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A comprehensive assessment of AIM, examining how it has performed over the past 12 months.
Investment in cleantech is growing fast, but where is all the money going and how do you get your hands on it?
The amount of money in AIM- and PLUS-listed cash shells has increased 42 per cent on a year ago. The shells, which can offer companies a quick route to a public quote through a reverse takeover, had resources of £113.4 million at the end of June, according to research from growth company magazine Business XL.
The Original Smoothie Company, a recent entrant to the UK drinks market, is planning to raise £500,000 by a private placing of four million shares through corporate finance house City One Securities. The company will have a market capitalisation of about £1.75 million if the placing is fully subscribed.
A grower of watercress and other salad ingredients in the UK and Portugal is set to be acquired by RAR Group, a Portuguese private company. Hampshire-based Vitacress is to be sold for £52.5 million pending approval by the Portuguese Competition Commission.
The slowdown in activity on the junior market of the London Stock Exchange is set to continue, according to a poll of London-based nominated advisers (nomads) and brokers. An overwhelming majority of respondents (97 per cent) believe that there will be fewer than 70 flotations on AIM in the whole of 2008.
European private equity firm Cinven has agreed to acquire Partnership Assurance, a provider of annuities and long-term care plans, for around €200 million (£159 million). The vendor, Phoenix Equity Partners, claims to have made a return of 6.7 times its original investment.
