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Weekly Deals and Funds Roundup: 22 November 200622/11/2006. Source: AltAssets. 
 A selection of the latest deals and funds news from across the globe - essential reading for those who need to keep up-to-date with the industry's key developments.
This weekly roundup provides an update on deals and fund activity that did not feature as separate stories in AltAssets' daily news service.
DEALS
Heliad Equity Partners has acquired a 49 per cent stake in Unicorn Geld- und Wertdienstleistungen. The company provides security and transportation services in Germany. Heliad is a private equity firm that focuses on companies in the German-speaking region.
Mid-market private equity firm Baird Capital Partners Europe has realised its investment in Traffic Support, a parking enforcement solutions company. Mouchel Parkman, an integrated support services company, has acquired the business for £21.5m. Added to a £4.8m pre-completion cash withdrawal, this gives a 3.5 times return on Baird's investment in Traffic Support, according to a statement by the firm.
Norvestor IV is to acquire a 70 per cent interest in BecoTek, an integrated manufacturer and supplier of brass cages to the ball and roller bearing industry, controlling the value chain from melting to finished products. Arvid Bjørnstad will retain a 30 per cent ownership stake in BecoTek and continue in his current position as managing director.
3i, Nordic venture capitalist SEB Företagsinvest and other shareholders are divesting their stakes in SBL Vaccines, a Swedish vaccine distributor, in a sale to Dutch biotechnology company Crucell. The sale price is €39.4m, excluding deferred payments and future royalties.
AXA Private Equity has acquired approximately 70 per cent of the shares in CABB, a German specialty chemicals company. The remaining shares will be held by the company's management. CABB is headquartered in Sulzbach/Taunus, Germany.
Atlanta-based private equity firm Roark Capital Group has acquired Austin, Texas-headquartered Schlotzsky's, a restaurant chain offering made-to-order sandwiches, soups, salads and pizza. Schlotzsky's has approximately 365 franchised and company-owned locations generating $210m of system-wide revenues throughout the US and six other countries.
North Castle Partners has agreed to sell Azusa, California-based Naked Juice Company to PepsiCo. This transaction marks the third investment exit for North Castle Partners. Terms of the agreement, which is subject to government approval, were not disclosed.
FUNDS
FriedbergMilstein, an alternative investment management firm that specialises in credit strategies and private equity, has closed FM Leveraged Capital Fund II. The fund, which closed on $411m, has a collateralised debt obligation structure which facilitates a flexible investment mandate which includes first lien senior loans, second lien loans or notes and mezzanine or subordinated notes.
Copyright © 2006 AltAssets
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