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Renold buys Indian chain business

British industrial chain maker Renold Plc has taken a 75 per cent stake in the industrial chain business of Indian-quoted group LG Balakrishnan & Bros (LGB). The terms of the deal remain undisclosed.

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LCA shuts up shop to new investments

AIM-listed cleantech investor Low Carbon Accelerator (LCA) does not anticipate making any new investments until it has achieved at least one exit, according to a statement released today. The firm’s management team has decided, ‘given current market conditions, to focus resources on supporting existing portfolio companies’.

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AIM welcomes San Leon Energy

San Leon Energy, an international oil and gas exploration company, has been valued at some £100 million after its shares started trading on AIM.

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Sunrise in Swiss telecoms deal

Sunrise Communications, the Swiss subsidiary of Danish communication services provider TDC, has acquired Tele2 Communication Services, the third largest fixed-line telecommunications provider in Switzerland, for CHF 50 million (£25 million).

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Spice is right for Mono

A provider of utility support services has strengthened its business in the northwest after buying a rival firm. Spice has expanded its offering to social landlords, housing associations and local authorities through the addition of Mono Services to its business.

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Freshfayre acquired by turnaround specialist

Turnaround firm RCapital has acquired a majority stake in nationwide chilled food supplier Freshfayre for an undisclosed sum.

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VCT investment opportunities ‘reduced’

Andrew Boyle, chairman of the Apollo VCTs, says that there are fewer opportunities matching the funds’ investment criteria due to the economic downturn. The statement comes as the VCTs report ‘stable’ performance in the six months to July.

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Electronics manufacturer nets investment

Specialist electronics manufacturer AWS has secured an equity investment of £5.5 million from Barclays Ventures alongside debt from Yorkshire Bank. The deal will finance the group’s plan to double its current turnover of £40 million within three years through organic growth and acquisitions.

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VCT investment opportunities ‘reduced’

Andrew Boyle, chairman of the Apollo VCTs, says that there are fewer opportunities matching the funds’ investment criteria due to the economic downturn. The statement comes as the VCTs report ‘stable’ performance in the six months to July.

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Electronics manufacturer nets investment

Specialist electronics manufacturer AWS has secured an equity investment of £5.5 million from Barclays Ventures alongside debt from Yorkshire Bank. The deal will finance the group’s plan to double its current turnover of £40 million within three years through organic growth and acquisitions.

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AMP acquires Fulgent Media Group

Nordic telecom operator TeliaSonera has taken stakes in operators in Nepal and Cambodia for around US$488 million (£265.4 million). The company has bought a 51 per cent stake in TeliaSonera Asia Holding from Kazakhstan's Visor Group, and the entire share holding of Cambodia's Applifone.

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Business card bliss

Every mover and shaker knows that you don't make a business a success by sitting behind your desk thinking about strategy.

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Symrise sniffs out US deals

Symrise, a global supplier of fragrances, flavourings and active ingredients for the perfume, cosmetics and food industries, has made two US acquisitions this month as part of its strategy to expand into the US air care market.

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Ascribe buys WCI Healthcare

Health IT group Ascribe Plc has acquired the heathcare division of WCI Consulting for £650,000, with a deferred payment of £300,000 expected in the next 12 months dependent on the company’s performance.

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