UK - Northern Venture Managers (NVM) has backed the £5m management buy-in/buy-out of Arrow, the Hull-based industrial doors group.
NVM played a key role in the purchase, providing £1.75m of equity funding and assembling a new management team. Barclays Bank provided additional funding of £3m.
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.