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Wellington backs Heliatek

German solar cell producer Heliatek has received $27 million (£16.3 million) in a funding round led by venture capital firm Wellington Partners.

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Allocate to buy Time Care

London-based software provider Allocate has agreed to acquire a similarly focused Swedish venture for a gross £12.4 million, funded by a new £8.3 million fundraising at a small discount. 

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Heliatek in funding round

German solar cell producer Heliatek has received $27 million (£16.3 million) in a funding round led by venture capital firm Wellington Partners.

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PwC acquires Paragon 

Professional services firm PricewaterhouseCoopers (PwC) has acquired Paragon Consulting Group for an undisclosed sum. 

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Green spending put on hold

Many growing businesses have had to reduce their environmental expenditure in order to cut costs.

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More funding for eCommera 

eCommera, a provider of online services to the retail industry, has secured £1.3 million from private equity group ePlanet.

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Orolia buys McMurdo

French electronics specialist Orolia has acquired McMurdo, a manufacturer of marine safety equipment, for $10 million (£5.9 million).  

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Perspective acquires PIMS

Perspective Financial Group has acquired Professional Investment Management Services (PIMS) for an undisclosed sum.

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Orolia buys McMurdo

French electronics specialist Orolia has acquired McMurdo, a manufacturer of marine safety equipment, for $10 million (£5.9 million).  

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Perspective acquires PIMS

Perspective Financial Group has acquired Professional Investment Management Services (PIMS) for an undisclosed sum.

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Finance Wales funds utility consultant

South Wales-based UES, which advises businesses on their utility costs, has secured £400,000 from Finance Wales.

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Coal Grill and Bar raises finance

Restaurant chain Coal Grill and Bar has secured £1.5 million from the government's Capital for Enterprise Fund through fund manager Octopus.

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Pay bonanza on AIM

Amid all the recent economic and financial turmoil afflicting business, AIM companies have continued to increase their directors’ salaries.

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Go-Ahead offers to buy PCB

London-based transport business Go-Ahead Group has offered to acquire Plymouth CityBus (PCB) for £20 million. 

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