A consortium of UK institutional property owners, including British Land and Canary Wharf, team up with Marconi and Morgan Stanley Dean Witter Equity Funding to invest £15m in broadband service provider HighSpeed Office. The consortium and Morgan Stanley advised by Linklaters & Alliance (Andrew Brackfield). HighSpeed Office advised by Bird & Bird (Chris Barrett). Marconi advised in-house (Christopher Evans).
Technology company TCT raises £4m through a placing and open offer on AIM to finance its US and European sales effort. TCT advised by Morgan Cole (Bruce Potter). Beeson Gregory, the nominated adviser and broker to TCT, advised by Hammond Suddards Edge (Stuart Fleet).
Manchester-based mobile technology company Expansys buys global internet retailer 21store.com. Expansys advised by Halliwell Landau (James Sheridan). 21store.com advised by Thomas Eggar Church Adams (Neil Hart).
Red-M Communications raises £30m through private equity. Red-M advised by Bird & Bird (Neil Blundell). Apax Partners advised by Reynolds Porter Chamberlain (Tim Anderson).