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EFE and Bank of Ireland back CFM deal

Gas and electric fire manufacturer CFM Europe has been bought by Michael Miller, its managing director. The deal was backed by asset-based lender Enterprise Finance Europe (EFE) and Bank of Ireland.

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PLUS admits nanotechnology specialist

Advance Display Technologies (ADT), a developer of nanotechnology for the electronic and electrical equipment industry, has started trading on PLUS after placing 50 million shares at 50p each.

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Ryan lured by St Minver

Online games network operator St Minver has appointed Jim Ryan as CEO.

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Aberdeen backs Oliver Kay buy-out

Oliver Kay, a fruit and vegetable distributor, has been bought by a team of its managers led by the company’s eponymous founder. The buy-out team was backed in the £17 million deal by private equity firm Aberdeen Asset Managers Growth Capital.

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Milk company joins PLUS

National Milk Records (NMR), a holding company that supplies software to the dairy industry, has listed on PLUS Markets, placing 7.3 million shares at 43p each.

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Great expectations for Presence Networks

Presence Networks, an instant messaging service provider, has received £250,000 of investment from The Capital Fund. It is one of a series of investments in the company by the venture capital fund, which backs fast-growth businesses in London.

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AXA buys two insurance brokers

Insurance and asset management group AXA UK has strengthened its broking services business to the SME market after buying two companies. The group has bought insurance brokers Stuart Alexander and Layton Blackham in deals funded by its private equity business, Venture Preference.

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Child’s play costs Christy £21 million

Barclays Ventures has backed the £21 million management buy-out of Christy Group, a designer and distributor of children’s costumes, from a private shareholder group. The vendor has kept a minority stake in the company.

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AXA buys two insurance brokers

Insurance and asset management group AXA UK has strengthened its broking services business to the SME market after buying two companies. The group has bought insurance brokers Stuart Alexander and Layton Blackham in deals funded by its private equity business, Venture Preference.

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Child’s play costs Christy £21 million

Barclays Ventures has backed the £21 million management buy-out of Christy Group, a designer and distributor of children’s costumes, from a private shareholder group. The vendor has kept a minority stake in the company.

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Funding boost for creators of SuperTed

Animation company Calon has secured a capital investment of £600,000 from Finance Wales. Calon, the creators behind shows such as SuperTed and Sali Mali, hopes the funding will allow the company to take more control over intellectual property rights, while also building a presence in the digital arena through acquisitions.

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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.