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IPCC looks for £4.5m

Pharmacy and healthcare sector aspirant Independent Pharmacy Care Centres (IPCC) intends to raise a net £4.5 million through a private placing, with the aid of business angel network Beer & Partners.
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Noble buys Sitka

Specialist healthcare investor Sitka, founded by former Schroders venture capitalist Gerard Tardy and Dr Louis Nisbet, who built up quoted biotech Xenova, has been bought by Noble Fund Managers.
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No relief for VCTs

Managers of Venture Capital Trusts (VCTs) were disappointed that the Pre-Budget Report failed to spell out future plans for the tax reliefs the trusts currently enjoy.
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Downing dismisses managers

Downing Classic VCTs 1, 2 and 3 have severed all links with Classic Fund Management Ltd, the company run by ex-Baronsmead boss Richard Hargreaves and Graham Spooner, earlier than expected.
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Nurseries seek EIS backing

Two children’s day care companies have launched fundraisings, under the Enterprise Investment Scheme (EIS), to attract over £5 million each from investors keen to back ventures with significant freehold assets.
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Games group seeks another £5m

After raising £1.3 million for F4G Software, to back project management to develop new computer games, Noble & Co is now after another £5.15 million for F4G. It wants investors to subscribe at least £3,090 each at 103p a share, against 100p last time, for F4G (which means ‘funds for games’) with a minimum target of £500,000.
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Published by Vitesse Media plc, 95 Aldwych, London WC2B 4JF 020-7430 9777 e-mail taxguide@growthcompany.co.uk
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