Wasp Management Software, a company backed by LDC, has made a recommended cash offer for WorkPlace Systems, the AIM listed, SaaS workforce management software company.
The customer base of WorkPlace Systems includes Walmart in the US and Gala Coral, H&M and Metro Group in Europe.

SM Trust, working with Torch, invested more than £2M into FreeAgent to further accelerate their rapid growth. FreeAgent is a leading online bookkeeping and accounting system already used by over 12,000 freelancers and small businesses.

TelecityGroup acquired Data Electronics, Ireland’s leading provider of carrier-neutral data centres with a current combined capacity of 4,600 sqm and 4MW of customer power. The combination of Data Electronics and TelecityGroup establishes a platform to capture the strong demand potential for connected data centre services in Ireland and fulfil the growth requirements of existing customers.

Torch Partners acted as exclusive financial adviser to their long-term client Borro in helping source, arrange and structure a unique debt financing solution for this rapidly growing online financial services business. Borro is revolutionising the Pawnbroking industry and is set to become one of the most important alternative consumer credit companies created in the last 5 years.

LDC, the leading mid-market private equity arm of Lloyds Banking Group, acquired a majority stake in the UK2 Group, a leading international provider of domain name registration and web-site hosting services, in partnership with its management team. LDC will support management in building on the company’s position as the leading innovator in mass market hosting.

Torch Partners continue to advise Borro, a long time client, and the leading internet based pawnbroker. Borro has secured a further £7.5m of equity investment, led by new investor Augmentum capital. Borro is the first and largest online pawnbroker and is revolutionising a 1000 year old business model by offering consumers a fairer and more transparent deal.

21Net is a supplier of broadband internet and multimedia systems on board of trains with clients including Thalys and SNCF. 21Net raised a £6.5m Series-C financing round led by Innovacom, an experienced investor in the telecoms sector, to expand its commercial capabilities and operations globally.

TelecityGroup acquired Internet Facilitators Limited (IFL), a carrier neutral data centre in Manchester, UK with 1,600 sqm (1.4 MW) of high quality capacity. Offering a complementary strategic fit with TelecityGroup’s existing presence in the city, the acquisition also brought the potential for significant further growth.

Huddle is a leading inter-enterprise online collaboration tool which enables organisations and their employees to work together better both internally and with partners. Huddle raised a $10.2m equity financing round from Matrix Partners, a top-10 US VC, to expand to the US and continue their sales and marketing efforts.

Prominent Industry Angels with over 30 years combined experience working in the music business. The team at Livemusic.fm help find the best local gigs and the cheapest tickets online.

Lloyds Development Capital completed the acquisition of a majority stake in 1st The Exchange, wholly owned subsidiaries of Vertex, a portfolio company of Oak Hill Capital Partners.

SVTC bid for Evans Analytics Group a leading, fully integrated and independent materials characterization lab network delivering testing services.

Isango!, the world's leading provider of travel experiences is pleased to announce its Series A funding led by SPARK Ventures, with Beringea and existing investors contributing to the round.

Completion of a $60 million financing from a major investment bank, for the development of coal resources in Queensland, Australia.

Brains Direct announced the acquisition of Concise Group.

Inhoco 3236 plc, a special purpose investment vehicle backed by 3i and Oak Hill Capital Partners, announced a recommended £57.9m cash offer for data centre operator, Telecity plc.