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Weekly Deals and Funds Roundup: 4 June 200804/06/2008. 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.
Los Angeles private equity firm Marlin Equity Partners has acquired coupon redemption service operations from International Outsourcing Services forming a new company, ProLogic Redemption Solutions, which will also be based in Los Angeles. Following the deal, group president of Marlin's technology practice, Bill Atkinson, was named CEO and grocery executive John McCurry has been named vice president of sales. According to a statement, Marlin has committed up to $60m of capital in ProLogic from its $300m second private equity fund. Marlin has completed 16 acquisitions since 2005.
Vietnam-based Anpha Capital Group and Hanoi Fund Management Company (HFM), also located in Vietnam, have entered into a strategic partnership. Anpha Capital manages two funds, Vietnam Equity Holding (VEH) and Vietnam Property Holding (VPH). HFM will act as the exclusive sub-investment manager for VEH in Vietnam. HFM was established in late 2006 and is currently managing Hanoi Fund and Vietnam Tiger Fund with total assets under management of over $120m at the end of 2007. As part of the deal, Anpha Capital has named Louis Nguyen as chairman and CEO.
International private equity firmLombard Investments has acquired ten per cent of Southeast Asian online entertainment service provider Asiasoft Corporation, for approximately $11.7m. Asiasoft was established in 2001 and completed an IPO in May of this year. Lombard Investments is an international private equity investment manager with offices in Bangkok, Hong Kong and San Francisco. Lombard made its investment in Asiasoft through Lombard Asia III, the firm's Southeast Asia and Greater China private equity fund.
Australian private equity manager Ironbridge Capital has acquired three drilling businesses that operate in the growth mining and infrastructure services sectors. Valued at AUS$200m, they are Gorey & Cole, Sides and Nudrill. This is the fourth investment from the firm's Ironbridge II fund. Ironbridge manages over AUS$1.5bn and focuses on mid-range MBO and expansion capital transactions.
Emerging markets investor Aureos Capital's Emerge Central America Growth Fund (EMERGE) has acquired a 49 per cent stake in Costa Rican sustainable tourism company Horizontes, through an MBO. This is the second investment made by the fund and the first in Costa Rica.
Solar cell developer FTL Solar has closed its first round of funding, on an undisclosed amount, with a $50m final target. The financing was led by private equity firm Terra Firma CapitalGroup, alongside The Josh Mailman Foundation and individual investors.
The Riverside Company has acquired strong>ITEL Labratories. Financial terms of the deal were not disclosed. ITEL is an independent tester for determining fair-market replacement value of damaged products. This is Riverside's 12th acquisition of 2008 and its 188th since the firm was founded 20 years ago.
US software company Rally Software Development Corp has closed a $16.85m Series C round of financing, led by Silicon Valley-based venture capital firm Mohr Davidow Ventures, alongside existing backers Boulder Ventures and Mobius Venture Capital. Previous investments from MDV include Agile, Brocade, Epigram, Genius, hi5, Infusionsoft, Medio, Nanosolar, ONI Systems (CIEN), Pacific Biosciences, Proofpoint, Revenue Science, Sabrix, Woven Systems and Visible Measures. The firm has $2bn under management.
Africa-focused private equity firm Emerging Capital Partners has made a $15m investment in Blue Financial Services, a micro lender serving ten countries in sub-Saharan Africa. ECP's investment was made through ECP's $523m ECP Africa Fund II, in the form of convertible bonds and common shares.
Marketplace and management platform oDesk has raised $15m in Series C financing. Palo Alto-based venture capital firmDAG Ventures led the round, while existing investors Benchmark Capital, Globespan Capital Partners and Sigma Partners also participated. DAG Ventures targets investments in the IT, energy and life sciences sectors.
Private equity and venture capital firm Summit Partners has made an investment in European electronic trading firm Flow Traders. Terms of the investment were not disclosed. Flow Traders trades equities and also derivatives, currencies and bonds in the main European markets. Summit Partners provides private equity and venture capital for growth companies. The firm has offices in Boston, Palo Alto and London.
US healthcare researcher VeraLight has secured $20m in Series C financing round, led by the Psilos Group and CMEA Ventures, with commitments from Spring Capital, EPIC Ventures, The Dow Chemical Company, and the Southern Ute Growth Fund.
IP Commerce has raised $17m in Series C funding round led by new investor Venrock. Other new investor Total Technology Ventures participated alongside existing investors Meritage Funds, Appian Ventures and Iron Gate Capital. Following the investment, Michael C Brooks, general partner of Venrock, will join the IP commerce board of directors. To date, IP Commerce has raised $34m. Venrock focus on the technology, healthcare and energy sectors.
San Francisco-based private equity firm Golden Gate Capital has invested in Pinnacle Security, a provider of residential and commercial security systems in Orem, Utah. Financial terms were not disclosed. Golden Gate Capital has approximately $9bn of capital under management and focuses on change-intensive, growth businesses.
French LBO specialists AtriA Capital Partenaires has sold French manufacturer Rivard to Alamo Group. Financial temrs were not disclosed. Rivard is an LBO investment made in October 2000 and is the 15th divesture by AtriA since its inception.
Venture capital investors Arch Venture Partners, Wellcome Trust and Venrock have commited a combined $50m to biofuel company Sapphire Energy. Arch Ventures recently closed its seventh fund on $400m.
3i Infrastructure and Terra Firma (in the race through one of its portfolio companies) no longer intend to make an offer for windfarm developer Novera Energy. 'Despite the distraction of being in an offer period, the business has continued to operate as normal and, as a result of very hard work across all areas, Novera has continued to make good progress, both in its existing operations and its development pipeline,' the company said in a statement.
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