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Weekly Deals and Funds Roundup: 21 November 200721/11/2007. 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 deal and fund activity that did not feature as separate stories in AltAssets' daily news service.
Mid-market consumer products company specialist VMG Partners has made an equity investment in luxury mineral makeup brand Colorescience. Colorescience management and distribution channels will not change, according to a statement.
UK mid-market private equity house Dunedin has backed its sixth business within the financial services sector, Gissings Advisory Services, in an £18m MBO. GAS provides advice on flexible benefits, private medical insurance, life assurance, permanent health insurance, occupational health and employee wellness to a number of FTSE 100 and FTSE 250 businesses. Other financial services businesses Dunedin has backed have included: Practice Plan, Home & Legacy, Davenham and Zenith.
CLSA Capital Partners, the alternative asset management arm of CLSA Asia-Pacific Markets, has invested $25m from its ARIA Investment Partners II and ARIA Investment Partners III funds in asphalt sales and logistics services company Shanghai Tonva Petrochemical Co. STP's logistics services cover vehicle transportation, ocean transportation, inland water transportation and storage of asphalt. It has storage hubs with an aggregate storage capacity of about 114,000 tons and is expanding its network to support markets in inland cities.
German private equity firm NORD Holding, has taken a stake as a silent partner to boost the expansion of ship recycling firm Eckhardt Marine. Eckhardt's main business is the dismantling and recycling of large cargo and passenger ships. NORD Holding plans for its investment to boost turnover at Eckhardt to over €100m in the next few years.
Science and technology venture capital firm Oxford Capital Partners has made a follow-on investment into Oxford-based pest control research firm Oxitec. The Oxford University spin-out company is researching the development of more environmentally-friendly techniques to control insects that damage farms and public health. The firm has patented technology that employs genetics and molecular biology to improve techniques for dealing with insects, ranging from crop pests to disease spreading mosquitoes.
Hong Kong-based private equity investment and buy-out firm Baring Private Equity Asia and ICICI Venture have agreed to acquire a significant stake in Indian integrated financial services enterprises Karvy Stock Broking. In addition to offering broking services to over 350,000 retail investors, KSBL also has a private client desk catering for high-net-worth individuals and corporates, and an institutional desk servicing various domestic and foreign financial institutions. It offers both cash and derivatives trading and its average daily turnover is approximately $375m. The deal includes the buy-out of a stake held by existing investor Pacific Century Group, as well as the infusion of fresh capital into KSBL. The capital will be utilised for further expansion and other working capital requirements.
Independent mezzanine and private equity firm Mezzanine Management has led the acquisition of Houston, Texas-based privately held full service crane and rigging operator TNT Crane & Rigging. Terms of the acquisition were not disclosed. The investment is being made by MML's fourth fund, Mezzanine Management Fund IV. It follows the firm's successful exit earlier this year from its investment in US specialty maintenance services firm XServ.
Lower mid-market private equity investor Sentinel Capital Partners has invested in US mobile dental services ReachOut Healthcare America. The firm's management and Sentinel are partners in the transaction, the terms of which were not disclosed. Founded in 2001 and based in Phoenix, Arizona, ReachOut provides mobile dental services to under-served children in schools and foster programmes, to the aged and disabled in residential facilities, and to the US Army and National Guard units.
US-based venture capital fund Hopewell Ventures has taken an equity stake in an Indianapolis-based provider of pain management solutions, Symbios Holdings. Symbios designs, manufactures and markets pain management devices, specialising in disposable pumps used to treat post-operative pain. It will use the Hopewell Ventures' funding to expand its product line and domestic distribution efforts. Hopewell Ventures did not disclose the value of its equity position.
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