Following the flotation of high-pressure cylinder manufacturer Pressure Technologies on AIM, YFM Venture Finance has realised an annualised return of 125 per cent on its investment in the company.
Water technology developer Modern Water has announced its intention to float on AIM. The company is one of three subsidiaries of IP Group, which seeks to commercialise intellectual property (IP), and is the first of these to enter the public market.
Malaysian oil and gas services provider Plant Offshore is preparing a £22 million AIM flotation, supported by a £2.6 million placing arranged by HB Corporate.
Hong Kong entrepreneur Johnny Hon, the well-connected boss of AIM-quoted Chinese lottery operator Betex, plans to float yet another of his companies in London.
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.
Special situations private equity house Rutland has realised a £44.5 million return on its investment in pawnbroking business H&T, as a result of the company’s £54.2 million AIM float this morning. This represents a 2.9 times return on investment inside of two years.
NextGen Sciences, the Huntingdon- headquartered protein technology specialist, is looking to raise up to £2.4 million with the aid of adviser Seymour Pierce, ahead of its planned AIM flotation tomorrow.
Davenham Group, an asset-based lender to small and medium-sized companies, hopes to raise £27.5 million by floating on AIM in the near future, with the aid of broker Panmure Gordon.
Ample Gains Investment, which runs China's Shandong International Institute of Translation, hopes to float on London's OFEX private share market this autumn.
Phoenix Private Equity plans to put £14 million into demutualising the Pension Annuity Friendly Society ahead of an eventual share float or trade sale.
Gibraltar-based online gaming giant PartyGaming is poised to complete a reported $10 billion London flotation later this month, having assembled a powerhouse non-executive team headed by Sage chairman Michael Jackson.
