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Attractive figures emerge from Chrysalis

Chrysalis VCT, the trust that merged three VCTs into one, this week boasted of a ’very strong recovery’ since it became self-managed in April 2004, but admits the insubstantial £1.1 million raised before the end of the last tax year was ‘a disappointment’.

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Framlington picks Energetix

Two Framlington AIM VCTs, part of French insurance giant AXA’s asset management interests, have taken stakes of 1.39 per cent and 1.94 per cent in recently floated Energetix Group.

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Entrepreneurs thrive on independence

While financial gain may commonly be perceived as the main reason to start up an enterprise, research by YouGov shows an overwhelming 89 per cent of business owners rated independence to make their own decisions as a key benefit of running a business.

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Ex-Deloitte partner moves to Cobalt

Cobalt Corporate Finance, an European corporate finance adviser, has recruited Chris Williams, former corporate finance partner and global head of TMT (technology, media and telecommunications) at professionals services firm Deloitte, as its newest partner.

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Redhall buys nuclear engineering businesses

Redhall Group, an engineering support services outfit, has bought two specialist contractors to the nuclear industry. Redhall has added Steels Engineering Services and Steels Engineering Design to its portfolio following a £2.1 million deal.

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Management buys Purac from AWG

Process engineering specialist Purac has been bought by its management for £19.1 million from water services and infrastructure management group AWG. The buy-out team funded the deal alongside equity provided by Aberdeen Asset Managers Private Equity.

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Mitsui boosts Frontier’s funding

Integrated circuit supplier Frontier Silicon has been backed by Mitsui Private Equity in a £16 million funding round. The proceeds will develop Frontier’s semi-conductor systems for mobile TV and digital audio products.

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Endless buys Bernstein

Turnaround and regional buy-out fund Endless has bought kitchen manufacturer Bernstein Group. The deal, which was agreed for an undisclosed sum, is the firm’s second this year.

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Mitsui boosts Frontier’s funding

Integrated circuit supplier Frontier Silicon has been backed by Mitsui Private Equity in a £16 million funding round. The proceeds will develop Frontier’s semi-conductor systems for mobile TV and digital audio products.

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Endless buys Bernstein

Turnaround and regional buy-out fund Endless has bought kitchen manufacturer Bernstein Group. The deal, which was agreed for an undisclosed sum, is the firm’s second this year.

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iXpert receives £100,000

iXpert, a developer of software to assist lawyers with personal injury claims, has secured a six-figure investment from a consortium led by the Merseyside Special Investment Fund (MSIF). The company has received £100,000 from MSIF, The Royal Bank of Scotland and investor Business Liverpool.

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AIC names top performing VCT member

The Association of Investment Companies (AIC), the trade organisation for the investment company industry, has named ProVen Growth & Income VCT as its top performing VCT member in 2006.

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Bad month for technology venture

Beleaguered coatings specialist Micap has been forced into an emergency fundraising to stop it becoming insolvent...

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NeutraHealth buys third company

An investor in businesses that specialise in food-based health supplements and vitamins has bought its third company in two years. NeutraHealth has acquired Brunel Healthcare, a supplier of vitamins and supplements, for an initial £4 million in cash.

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