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Rubicon heads to market

Rubicon Software, which develops customer relationship management applications for the financial services sector, is eyeing an AIM launch for 6 September – having raised £770,000 (£430,000 net of expenses) from investors with the aid of broker and adviser WH Ireland.

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Velosi looks to AIM

Velosi, which offers a range of services to the oil and gas sector, is currently in the throws of a £10 million share placing ahead of its imminent AIM arrival.

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Bridges catches Chill

Bridges Community Ventures has committed £3 million to a new project to build England’s first real snow Alpine village.

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Probability’s AIM call

Mobile gambling services business Probability is seeking to raise just over £4 million from investors (through a placing at 76p) ahead of its anticipated AIM launch later this month.

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Lion gobbles Kettle Chips

Private equity house Lion Capital is set to swallow premium crisp maker Kettle Foods. London-based Lion should complete the transaction within a month, once the regulators have digested the details.

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Matrix assumes full control at TriVen

TriVen, one of only two VCTs hitherto presided over by a triumvirate of fund managers, is to pass control of its entire portfolio of Matrix Private Equity as it bids to ‘streamline’ its structure and ‘improve shareholder returns.’

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Mergermarket boost for Beringea

Beringea, operator of both the ProVen and ProVen Growth & Income VCT funds, is set for a major cash windfall – courtesy of the Financial Times’ £101 million acquisition of portfolio company mergermarket. The deal sees both trusts realise substantial gains on their previous investment valuations.

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Cash hit for IXICO

IXICO, a spin-out company from London University, has drummed up £930,000 in its first institutional fundraising, from The Capital Fund and a number of private investors.

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Mergermarket boost for Beringea

Beringea, operator of both the ProVen and ProVen Growth & Income VCT funds, is set for a major cash windfall – courtesy of the Financial Times’ £101 million acquisition of portfolio company mergermarket. The deal sees both trusts realise substantial gains on their previous investment valuations.

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Cash hit for IXICO

IXICO, a spin-out company from London University, has drummed up £930,000 in its first institutional fundraising, from The Capital Fund and a number of private investors.

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Ingenious backs The Invisible Band

Media-industry investment business Ingenious has signed its second deal with record label Independiente, having agreed to invest an initial £2 million in the production of melodic Scottish pop-rock outfit Travis’ fifth album. Both of Ingenious’ Music VCTs are involved in the deal.

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JumpTV tunes into AIM

Canadian media group JumpTV – which broadcasts a range of subscription-based ethnic television channels via the internet – is seeking to raise up to £31.4 million from investors, ahead of a planned AIM float next Thursday. Canaccord Adams is acting as broker and adviser to the float.

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PHF backed by Bridges

Nottingham-based healthcare administration business PHF Services, has received £600,000 of expansion capital from Bridges Community Ventures, the investment group that specialises in backing businesses based in the UK’s most deprived areas. Formed in 2003, PHF makes its money through the provision of ‘virtual secretarial and billing services,’ for doctors.

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Optos opts for main over AIM

Optos, a leading medical technology company, joined London's main market in February 2006 and raised £30 million in primary proceeds in the process. But why did it go main, rather than to AIM?

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