Next Wave raises £20 million
Next Wave Partners, a private equity fund management company, has closed its inaugural fund after raising close to £20 million.
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Next Wave Partners, a private equity fund management company, has closed its inaugural fund after raising close to £20 million.
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Michael Weaver, chief executive of the Beer & Partners business angel network, says there is an ample amount of funding available for smaller companies in the UK.
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Private equity firm Enterprise Equity has acquired Irish bus, coach and limousine operator Chambers Coach Hire for an undisclosed sum.
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Dunedin Capital Partners, the UK mid-market private equity house, has exited from Davenham Group Holdings and Portman Holdings, creating multiples of 4.3 times and 3.6 times respectively on initial investments.
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The chief executive of a packaging company that names beverages such as Bacardi and Budweiser as examples of its work has bought the business.
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Publishing firm NPI Media has secured funding for the £15 million acquisition of three rivals. It received £5.5 million from Octopus Investments and debt finance from GMAC Commercial Finance.
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Furniture manufacturer Belle Maison Home Interiors has secured £650,000. The finance package comprised factoring, investment from the company’s directors and a £100,000 loan from the Merseyside Special Investment Fund (MSIF).
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An event specialist that has provided services for Wimbledon, The Ryder Cup and the MTV Europe Awards has been bought by a team led by the company’s chief executive David Walley.
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Furniture manufacturer Belle Maison Home Interiors has secured £650,000. The finance package comprised factoring, investment from the company’s directors and a £100,000 loan from the Merseyside Special Investment Fund (MSIF).
News
An event specialist that has provided services for Wimbledon, The Ryder Cup and the MTV Europe Awards has been bought by a team led by the company’s chief executive David Walley.
News
An Icelandic bank has backed the secondary buy-out of a London-based womanswear retailer. Phase Eight, which has stores and concessions across the UK and Ireland, has changed hands in a £51.5 million deal led by Kaupthing.
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Exploration company Yellow Cat Uranium has joined PLUS Markets, issuing 445 million shares. The listing values the company at more than £10 million.
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A slow year for the VCT market is likely to pick up next month, according to Jeff Cornish, a director at international private equity firm Beringea. ‘March will go crazy,’ he tells Growth Business, ‘£120 million to £130 million will be raised during the coming month.’
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Early-stage telecommunications firm Telekom Atlas On-Line Turkey (TAOLT) has joined PLUS.
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