Tangle Teezer, the British hairbrush company famously rejected by Dragons’ Den panellists seventeen years ago, has been acquired by French consumer goods giant Bic in a deal worth €200 million. Founded in 2007 by former hairdresser Shaun Pulfrey, 63, Tangle Teezer was initially met with scepticism by investors including Peter Jones and Deborah Meaden on […]
SME manufacturers in the north west of England will benefit from an additional £230,000 in funding to accelerate the adoption of advanced digital technologies and strengthen their competitiveness. The Department for Business and Trade (DBT) has awarded the extra funding to Made Smarter Adoption North West, enabling at least ten more businesses to introduce transformative […]
Abu Dhabi’s sovereign wealth fund is set to acquire the automotive division of McLaren, the renowned British supercar manufacturer, in a move that reshapes the ownership of one of the UK’s most iconic motoring brands. The deal follows a difficult period for the Woking-based firm, which recorded a record annual loss of £924 million in […]
McWin Capital Partners, the European food-focused investment firm, is reported to be in early talks to acquire Gail’s, the much-loved but premium-priced UK bakery chain, according to a report by Bloomberg. The news comes hot on the heels of Gail’s owners hiring Goldman Sachs to prepare an auction, amid widespread speculation that the brand could […]
The Financial Conduct Authority (FCA) has come under fire for its stringent regulation of the crowdfunding industry, which critics claim is stifling investment and cutting off vital funding streams for small and medium-sized enterprises (SMEs). The UK Crowdfunding Association (UKCFA) has warned that these regulations could cost the economy billions of pounds in lost investment. […]
Donald Trump’s re-election as President of the United States could lead to a significant shift in Chinese investment, with a potential $33 billion “up for grabs” for the UK, according to leading UK-based venture capital firm Fuel Ventures. The firm believes that the changing dynamics in US leadership will encourage Chinese investors to look beyond […]
The UK’s space sector is expanding at a pace surpassing the overall economy, contributing over £17.5 billion annually and employing more than 45,000 people. Supporting £360 billion in economic activity through satellite infrastructure, the industry has become a significant player on the global stage. Merger and acquisition (M&A) activity within the sector has surged over […]
Socium, an all-in-one HR management platform based in French-speaking Africa, has secured a $5 million funding round to expand its services and become the go-to HR solution for mid-sized companies in the region. This funding follows a previous $1.1 million round in August 2022, highlighting the company’s rapid growth despite a broader slowdown in African […]
Ferguson Whisky Limited, a Glasgow-based company specialising in rare whisky investment opportunities, has secured a £450,000 funding package from Virgin Money, backed by UK Export Finance (UKEF). The funding will support the purchase of whisky stock, enabling the company to expand operations and meet growing international demand. Founded in 2021 by CEO David Ferguson, the […]
Virtue Drinks, the UK’s fastest-growing clean energy drink brand, has announced the successful closure of a £2 million investment round. This latest funding brings the company’s total investment to over £5 million. Notable investors in this round include James Watt, co-founder of BrewDog—Europe’s largest craft beer brand—and Eberechi Eze, Premier League footballer and England international. […]