Kia Petroleum gets firm commitments on AIM fundraising
IPO & City NewsA £5 million placing for Kea Petroleum is set to be used to fund facilities relating to flow testing and to drill further wells for its New Zealand-focused operations.
BYOD security business AirWatch tops up its Series A with help from Accel Partners
Enterprise hardware: AirWatch provides security for mobile devices
Mobile security business AirWatch has added to the $200 million Series A round it closed earlier in the year by securing an extra $25 million.
Capital pots: The number of cash shells in London is growing rapidly
London cash shells now hold £572.3 million for burgeoning businesses
Business NewsThe number of cash shells listed on London exchanges has grown from 64 to 91, the latest Cash Shells Directory finds.
Private equity deals have been hit hard in the first quarter
Private equity deal value takes hit in first quarter of 2013
Business NewsRaising bank debt considered an obstacle to completing transactions.
The government's plan to reduce red tape isn't working, according to some
Doubts over effectiveness of government pledge to cut red tape for business
Business NewsEyebrows are raised over an increase in the number of new laws introduced by the government.
Financial services: TransferWise has now handled £125 million of transfers
'PayPal Mafia Don' Peter Thiel leads funding round into Tech City start-up TransferWise
Fundraising DealsSkype's first employee has netted a $6 million (£3.9 million) investment from Valar Ventures, a venture capital firm set up by PayPal co-founder and early Facebook investor Peter Thiel, for his peer-to-peer money transfer business.
The funds raised will go towards further oil well participation
Oil and gas exploration company Magnolia Petroleum raises £1.5 million on AIM
Fundraising DealsUS onshore-focussed concern issues 60 million new shares.
Seven specialises in surveillance
Surveillance company Seven snaps up covert intelligence operator
Mergers & AcquisitionsDatong deal is worth £7 million, with YFM involved in the financing.
Latest Market Deals
Lekoil - LON:LEK
Weiss Korea Opportunity Fund - LON:WKOF
All Asia Asset Capital - LON:AAA
Helphire - LON:HHR
Redcentric - LON:RCN
One Media iP - LON:OMIP
Cambridge Cognition - LON:COG
Healthcare Investment Opportunities - LON:HIO
Electrical Geodesics - LON:EGI
Deal Update
MedicX Healthfund makes three acquisitions
kwittken + company acquires London's Epoch PR
YFM sells HS Atec stake
Sophos broadens security portfolio with Astaro acquisition
Oxygen Accelerator to ‘give away’ £75,000
New head appointed for LDC South
Aureos Capital makes fourth Indian exit
Endless backs TJ Hughes MBO
JP Morgan invests £2.75 million in social fund
The Content Group to partner RSD
Santander backs MediaCityUK with £22 million
More News
Crowdcube values itself at £7.1 million after ‘world record’ three-day fundraising
Fundraising DealsCrowdfunding platform Crowdcube has returned to its own service to secure additional capital for growth.
Shell Springboard winner Ventive closes first investment round with help from Angel Co-fund
Fundraising DealsVentive has followed up on being named as a regional winner in the Shell Springboard competition by securing £900,000 of funding from Mercia Fund Management and the Angel Co-fund.
Government dishes out £21 million to stimulate low carbon entrepreneurial innovation
Business NewsThe Department of Energy and Climate Change has allotted £21 million to a group of entrepreneurs bringing low carbon products to market.
TrialReach adds Octopus Investments to list of investors through £2 million venture capital deal
Fundraising DealsOctopus Investments has led a £2 million investment into clinical trials platform TrialReach alongside Amadeus Capital Partners.
Couple behind Tesco Clubcard take to angel investing and back Purple Seven
Fundraising DealsThe creators of the Tesco Clubcard are backing theatre analytics and targeting company Purple Seven through a seven-figure angel investment.
Made in Chelsea broadcast hire company closes management buy-out
Mergers & AcquisitionsThe former CEO of Carlton Television has been recruited as chairman of Procam TV as part of the company's management buy-out.
ISIS Equity Partners picks Red Box Recorders as first ISIS V fund investment
Mergers & AcquisitionsPrivate equity firm ISIS Equity Partners has backed the £14 million management buy-out of software firm Red Box Recorders.
Naming and shaming of banks leads to ‘significant improvement’ in Enterprise Finance Guarantee scheme lending
Business NewsLending to small and medium-sized businesses through the government's Enterprise Finance Guarantee has risen by £20.1 million over the last quarter of 2012/13.
Boris Johnson-endorsed start-up competition launched by Salesforce.com and three prominent venture capital firms
Business NewsSalesforce.com is teaming up with three UK venture capital firms to create a competition for European start-ups creating enterprise cloud apps on the company's platform.
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