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SPARK supports $12 million series B funding for Vivacta

SPARK Ventures has provided follow-on funding of £1 million to Vivacta, a vitro diagnostic company, as part of the company’s £5.7 million Series B financing round. This financing will be used to commercialise Vivacta’s first Point of Care (PoC) immunoassay system.

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Plasticell secures £690,000

Biotech company Plasticell has secured £250,000 from The Capital Fund. This follows an investment of £440,000 by existing shareholders and a £1.1 million grant from the Department for Business Enterprise and Regulatory Reform.

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PolyTherics receives £350,000

PolyTherics, a biopharmaceutical spin-out company from Imperial College London and the London School of Pharmacy, has been awarded £350,000 from the Technology Strategy Board.

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Pure Telecom acquires NewTel Communications

Ireland’s fastest growing business telecoms provider, Pure Telecom, has acquired NewTel Communications from Orion Telecommunications for an undisclosed seven-digit sum, adding €8.5 million (£6 million) to its annual turnover.

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PREM buys European hotel portfolio

Ireland’s largest hotel operator PREM Group has, together with Goodbody Stockbroker, acquired a portfolio of hotels in Belgium and France, making it the second largest hotel operator in Belgium.

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Polo Resources floats on AIM

Investment company Polo Resources has been admitted to AIM. The company issued some 131.4 million ordinary shares at 5p each to institutional and other investors raising £6.6 million.

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DCC flys into the UK with euro 3.5 million deal

Business support services conglomerate DCC plc has increased its presence in Britain through the acquisition of Squadron Medical for an initial €3.5 million (£2.5 million).

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Hotbed invests £2.1 million in Mobiletrails

Private investor syndicate Hotbed has invested £2.1 million of growth capital in Mobiletrails, a provider of travel information to mobile devices.

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DCC flys into the UK with euro 3.5 million deal

Business support services conglomerate DCC plc has increased its presence in Britain through the acquisition of Squadron Medical for an initial €3.5 million (£2.5 million).

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Hotbed invests £2.1 million in Mobiletrails

Private investor syndicate Hotbed has invested £2.1 million of growth capital in Mobiletrails, a provider of travel information to mobile devices.

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Eurotel in £44 million buy-out

Inflexion Private Equity, a specialist in the small mid-market, has led the secondary buy-out of business telecoms provider Eurotel for £44 million.

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Australian firm buys UK broker

OAMPS, an Australian insurance broker has acquired UK broker Keith Johnson & Co (KJ).

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Sovereign buys Orient Gold

Sovereign Capital has acquired Orient Gold, a national provider of apprenticeship and adult learning through its portfolio company STL, taking it one step closer to becoming the UK’s market-leading national vocational training provider.

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Helphire buys taxi company

Helphire Group plc, a provider of replacement vehicles to road accident victims, has strengthened its business after buying one of its taxi sub-contractors.