Acquisitive pet-food group The Nutriment Company has snapped up another UK business, buying cat-food supplier Purrform.

Grupo Bimbo has lowered its full-year revenue guidance due to the impact of the strength in the local currency on its top-line growth.

The future of Mighty Drinks has been secured by administrators with the dairy-free milk alternatives brand sold to The Mighty Kitchen.

Davis Polk & Wardwell ranked highest by deal value, while Kirkland & Ellis worked on the most transactions by volume.

Advocates of soil hydrogels say the emerging technology improves soil water retention and prevents desertification.

Swedish investment firm Fidelio is set to buy Nordic Capital’s majority stake in fresh-produce group Greenfood.