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Bakery stays in the family following buy-out

A bakery that produces more than a million cakes each week has been bought by the son of its chairman.

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Funding for LastMile

LastMile Communications, a provider of wireless technology, has generated £4.1 million during its third round of fundraising. The total raised so far is £10.5 million.

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Management buys Cubiks

HR consultancy group Cubiks is now under the full control of its management and employees after they completed the buy-out they initiated three years ago.

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NVM exits Ithaca for £14.25 million

NVM Private Equity has sold Ithaca Business Media in a £14.25 million trade sale to United Business Media’s UK-based business information division, CMP Information.

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Kinetics buys gas installation and maintenance company

The Kinetics Group has become the largest provider of gas installation and maintenance services to the social housing market in London after buying a company in the north of the capital.

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NVM backs MD in Foreman Roberts buy-out

A building services consultant that includes Wimbledon and the new Wembley as examples of its work has been bought by its management for £14.7 million.

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Dhir India joins AIM

An Isle of Man registered company recently formed to invest in India’s non-performing assets market has joined AIM.

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Litorina takes Pahlen stake

Private equity firm Litorina Kapital has bought a majority shareholding in a swimming pool products manufacturer Pahlen, which is based in its native Sweden.

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Dhir India joins AIM

An Isle of Man registered company recently formed to invest in India’s non-performing assets market has joined AIM.

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Litorina takes Pahlen stake

Private equity firm Litorina Kapital has bought a majority shareholding in a swimming pool products manufacturer Pahlen, which is based in its native Sweden.

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Maria Mallaband seeks growth with Lloyds cash

Leeds-based care home group Maria Mallaband hopes to double in size by 2010 after securing a property finance deal with Lloyds TSB Corporate Markets.

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UBM adds exhibitions to portfolio

United Business Media (UBM), a business news distributor and events organiser, has completed its 15th acquisition this year.

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Cullum Capital Ventures buys Alker Brothers and all today’s headlines

In today's headlines Greatfleet has bought Qualitas for £4.4 million and Standard Chartered bank looks to acquire Pembroke for an undisclosed fee.

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Next Big Thing: Contactless cash cards

For coins and notes, it could be the beginning of the end. This autumn high-street banks will issue credit and debit cards with a new contactless payment facility, allowing cardholders to pay for items under £10 by simply swiping the cards over a reader.

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