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Plastics play for Octopus

Octopus Asset Management, which runs the Eclipse series of VCTs, has supported acquisitive plastics manufacturer Plastics Capital, investing £3.1 million alongside City broker Investec.

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Appian in £2m AIM float

OFEX-quoted traffic management and automated number plate recognition specialist Appian Technology is joining AIM after a £2 million JM Finn-advised placing at 5p.

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VC opens up new frontier

Frontiers Capital, the IT and communications-focused venture capital group, has assumed control over several new investments through the acquisition of rival Vesta’s entire portfolio.

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Shanks man backs ReEnergy

Roger Hewitt, who built up Shanks from a £6 million waste services company into a FTSE 250 giant, plans to repeat the feat through his new endeavour ReEnergy.

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Directors’ salaries on AIM

Recent months may have seen a flurry of new investment concerns with no trading businesses of their own arrive on the market, yet AIM companies continued to pay their chief executives an average of £137,000 last year, according to new research from Growth Business’ sister publication Growth Company Investor.

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£2.1m injection for Caretek

Needle-free drug delivery firm Caretek Medical has completed a £2.1 million fundraising, winning support from a variety of backers including the Oxford Technology 4 VCT and members of the Oxford Investment Opportunities Network.

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Barclays backs Uninterruptible MBO

Barclays Ventures has backed a management buyout of Uninterruptible Power Supplies to the tune of £15 million. The MBO by the incumbent management team was led by managing director David Bond.

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Gresham suits BIMBO

Former chief executive of Moss Bros and Bluewater Adrian Wright has led a buy-in management buyout of menswear retailer The Speciality Retail Group backed by Gresham Private Equity.

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Barclays backs Uninterruptible MBO

Barclays Ventures has backed a management buyout of Uninterruptible Power Supplies to the tune of £15 million. The MBO by the incumbent management team was led by managing director David Bond.

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Gresham suits BIMBO

Former chief executive of Moss Bros and Bluewater Adrian Wright has led a buy-in management buyout of menswear retailer The Speciality Retail Group backed by Gresham Private Equity.

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Quester’s flu boost

A company in which technology specialist VCT manager Quester has invested stands to receive a boost from rising fears over a possible Avian flu outbreak. The investment group backed PowderMed via the Isis College Fund it manages, in an initial £20 million fundraising in May 2004.

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Cartucho fills up for float

Investment bank Collins Stewart is looking to raise up to £10 million for Cartucho, a UK-based developer of ink-cartridge refill kiosks, ahead of the company’s planned AIM float in early December.

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Davenham float aids Dunedin

Private equity house Dunedin Capital is on the verge of securing an £11.2 million cash windfall, as a result of portfolio company Davenham’s imminent £65 million AIM flotation.

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Direct Petroleum targets AIM

Denver-based Direct Petroleum plans to raise £43 million, with the aid of broker Williams de Broe, for exploration in Morocco and Bulgaria before listing on AIM.