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Public housing finance is backing a new rental investment fund. The National Housing Bank has committed up to £70m to FRESH, which targets a portfolio exceeding £1bn.
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Findel has acquired Gym Gear to expand commercial fitness capabilities. The Preston business adds 26 employees, specialist equipment supply, and complete gym design and installation services.
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Strive Capital has acquired Jigsaw24 to expand Academia’s technology operations. The two businesses will form a group generating approximately £350m in annual revenue across commercial and public-sector markets.
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Iwoca is considering an exit opportunity for longstanding venture investors. The small business lender increased annual revenue to £366m and expanded lending volumes as shareholders consider liquidity options.
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Caunton Engineering increased turnover despite a steep annual profit decline. The Nottinghamshire steelwork specialist reported £90.1m in revenue, while pre-tax earnings fell to approximately £258,000.
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M Group has acquired HVSS to expand electricity infrastructure services. The transaction adds more than 120 employees and specialist engineering capabilities covering high-voltage connections up to 132kV.
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MHA’s latest revenues increased as acquisitions expanded its overseas presence. First-half turnover is expected to reach £134.6m, up 11%, with acquired businesses contributing seven percentage points of growth.
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BP generated stronger earnings and cash during its latest quarter. Underlying profit reached $8.46bn as refining margins and gas trading improved, while net debt fell by $8.4bn.
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Spire shareholders have endorsed the proposed private healthcare takeover deal. The £1bn acquisition has cleared its shareholder approval conditions but still requires FCA clearance and court sanction.
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Mobico shareholders have been offered cash for their transport group. The Cosmen family and Asterion have agreed a 46p-per-share offer, valuing the equity at £308m and the enterprise at £2.323bn.