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Weekly Deals and Funds Roundup: 16 January 200816/01/2008. 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.
DEALS
Private equity firm Oak Hill Capital Partners has agreed to invest $150m in the holding company of online marketing solutions provider Oversee.net. Specific terms of the transaction were not disclosed, but according to Oversee, the funds will be used to augment organic growth and acquire technologies that will enhance its suite of services in the online marketing and domain name industries.
An affiliate of private equity investment firm Thomas Cressey Bravo has agreed to acquire property tax systems and services provider Manatron for $66m. Manatron, which is based in Portage, Michigan, expects the transaction to close during the fourth quarter.
Private equity firm ISIS Equity Partners has sold its shares in management training provider Hawksmere to insurance and securities education firm Kaplan Financial for an undisclosed amount. The transaction will yield a multiple of 2.5 times to ISIS clients, according to a statement. ISIS invested £2.75m from its Baronsmead VCT funds to support the MBO of Hawksmere in December 2003.
Foresight VCT 4, a venture capital fund advised by the Foresight Group, has exited its investment in pre-paid and debit card processing and licensed software provider Nomad Payments. The sale to banking and payments technology provider Metavante Technologies realised a two times return on Foresight's original investment of £1.77m. Originally founded in 1991 as a card payments software provider, Nomad established its payment division in 2005. Since then, the company has built up a strong base of debit and prepaid card processing clients including the Bank of Ireland, Clydesdale Bank, ThinkMoney, Newcastle Building Society and Tuxedo Money Solutions.
CEE-focused private equity fund Royalton Capital Investors II has acquired a 95 per cent stake in Romanian insurance company CertAsig from a consortium of Spanish investors. The company's management and local Romanian investors will retain the remainder of the shares. CertAsig is a Romanian property causality insurance company, focusing on travel and sports insurance.
Growth equity private equity firm Frontier Capital has completed a $10m expansion funding investment in clinical trial recruitment solutions provider Inclinix. Frontier's investment, which includes participation from the firm's limited partners, will support expansion of sales and marketing resources and enhancement of the company's proprietary clinical trial enrollment processes and technologies. Inclinix provides clinical trial patient recruitment solutions to pharmaceutical, biotechnology and medical-device companies. Customers rely on Inclinix's full lifecycle recruitment solution to identify, qualify and deliver participants for enrollment in clinical drug trials.
La Jolla, California-based private equity investment management firm PCG Capital Partners has provided $40m of growth capital to Houston, Texas-based natural gas storage facilities developer eCORP. The money will be used to finance the initial development of additional natural gas storage facilities and for general working capital requirements. The company develops natural gas storage facilities in the US, for use by utilities and local distribution companies to help manage the cost of the gas they deliver to consumers throughout the year, helping to smooth out the seasonal peaks that accompany unpredictable weather patterns.
FUNDS
Early stage venture capital fund New Atlantic Ventures Fund III has held a first closing on $175m. Over 40 per cent of the target fund size was committed in the first closing from investors in the US, Europe and the Middle East.
Technology-focused venture capital firm Velocity Venture Capital has closed its second fund on $15m and is preparing for its third fund with a target fund size of $60m.
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