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Financial

Cambridge August deals hit $11.6 billion

Picture courtesy – AmgenA cancer-focused medical technology acquisition boom brought a record month as Business Weekly’s Cambridge Cluster Deals Digest for August hit $11.6 billion.

Baker Tilly acquires RSM Tenon

Laurence-LongeUK accountancy business, Baker Tilly has struck a deal to acquire the trading operations of stricken competitor RSM Tenon Group plc for an undisclosed sum.

Hot prospects for yoga business

ETHOS Hot Yoga Sports StudiosA specialist yoga business is looking to expand across the UK from its maiden venture in Cambridge and has called in financial expertise to accelerate its strategy.

Wealth management company acquired

Atkinson Bolton managing director, James BoltonAtkinson Bolton Consulting, the award winning wealth management and employee reward and benefit adviser serving the Cambridge business and technology cluster, has been acquired by UK pensions doyen Mattioli Woods plc.

Fin Capital pays £650k for Lloyds Bank outlet

78-80 Cherry Hinton RoadStrutt & Parker, acting for a private client, has sold the freehold investment of 78-80 Cherry Hinton Road, Cambridge to Fin Capital Limited for £650,000 – representing a net initial yield of 5.4 per cent.

Bank could hit four-year funding target in two

Cambridge & Counties Bank is jointly owned by Cambridgeshire Local Government Pension Fund and Trinity HallCambridge & Counties Bank this week celebrated its first anniversary by revealing that it has issued around £40 million in secured lending, made up of around 100 individual loans to small and medium-sized businesses.

Cambridge May deals hit quarter of a million dollars

Abcam CEO Jonathan MilnerSignificant deals involving Cambridge UK technology cluster companies topped a quarter of a billion dollars in May – taking the cumulative total in the last two months to around the $750m mark.

Transatlantic VC fund opens in Cambridge

Andrey-KesselA new, transatlantic VC fund has set up in Cambridge UK to back cutting edge technology ventures.

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