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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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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.

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NVM backs second Promanex buy-out

The founder of a Warwickshire-based support services provider to the industrial sector has bought the business for the second time. Mark Dixon remains chief executive of Promanex Group after leading a secondary buy-out with the backing of NVM Private Equity.

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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.

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NVM backs second Promanex buy-out

The founder of a Warwickshire-based support services provider to the industrial sector has bought the business for the second time. Mark Dixon remains chief executive of Promanex Group after leading a secondary buy-out with the backing of NVM Private Equity.

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Streetcar shows desire

The UK’s largest pay-as-you-go car club, Streetcar, has received £6.4 million funding from London-based private equity firm Smedvig Capital.

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Midven backs Alzheimer’s research

Cytox, a university spin-out that creates diagnostics tests and therapeutic cures for Alzheimer’s disease, has raised £1.25 million from Midven, NESTA and angel investors including members of Cambridge Angels and Cogent Lifesciences.

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VASTox completes double deal

Biotechnology company VASTox has strengthened its drug discovery pipeline and pharmaceutical services business after it bought two companies. The Oxfordshire-based group has spent £16.5 million adding drug discovery company DanioLabs and specialist carbohydrate chemistry service Dextra Laboratories to its operations.

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Petrra secures funding

Technology firm Petrra has secured venture capital in a funding round led by investment firm Synergis Technologies. Petrra has developed a medical device known as a ‘PET scanner’, which is able to diagnose heart disease and cancer more quickly and cheaply than existing models.

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