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Easternrange drives off with Go Plant

Vehicle hire group Go Plant is ready to expand its geographical reach after it was bought by a private investment company.

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Lancashire lad wins enterprise award

Matthew Riley, CEO of telecoms company Daisy Communications, has been named Young Entrepreneur of the Year in Ernst and Young's North Region Awards.

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Imperial College London spin-out gets funding

Biopharmaceutical company PolyTherics has secured funding of £2.3 million from a consortium of private equity and venture capital interests.

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Russian gas company raises £60 million on AIM

A Russian gas exploration and production business has become the latest international company to join AIM. Volga Gas, which currently holds three subsoil licences in the Volga region of European Russia, raised almost £60 million through the admission.

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ISIS backs CableCom buy-out

CableCom, a provider of IT and communications managed services, has been bought by its management for £11.5 million.

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Sweet as a nut for Cooper & Turner

One of the UK’s largest manufacturers of specialist nuts and bolts has strengthened its service offering after it merged with a Scottish industrial products supplier.

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New telecoms company launched

A private equity consortium led by Atlantic Bridge Ventures has purchased LogicaCMG's telecoms products business, which processes over half of the world's text and multimedia messages. The seller was paid £265 million in cash on completion.

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June 20th headlines

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New telecoms company launched

A private equity consortium led by Atlantic Bridge Ventures has purchased LogicaCMG's telecoms products business, which processes over half of the world's text and multimedia messages. The seller was paid £265 million in cash on completion.

News

June 20th headlines

News

Flirting service gets £2m funding

Venture capital consortium Seraphim Capital has led a second round of funding for Handmade Mobile Entertainment, which runs cross-platform flirting service Flirtomatic. The investment of £2 million comes just a year after the service’s launch.

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Essentially Group in double acquisition

Sports marketing and media business Essentially Group plc has acquired sports consultancies Frontiers Group UK and Athletes 1 Sports for up to £12.3 million in cash and shares.

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Top Gear

Car dealers continue to hunt for small to medium-sized acquisitions in a still fragmented marketplace, despite mixed trading conditions in 2007.

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US hedge fund focuses on DIY chain

US hedge fund Cerberus and another unnamed retail investor are poised to acquire troubled UK DIY chain Focus for an undisclosed sum.

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