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Final chapter for Borders 

UK book retailer Borders has gone into administration and appointed restructuring firm MCR to handle the insolvency.

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Government propping up regional venture capital

Venture capital (VC) investing outside London and the South East depends heavily on public sector funds, according to a study.

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C&C Group buys Gaymers

Drinks manufacturer C&C Group has agreed to acquire The Gaymer Cider Company from Constellation Brands for £45 million.

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eCommera secures £1.3 million 

London-based e-commerce provider eCommera has secured £1.3 million in investment from private equity firm ePlanet.

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Lab21 buys Delphic Diagnostics

Healthcare diagnostics company Lab21 has acquired Delphic Diagnostics from its administrators BDO. The terms of the deal were not disclosed.

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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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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. 

News

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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