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Weekly Deals and Funds Roundup: 29 November 200629/11/2006. 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
The Alliance ScanEast Fund, co-managed by CapMan and Alliance Capital Management Corp. , has exited from CTC Media, a large commercial television broadcaster in Russia. As a result of the fund's last exit, its management company, ScanEast Managing Partner, received carried interest income in the form of 102,419 shares in the NASDAQ-listed CTC Media and sold the shares for $2.3m, according to a satement.
AIG Highstar Capital II has acquired US-based Summer Street Capital Partners' portfolio company Interstate Waste Services for an undisclosed sum. Based in New York, IWS is a solid-waste management operation involved in the collection and disposal of non-hazardous solid waste. During Summer Street's three-year investment holding period, IWS completed five acquisitions and experienced revenue growth of nearly 400per cent, according to a statement.
Monomoy Capital Partners has agreed to acquire and recapitalise Western Recreational Vehicles. Yakima, Washington-based Western RV specialises in the design and manufacture of premium recreational vehicles for the Class A motor home, fifth wheel and truck camper segments of the RV industry.
UK mid-market private equity firm Gresham Private Equity has exited Individual Restaurant Company through the sale of the business to Bank Restaurant Group for a value of up to £41m. The sale will yield Gresham a return on investment of 2.3 times, according to a statement.
Close Brothers Private Equity has backed the management buy-out of Alex Stewart (Assayers) Ltd, part of the Alex Stewart Group, and a provider of metals and minerals inspection and testing services, for an undisclosed amount.
FUNDS
UK government-backed emerging markets fund of funds manager CDC Group has committed $50m to a new African fund managed by Helios Investment Partners. The fund, Helios Investors, held a first closing on $201m in July 2006. It is expected that the majority of the fund will be invested in West Africa, in particular Nigeria, and to a lesser extent Southern Africa.
Copyright © 2006 AltAssets
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