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AIM-listed renewable energy specialist Zenergy Power has been awarded a grant of €475,000 (£399,000) by the European Comission.

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Nordic venture capitalist firm Nexit Ventures has announced the second closing of its Infocom II fund at €75 million (£63 million).

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United Business Media (UBM) has acquired Xinhua PR Newswire, a corporate announcement distribution service based in China, from its partner Xinhua Finance for US$6 million (£4 million) in cash.

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The Board of Warrington–based property broking and letting group In House Group Plc has agreed to take a 75 per cent interest in Breatheasy Finance, a Cheshire firm that identifies housing stock at below market value with a view to achieving strong rental yields.

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As over-extended banks shrink their balance sheets, public companies may have to turn to private equity houses to fund future growth, leading to a surge in the public to private buy-out market.

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Coordimax, an Australian-owned and operated provider of integrated customer relationship management, document management and help desk tools, has acquired asset, lease and property management software company Pinnacle Pty.