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Pearson increases
Nigerian interests

A US-based international educational products specialist has taken a majority stake in an African publisher, increasing its exposure to a country that has 35 million students.

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Wellcome investment in M&S

Wellcome Trust has taken a 2.5 per cent stake in Marks and Spencer worth an estimated £100 million. Shares fell after the announcement, prompting speculation that a potential bidder is looking at the beleaguered retailer.

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Dubai somersaults into circus deal

Cirque du Soleil, a Canadian-based entertainment and performance company, has sold a 20 per cent stake of its business to Dubai-based property developer Nakheel and investment company Istithmar World Capital for an undisclosed fee.

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French oil giant Total SA buys Synenco Energy

The French oil company Total SA has completed its acquisition of Synenco Energy, a Canadian oil sands developer, for $506 million (£259 million). Read on for more deal headlines.

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Bidder gets teeth into 1st Dental

1st Dental Laboratories has received a takeover approach at “no more than 8.5p per share,” which values the Harrogate dental supplier at £3.6 million.

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Equity fund invests in a secure future

Skipton-based network security firm Syphan Technologies has received a £250,000 investment from the Yorkshire & Humber Equity Fund.

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Oddbins sold to investment group

Oddbins, a wine retailer, has been sold to a consortium of investors lead by the former managing directors son for an undisclosed sum. Read on for more deal headlines.

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Green Dragon fires up deal-making

Green Dragon Gas, an explorer, developer and producer of coal bed methane in China, has made a strategic acquisition in the domestic energy sector for $9.25 million (£4.7 million). The deal will be funded from the AIM-listed company’s existing cash pool.

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Oddbins sold to investment group

Oddbins, a wine retailer, has been sold to a consortium of investors lead by the former managing directors son for an undisclosed sum. Read on for more deal headlines.

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Green Dragon fires up deal-making

Green Dragon Gas, an explorer, developer and producer of coal bed methane in China, has made a strategic acquisition in the domestic energy sector for $9.25 million (£4.7 million). The deal will be funded from the AIM-listed company’s existing cash pool.

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Tough times for small companies, says Unicorn

Unicorn AIM VCT II has seen a net loss of just over £1.4 million for both its Ordinary Share Fund and the C Share Fund. Chairman Peter Andrews attributes this to tough market conditions for smaller quoted companies, where banks have tightened terms and investors are more risk averse.

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Aberdeen exits from ID Support Services

Aberdeen Asset Managers Growth Capital has exited from ID Support Services Holdings by way of a secondary buy-out backed by Penta Capital Partners. The sale realised an overall return of 1.8x money on the investment and an IRR of 61 per cent.

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Barr agrees to acquire Rubicon

Scottish-based soft drinks group A.G Barr has announced an agreement to purchase Rubicon for an initial £59.8 million, subject to shareholder approval. This deal will give Barr a stronger foothold in the £1.6 billion UK still and juice drinks market.

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UK last of M&A
big spenders

UK companies made more acquisitions in July than any other EU country, but German businesses spent more on M&A, new research has revealed.

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