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Bramhill gas ready for listing

David Bramhill – ex-boss of Oilquest and Cambridge Mineral Resources – will bring Nighthawk Energy to AIM with an £8 million to £10 million funding today.

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More PE funds should go public, says AIC

The Association of Investment Companies (AIC) has called for the Financial Services Authority (FSA) to ensure the rules governing the listing of private equity (PE) funds are liberalised to allow for the expansion of the sector.

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MBI makes a splash

Catering company Waterfall Services, which trades as Cater Plus Services, has been acquired in a management buy-in backed by YFM Private Equity and Clydesdale Bank.

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Park buys hamper business

Financial services specialist Park Group has expanded the products its Christmas hamper club can offer after it spent £300,000 on buying Home Farm Hampers. The consideration was paid in cash and funded from Park’s existing resources.

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Kenmore backs Avanta

Serviced office provider Avanta has been acquired by its management for an undisclosed sum. The deal was led by chief executive David Alberto and backed by Kenmore Private Equity (KPE).

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Drug testing company secures £1.4 million

Drug testing specialist Gentronix is to continue the development and marketing of its screening kits after it raised £1.4 million. The funding was led by NVM Private Equity, which invested £1 million for an undisclosed minority shareholding in the company.

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Maxima buys software company

IT systems and services specialist Maxima Holdings is to offer a new product to its construction clients after buying software company SevenThree. The £1.1 million deal has added a customer relationship management system to its business.

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Azurite admitted to PLUS

Newly-incorporated investment company Azurite Investments has joined PLUS Markets, placing 100 million shares at 1p each to raise £1 million.

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Maxima buys software company

IT systems and services specialist Maxima Holdings is to offer a new product to its construction clients after buying software company SevenThree. The £1.1 million deal has added a customer relationship management system to its business.

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Azurite admitted to PLUS

Newly-incorporated investment company Azurite Investments has joined PLUS Markets, placing 100 million shares at 1p each to raise £1 million.

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Investors losing interest in VCTs

Venture Capital Trusts (VCTs) are proving markedly less popular this tax year, says John Davey, VCT analyst at Bestinvest.

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TWMA eyes expansion

TWMA, a waste management company for the oil and gas industry, has received growth capital from US private equity firm Lime Rock Partners worth $50 million (£25.9 million).

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MCR buys Liverpool properties

MCR Property Group has expanded its operations into Liverpool from its Greater Manchester stronghold after it bought two buildings on Merseyside. The group has added student accommodation properties Agnes Jones House and Cathedral Campus to its portfolio in deals totaling £28 million.

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First investment for Scottish Venture Fund

Laser development company Intense has bought US rival High Power Devices (HPD) for an undisclosed sum.