PRINT THIS PAGE Weekly Deals and Funds Roundup: 30 January 200830/01/2008. 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. Weekly Deals and Funds Roundup: 30 January 2008
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
Web interaction analytics company ClickTale, has secured funding from European venture capital firm YL Ventures. YL Ventures’ managing partner Yoav Andrew Leitersdorf will be joining the ClickTale board of directors as part of this funding round. ClickTale enables websites to record and watch movies of their users’ complete browsing sessions: mouse movements, clicks and scrolling actions, helping websites optimise their users' online behaviour inside the webpage.
UK-based private equity firm ISIS Equity Partners has completed a £20m MBO of engineering software company CSC. CSC was founded in 1975 as a subsidiary of a civil and structural engineering consultancy and became independent in 1987 following an MBO. Two subsequent buy-outs have taken place, the latest of which was led in 2003 by current managing director Mark Roberts.
New York-based consumer and media sector-focused private equity firm Mistral Equity Partners has acquired Shearer’s Foods. Headquartered in Brewster, Ohio, Shearer’s is a producer and distributor of branded, co-packed and private label seasoned snack foods and related products. Terms of the deal were not disclosed. Shearer’s management team, headed by CEO Robert J Shearer, will continue in their current positions and will be investors in the transaction along with other co-investors.
Vietnamese private equity firm Mekong Capital’s Vietnam Azalea Fund has invested approximately $12m in former Vietnamese state-owned jewellery maker Phu Nhuan Jewelry Joint Stock Company. Established in 1988, Phu Nhuan Jewelry is a Vietnamese jewellery manufacturer with 2,000 employees, jewellery factories, 13 branches nationwide, with 85 retail shops, and 3,000 wholesalers.
Alternative asset management company American Capital Strategies has invested $66m in medical devices supplier Avalon Laboratories. The investment will be used to fuel Avalon’s growth and takes the form of a senior term loan, senior subordinated debt and convertible preferred and common equity. American Capital is also providing a revolving credit facility. Robert Foster, Avalon’s founder, CEO and chairman, will maintain an ownership interest and continue his role in the company.
Templeton Strategic Emerging Markets Fund II has successfully exited its investment in Chinese industrial gear manufacturer China High Speed Transmission Equipment Co. TSEMF II sold its entire stake for total sale proceeds of $124.4m.
The Carlyle Group has agreed to acquire Switzerland-based business software vendor KCS.net Holding in partnership with the firm’s management. Founded in 1989, KCS.net is a vendor of Microsoft-based business software solutions and related consulting services.
Private equity firm LLR Partners has completed a $25m equity investment in North American advanced care veterinary hospitals firm BrightHeart Veterinary Centers. Caltius Mezzanine, BrightHeart’s existing lender, also made a $3.5m equity investment as part of the $28.5m total financing. The expansion capital will allow BrightHeart to make additional acquisitions of specialty/emergency veterinary hospitals, while executing its growth plans to support the veterinary community. BrightHeart currently operates facilities in Bedford Hills, New York; Avon, Connecticut; Chicago, Illinois; and Calgary, Canada with 67 veterinarians and a total staff of over 300.
The Aureos Latin America Fund has completed its first investment in Mexico, just after its first closing. ALAF has acquired a 31.25 per cent equity stake in office equipment distributor Docuformas. Docuformas was founded in 1996 and has since developed alliances with leading brands, such as Xerox and Hewlett Packard, to distribute their products. Docuformas also has a number of commercial agreements with well-known opticians, medical equipment companies and computer and software firms. The proceeds from ALAF’s investment in Docuformas will be used by the company to expand operations, diversify its product line and ensure future financial growth.
Private equity investment fund Saw Mill Capital Partners has agreed to acquire corporate, small business and personal identity products supplier Identity Group, in conjunction with the firm’s senior management team. Terms of the transaction have not been disclosed.
Private equity firm Frontier Capital has completed a $10m 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.
European private equity firm KBC Private Equity and Defiac have acquired Belgian lighting manufacturer Dark. KBC plans to bring Dark together with another lighting maker, Wever & Ducré, under a new holding company called 2 B delighted, that it purchased in the summer of 2007. Dark’s founder Marnick Smessaert continues to be responsible for the brand identity of Dark, and takes up the position of art and business development director for the whole group.
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