Lord Kalms of Edgware, the founder and now life president of Dixons, has joined the board of European soft drinks start-up Acorn Brands as chairman, while Fleming Family & Partners has made €100 million (£69 million) available to fund expansion.
A busy few weeks for buyouts and buy-ins have seen Octopus Asset Management throw its weight behind an MBO at security business CSL DualCom, through all four of its Eclipse VCT funds.
Electra Kingsway has supported a management buy-in at market research house FDS, providing finance for the deal via its first and second VCT funds. The new management team – headed by Charlotte Cornish and Richard Hepburn – also invested in the transaction.
Digital screen technology concern Avisis has raised £250,000 of working capital through an undersubscribed offer of five million ordinary shares at 5p per share.
ISIS Equity Partners has paid £5.7 million for a stake in Fisher Outdoor Leisure, backing the bicycle parts and accessories distributor’s £13.5 million management buyout.
Ingenious’ first Music VCT has completed only its second investment to date, backing the second album of Mercury Prize nominee Martina Topley-Bird. Nominated for the prestigious music industry prize in 2003 for her debut release Quixotic, Topley-Bird is now working on her new album.
ISIS Equity Partners has paid £5.7 million for a stake in Fisher Outdoor Leisure, backing the bicycle parts and accessories distributor’s £13.5 million management buyout.
Ingenious’ first Music VCT has completed only its second investment to date, backing the second album of Mercury Prize nominee Martina Topley-Bird. Nominated for the prestigious music industry prize in 2003 for her debut release Quixotic, Topley-Bird is now working on her new album.
Adviser and broker Corporate Synergy has successfully brought the UK's largest independent air conditioning, heating and chilled water systems installer to AIM, with a £20 million funding.
PPM Capital, the private equity arm of Prudential, has acquired information and communication technology consultant Azzurri Communications in a £182.5 million deal.
Northern Venture Managers has backed a management buy-in at mail order clothing retailer Nightingales, taking a £5 million stake in the business via its portfolio of VCT and private equity funds.
Broker Seymour Pierce is seeking to raise up £20 million for latter-day treasure hunter Deep6, which plans to use the cash to identify and recover high-value refined metals from deep-water shipwrecks, predominantly in the Atlantic.