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Alliance Boots has purchased 25 per cent of Brazilian pharmaceutical wholesaler Athos Farma for an undisclosed amount. Read on for more deal headlines.

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Plastic Logic, which develops plastic electronics for flexible displays and sensors, has raised a new round of $50 million (£25 million) in equity finance led by existing venture capital investors Oak Investment Partners and Amadeus Capital Partners. To date, the company has raised more than $200 million.

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A Spanish developer and marketer of entertainment products for mobile phones and the Internet could be looking for suitable acquisition targets in the UK.

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Private equity firm Nova Capital Management has exited test and data analysis specialist nCode International for £17.5 million. The company has been acquired by instrumentation and controls company HBM.

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Employment consultancy Wyatt Group has acquired employee benefits specialist TEBC for £150,000. Two deferred payments each of £75,000 are to be made on the first and second anniversaries of the deal’s completion.

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Lancashire-based Crown Paints is close to being bought by its management for £70 million, according to reports. Managing director Howard Luft is leading the MBO with the backing of private equity house Endless Investments.