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LDC backs CMG buy-out

Cable Management Group (CMG), a designer, manufacturer and supplier of conduit systems, electrical accessories and specialist plumbing tools, has been bought by its management. The financial terms of the deal have not been disclosed but it was funded by private equity firm Lloyds Development Capital (LDC).

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Truphone in £12.5 million funding round

Mobile internet network operator Truphone has secured £12.5 million in the largest initial round of venture capital funding in the European technology sector in 2006.

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ISIS backs £33 million offshore buy-out

Anglo Irish Trust Company has been bought by a team led by its managing director in one of the Isle of Man’s largest management buy-outs. The financial services provider was bought for £33 million in a deal backed by ISIS Equity Partners.

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OpenCloud secures venture capital

OpenCloud, a technology company for the telecommunications sector, has raised $10.25 million (£5.3 million) funding from Advent Venture Partners, No 8 Ventures and Motorola Ventures.

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Management buys furniture firm

Upmarket furniture retail company Willis & Gambier has been acquired in a management buy-out worth £55 million. The management team, led by founder Nigel Gambier and Bank of Scotland Integrated Finance, funded the deal with debt and equity.

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LDC backs travel company buy-out

The Advanced Travel Partner (ATP), a corporate travel and event management company, has been bought by its directors in a deal backed by Lloyds Development Capital (LDC), the investment business of Lloyds TSB, for an eight-figure sum.

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Plastic Logic secures $100 million

Plastic Logic, which develops plastic electronics for flexible displays and sensors, has raised $100 million (£51.7 million) in one of the largest financings in the history of European venture capital.

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NVM backs defence logistics company MBO

Venture capitalist NVM has invested almost £7 million in the £16 million management buy-out of Product Support, a logistic services provider to the defence industry.

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Plastic Logic secures $100 million

Plastic Logic, which develops plastic electronics for flexible displays and sensors, has raised $100 million (£51.7 million) in one of the largest financings in the history of European venture capital.

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NVM backs defence logistics company MBO

Venture capitalist NVM has invested almost £7 million in the £16 million management buy-out of Product Support, a logistic services provider to the defence industry.

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John Simpson opts for Enterprise Ventures

Enterprise Ventures, the Northern-based venture capital management company, has appointed John Simpson as finance director and as executive director to the boards of Enterprise Ventures and Enterprise Ventures Group.

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GenMed plans acquisitions

General Medical Clinics (GenMed) has joined PLUS Markets, valuing the primary medical care provider at £5.98 million. The company also raised £1.5 million by issuing 4.4 million shares at 34p each.

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Matrix closes year with two deals

Matrix Private Equity has invested a total of £8 million from its five VCTs after backing the management buy-outs (MBOs) of Pinewood Structures, a timber frame manufacturer, and Racoon International, a supplier of hair extensions.

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Companies losing sight of Combined Code

Non-executive directors at FTSE 350 companies need to take a stand andchallenge boardroom executives when it comes to achieving fullcompliance with the Combined Code, claims new research.

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