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Durham-based company Anglo Scottish Asset Finance Ltd has announced the completion of a management buyout (MBO) to take back control of the business. The investment is backed by a consortium of UK-based funders, the company’s original founding directors, wider management team, existing employees, and contractual agents. Founded in 2007, the finance brokerage was then acquired by McMillan Shakespeare Group, a publicly listed Australian company, in 2015.

Praetura Commercial Finance, an asset finance partner, has provided a £17 million funding facility to Community Foods. This strategic move positions Community Foods for an expansion plan set to unfold in 2024. Community Foods, based in Witham, Essex, supplies retail-ready and bulk ingredients to major grocery and manufacturing clients and is one of the UK’s top suppliers.

The UK commercial vehicle finance company Asset Alliance Group has signed a three-year corporate partnership agreement with international development organisation Transaid. By becoming a corporate partner, Asset Alliance Group will contribute time, knowledge, and resources to support Transaid’s road safety and access to healthcare projects across sub-Saharan Africa, where it has been working to save lives for more than 25 years.

CODIX, a global software provider, has entered a strategic partnership with Lenvi, a fintech specialising in B2B consumer and commercial lending software and solutions. This collaboration aims to help finance firms and fintech companies identify fraud and meet compliance requirements. In a statement, the company said that the goal is to enhance effective risk management for over 50,000 iMX users across 50 countries.