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AltAssets is the private equity news and research service from Almeida Capital
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PRINT THIS PAGE Weekly Deals and Funds Roundup: 5 December 200705/12/2007. 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.
DEALS
CLSA Capital Partners' ARIA Investment Partners III fund has invested $20m in Asia-Pacific heat insulation exporter Orind Global Holdings Limited, an unlisted company with a presence in China and India.
Close Brothers Private Equity has sold hospitality, healthcare and leisure linen textile services supplier Fisher Holdings for £40m to Bank of Scotland Integrated Finance. CBPE acquired Fisher in a £23m MBO from the Fishers family in 2004. The firm's clients include Scotland's premier hotels, a number of large food producing concerns and thousands of smaller independent hospitality premises. CBPE achieved a 2.9 times return on its original investment and an IRR of 37 per cent over its investment period, according to a statement.
Ohio-based private equity firms Linsalata Capital Partners and Resilience Capital Partners have agreed to acquire automotive accessories maker Lund International from private equity firm Harvest Partners for an undisclosed amount. Lund has annual sales in excess of $130m. Linsalata and Resilience will bring additional management resources to the company, investing to help it continue its growth.
Mid-market private equity firm FdG Associates, has recapitalised US-based bulk transportation, packaging, distribution and logistics company A&R Transport and non-asset based transportation management services business Alliance Logistics. The company will be known as A&R Logistics going forward. The investment was made from FdG Capital Partners II, FdG Associates' second institutional fund, which has more than $300m in committed capital. The terms of the transaction were not disclosed.
Miami-based private equity company HIG Capital has completed the sale of insurance services firm Gould & Lamb to Boston-based private equity firm ABRY Partners. Terms of the transaction were not disclosed.
New Manchester-based private equity firm Infinity Asset Management has sealed its first deal by investing in Positive Cash Flow Finance, a new business launched on 1 December. Positive Cash Flow Finance will focus on providing funds for growth, MBOs, MBIs, acquisition and financial restructuring.
FUNDS
Private equity firm Accretion Investment Management has launched a new fund, Accretion V Fund, with a $50-75m target. The fund will focus on later stage private equity investments in Australasia. Investments will be made into secondary direct transactions, small buy-outs and later stage expansion capital transactions. It will typically invest amounts of $10m or less in businesses with an enterprise value of between $10-50m in the services and manufacturing sectors.
Copyright © 2007 AltAssets
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