Growth Business UK | Deal Update | Latest Business Deals

IQ Capital Partners seals two deals

, 16 Mar 2010 16:18:20 GMT

Cambridge-based venture capital firm IQ Capital Partners has invested in multi-player online sports games company Power Challenge and spend analysis business Rosslyn Analytics. Law firm Mills & Reeve advised IQ Capital on both transactions

Amtech in debt-backed buy-out

, 11 Mar 2010 08:57:07 GMT

Software company Amtech, which serves the building services industry, has been bought out for £35 million by investment firm Primary in a deal backed by Lloyds TSB Corporate Markets. The vendor was HSBC Private Equity (Source: Birmingham Post)

Acquisition for Gresham portfolio company

, 05 Mar 2010 14:46:39 GMT

OJK, a professional services firm focused on the entertainment and sports sectors, has acquired the entertainment business of Birmingham-based accountants Michael Kay & Company. OJK is part of James Grant Group, which was formed following a £21 million management buy-out backed by Gresham Private Equity in August 2009

Digital Barriers joins AIM

, 05 Mar 2010 14:45:57 GMT

Homeland security company Digital Barriers has listed on AIM with a market capitalisation of £24.8 million, having raised £20 million before expenses. The company is founded by Tom Black and the former senior management team of Detica Group

British Seafood appoints administrators

, 05 Mar 2010 14:45:12 GMT

Four subsidiaries of bust food group British Seafood have appointed administrators. MCR is handling the wind-up of seafood wholesaler Seatek, Oriental Delight Foodservice and Vision Seafoods, while Evergreen Food Services has appointed MCR jointly with FGS Partnership

Halo Insurance Services launched

, 05 Mar 2010 14:41:32 GMT

Growing company investors Bridges Ventures and Magenta Partners have launched Halo Insurance Services, which aims to provide an alternative to the car insurance sold at car rental desks. In conjunction with the investment, details of which are undisclosed, SimplySwitch co-founder Alistair Tillen has joined Halo's board

Oxford Innovation and Fasset in tie-up

, 04 Mar 2010 13:00:01 GMT

SQW Group has announced that its subsidiary Oxford Innovation, an operator of "innovation centres", has acquired the business development arm of regional technology park operator Fasset. Innovation centres provide office and laboratory space to growing companies

A1 Grand Prix may return, says liquidator

, 01 Mar 2010 09:56:42 GMT

Tony Murphy, a partner at Bridge Business Recovery, which has been appointed joint liquidator of the A1 Grand Prix, says he is 'highly confident' that a buyer can be found for the company's assets, 'and with it the prospect of the A1 Grand Prix series returning to our TV screens at some point in the future'. The operating company went into administration in October

Investec acquires LeaseDirect Finance

, 01 Mar 2010 09:23:43 GMT

Private bank Investec has acquired 75 per cent of LeaseDirect Finance (LDF), a broker sourcing transactions for lenders. LDF retains its existing directors and management team, headed by Paul Buchanan, and will now cross-sell Investec products