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Piper backs Bottlegreen buy-out

Gloucestershire-based Woodchester Enterprises, which trades as Bottlegreen, has been taken over by three of its directors after Kit and Shireen Morris decided to exit the business they established almost 20 years ago.

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PLUS admission for Secure Fortress

Telecommunications provider Secure Fortress has joined PLUS Markets. The company placed some 110.5 million shares at 13p each. Its clients include the United States Department of Defence, federal agencies and private institutions.

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French group buys Sponsorship Media

A London-based marketing agency has become part of an international group. Sponsorship Media, which includes EDF Energy, Asda and Friends Provident among its clients, has been bought by Havas Sports.

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Noble picks up First State VCTs

Edinburgh-based investment house Noble will assume control of First State Investment’s AIM VCT on 4 June as it appoints fund manager Paul Jourdan from the same company.

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IMG buys Quintus from IBIS

IBIS Capital’s first Media VCT has sold its stake in Quintus Management, the company responsible for the advertising painted on cricket and rugby pitches for televised matches, to sports management and marketing conglomerate IMG.

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Wicks and Malde return with Inland

Stephen Wicks and Nishith Malde were the duo behind the highly successful residential and commercial property developer Country & Metropolitan. They have now returned to market with AIM entrant Inland, which specialises in buying ‘brown field’ sites and enhancing value by obtaining planning permissions for residential and mixed-use development.

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Avacta attracts new names

Some new well-known names, as well as key directors and enthusiastic existing backers, took part in a £2.71 million placing priced at 2.5p for Avacta, the University of Leeds biophysics spin off, arranged by new joint broker BankOra.

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K3 buys software manufacturer

K3, a software provider to the supply chain sector, has increased its turnover to some £12 million after it bought McGuffie Brunton. The acquisition of the Manchester-based software manufacturer was agreed for £12.5 million.

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Avacta attracts new names

Some new well-known names, as well as key directors and enthusiastic existing backers, took part in a £2.71 million placing priced at 2.5p for Avacta, the University of Leeds biophysics spin off, arranged by new joint broker BankOra.

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K3 buys software manufacturer

K3, a software provider to the supply chain sector, has increased its turnover to some £12 million after it bought McGuffie Brunton. The acquisition of the Manchester-based software manufacturer was agreed for £12.5 million.

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New management steps in for Triage sale

Triage Services, which specialises in maintaining and repairing IT systems, has been bought in a secondary buy-out. Kaye Enterprises, Bridges Ventures and Calculus Capital financed the deal with debt provided by The Royal Bank of Scotland.

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NSEI makes second investment in PointOV

Online retailer PointOV, tipped to be the ethical version of Amazon, has received £800,000 in a funding round led by the NorthStar Equity Investors (NSEI) Co-Investment Fund. The funding comprises £500,000 from NSEI and £300,000 from business angels.

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Timely funding for MBO

In Time Watch Services (ITWS) has secured £1.75 million from its directors and Merseyside Special Investment Fund (MSIF) to support its management buy-out and future expansion. 

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Iceni backs Pell & Bales buy-out

A marketing services provider that assists charities and not-for-profit organisations with fundraising and campaigning has been bought by its senior management. Pell & Bales, which lists Cancer Research UK, Oxfam and the NSPCC among its clients, was sold by its co-founder for an undisclosed sum.