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Sovereign Capital boosts mental health portfolio

Parallel Options, which supports adults with mental health needs or learning disabilities, has been bought by private equity firm Sovereign Capital. The £11 million deal was supported by senior debt from Allied Irish Bank.

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Core beats fundraising forecasts

Against an apparently unfriendly VCT fundraising environment, Core Capital has topped its £20 million fundraising target by tugging in an impressive £21.7 million for its fourth and fifth VCTs.

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YFM ready to spend £145 million

With a £10 million top-up offer for its British Smaller Companies VCT, private equity group YFM now has a total of £145 million to invest in its chosen SME companies.

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Management triumvirate buy SIS

A northeast-based surveying specialist is moving to new premises after being bought by its management. Survey Inspection Systems (SIS) was sold to a three-strong team for an undisclosed sum.

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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. The acquisition provides an exit for August Equity.

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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. The acquisition provides an exit for August Equity.

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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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