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H.I.G. has acquired Torque to back fulfilment expansion and technology. Existing management remains in place as the UK logistics company targets added capacity, international capability, and strategic acquisitions.
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WSP has acquired Hulley & Kirkwood to deepen building expertise. The deal adds roughly 122 employees across seven UK offices and strengthens engineering capability in healthcare, defence, education, and government projects.
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NewRiver has launched a retail park partnership with Singaporean capital. Its first transaction is the £73.5m purchase of The Springs in Leeds, with NewRiver retaining a minority stake and management role.
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The Insolvency Service is shifting intervention earlier in financial distress. Its five-year strategy combines earlier guidance, faster recovery, stronger data sharing, and expanded action against abusive phoenix companies.
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RHI Magnesita has raised its pursuit of Vesuvius materially again. The latest cash-and-share proposal values each Vesuvius share at an implied 549p and has conditional backing from its largest shareholder.
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Co-op has offered asset sales to preserve its Southern acquisition. The CMA is considering disposals of 15 convenience stores and two funeral homes as a route to conditional clearance.
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Consumer borrowing accelerated in August while mortgage approvals weakened further. Bank of England data show faster credit-card and personal borrowing alongside softer housing activity and stronger corporate financing.
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HICL is investing £68m in Scandinavian rail freight operator Hector. The 42% stake will become its first “Enhancer” investment, adding greater operating-growth exposure to the London-listed infrastructure company’s revised portfolio strategy.
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CVC has withdrawn from the race to acquire Bodycote formally. Veritas Capital’s recommended 940p-per-share cash proposal is now the live transaction, although shareholder approval and the remaining scheme conditions are still required.
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Sainsbury’s Money has launched loans powered by NatWest Boxed technology. Savings follow in October as the retailer tests a partner-led financial services model after completing its withdrawal from standalone banking.