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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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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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Nylacast division bought for £30 million

Bank of Scotland Integrated Finance (BoSIF) has backed the £30 million MBO of engineering firm Nylacast’s components division. The buy-out was led by the division’s managing director, Mussa Mahomed.

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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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Nylacast division bought for £30 million

Bank of Scotland Integrated Finance (BoSIF) has backed the £30 million MBO of engineering firm Nylacast’s components division. The buy-out was led by the division’s managing director, Mussa Mahomed.

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£1.2 million for medical device company

Medical device manufacturer Applied Neurodiagnostics (ANL) has secured £1.2 million in a funding package supplied by North Star Equity Investors, British angel investors and US-based Applied Science Group.

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PLUS admission for biotech firm

Analytical NanoTechnologies, which has developed biochemical monitoring products, has joined PLUS Markets, issuing 22 million shares to give the company a market capitalisation of £7.8 million.

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Investment firm in PLUS float

Investment company Oil and Gas Support Services (OGSS) has listed on PLUS Markets.

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RBS backs Michael Ward MBO

Michael Ward, a transport refrigeration specialist, has been bought by a management buy-out team. The deal was financed through debt provided by The Royal Bank of Scotland (RBS) in Bolton.