Nexage, a mobile advertising exchange, has closed an additional USD5m in funding from Hearst Interactive Media. With the USD5m financial investment, Hearst joins SingTel Innov8, Relay Ventures and GrandBanks Capital in Nexage’s Series B round totalling USD15m. The mobile advertising market is expected to grow to USD20.6bn by 2015 according

Tully & Holland acted as financial adviser to HSN and its subsidiary, Cornerstone Brands, in the sale of The Territory Ahead to Territory Ahead Apparel, an affiliate of Blackstreet Capital. Terms of the transaction have not been disclosed.   The Territory Ahead is a direct marketer of men’s and women’s

Middle market private equity firm Norwest Equity Partners has made a significant majority investment in Stanton Carpet, a distribution company offering a variety of decorative, branded soft floor covering products for the residential market. Founded in 1980 by Sy Cohen, Stanton maintains an active base of more than 3,500 customers

Four more businesses are benefiting from GBP5m of funding from the Scottish Loan Fund with the option to drawdown up to GBP9m. A total of GBP15m has now been committed to growth and exporting Scottish companies since the fund was launched. Improving access to finance to support company growth and

Quarter two insolvency figures released by The Insolvency Service show administration figures for UK retail have dropped from the first quarter of 2012.   The retail trade sector alone (not seasonally adjusted) showed an eight per cent reduction in the number of administrations compared to the figures recorded for Q1 2012,

Bowside Capital has held final closing of Bowside Capital Fund II, a fund specialising in the US private equity, small capitalisation market. Bowside Capital invests in US private equity funds with less than USD100m in committed capital, makes secondary purchases of limited partner interests in funds that meet its target

Water Street Healthcare Partners, a private equity firm focused exclusively on the healthcare industry, has closed its third private equity fund, Water Street Healthcare Partners III. The fund closed at its cap of USD750m of investor commitments, exceeding the original target of USD650m when fundraising began in early June. Investors

Foresight Group has completed a growth capital investment of GBP3.5m in Blackstar Amplification, a UK-based designer and manufacturer of guitar amplifiers and effects pedals. The invested capital will be used to restructure the company’s shareholder base and support the forthcoming launch of the ID:Series.  Having been in technical development for