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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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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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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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£15 million top-up for BSC VCT

British Smaller Companies VCT, which is managed by YFM Private Equity, is seeking to raise up to £15.375 million.