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Expansion for sweet retailer

Sweet Cred, which sells branded novelty confectionary, has received expansion capital of £5 million from private equity firm Octopus Investments. Alistair Brew from Octopus is joining Sweet Cred’s board, along with Harry Drnec, the former managing director of Red Bull.

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Plant Offshore plans £22 million flotation

Malaysian oil and gas services provider Plant Offshore is preparing a £22 million AIM flotation, supported by a £2.6 million placing arranged by HB Corporate.

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Carpetright buys northeastern rival

A national carpet and floorings retailer has expanded its operations in the northeast after buying a chain of carpet shops.

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Video Arts bought by Welsh producer

Television and new media production company Tinopolis has bought Video Arts, a video-based learning provider, for £2.4 million in cash.

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BakeSense rescues Oakdale sites

BakeSense, a provider of support services to bakeries, has acquired two sites in Doncaster and Wigan owned by food distributor Oakdale Bakeries, which entered administration in January.

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ECI backs CliniSys buy-out

A developer of software designed to support healthcare professionals has been bought by its chief executive. CliniSys, which specialises in laboratory information management systems, was sold to a team led by Fiona Pearson.

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Motherwell Bridge sells subsidiaries

A Lanarkshire-based engineering contractor has sold its aerospace systems and mechanical design consultancy businesses to a management buy-out team.

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Electra backs Nuaire’s management

Nuaire, a manufacturer of domestic, commercial and industrial fans, has been bought by its management for the second time in three years. The Caerphilly-based company has been sold to a team led by chief executive Alan Wright for an undisclosed sum.

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Motherwell Bridge sells subsidiaries

A Lanarkshire-based engineering contractor has sold its aerospace systems and mechanical design consultancy businesses to a management buy-out team.

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Electra backs Nuaire’s management

Nuaire, a manufacturer of domestic, commercial and industrial fans, has been bought by its management for the second time in three years. The Caerphilly-based company has been sold to a team led by chief executive Alan Wright for an undisclosed sum.

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LDC backs Penn buy-out from Gresham

A company that helps pharmaceutical and biotech firms bring new products to market has been bought by its management team.

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Mine removal firm joins PLUS

Mine removal and demilitarisation specialist Applied Engineering Products Holdings (AEPH) has listed on PLUS Markets. The company placed more than 1 million shares at 0.01p each and is expected to list about 58.4 million further shares in the next 60 days.

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When greed gets in the way

Exiting a business can do strange things to business owners as the prospect of unprecedented riches comes close to reality. ‘The greed is phenomenal,' says Mark Duffin, a director at global services provider Rentokil Initial.

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Bifold in £35 million buy-out

Bifold Fluid Power, a manufacturer of control valves and hydraulic pumps for the oil and gas industry, has undergone a £35 million secondary buy-out.