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Management buys Fernau Avionics

Fernau Avionics, a designer and manufacturer of navigational aids to the civil and military aviation markets, has been bought by its management.

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Cash injection for Glide Pharma

Pharmaceutical outfit Glide Pharma has raised £2.3 million. The funding involved existing shareholders, such as Oxford Technology 4 VCT, as well as new investors including Oxford Capital Partners.

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Travelzest heads to Cuba

Captivating Cuba, a UK-based company offering holidays to the Caribbean island, has been bought by AIM-listed tour operator Travelzest for £10,000.

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NEL Power bought out of administration and all today’s headlines

Power station builder NEL Power has been bought by one of its competitors. Carron Energy acquired the company from its administrator for an undisclosed sum.

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Mirifice raises South West investment

Mirifice has secured £250,000 from YFM Group managed South West Ventures Fund (SWVF).

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IMI completes Swiss water deal

Engineering group IMI is set to complete its third acquisition in a year with the purchase of a majority stake in Swiss indoor water conditioning manufacturer Pneumatex.

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Modus makes £11.4 million investment and all today’s headlines

Today's headlines include Modus Private Equity's £11.4 million investment in Fish Administration and marketing specialist Twenty buying Ominor for some £7.9 million.

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Scottish firm buys London company

An Edinburgh-based provider of IT and communications products and services has added a London office to its business after buying a rival firm. Glen Group plc bought IG Software, which trades as inGroup, for £1.35 million.

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Modus makes £11.4 million investment and all today’s headlines

Today's headlines include Modus Private Equity's £11.4 million investment in Fish Administration and marketing specialist Twenty buying Ominor for some £7.9 million.

News

Scottish firm buys London company

An Edinburgh-based provider of IT and communications products and services has added a London office to its business after buying a rival firm. Glen Group plc bought IG Software, which trades as inGroup, for £1.35 million.

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Greene King serves up Scottish restaurant chain

Pub and brewery group Greene King has made its first acquisition in the catering sector, adding Loch Fyne Restaurants to its portfolio.

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Mouchel Parkman buys HBS

Support services group Mouchel Parkman has entered the business process outsourcing market after buying Hyder Business Services (HBS). The acquired company was sold by private equity firm Terra Firma for £46.2 million.

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Third Space makes room for £22 million buy-out

The former finance director of a health and fitness club in Soho is to open new outlets across London after buying the business for £22 million.

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Hexagon acquires Archer Mathieson

Interim management and executive recruitment firm Hexagon Human Capital has bagged its first acquisition since launching on AIM this year.

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