Asset management giant Aberdeen Group PLC said Thursday it would take over as the sponsor of the £1.2 billion ($1.6 billion) Stagecoach pension scheme, in a landmark deal steered by Slaughter and May, A&O Shearman and CMS Cameron McKenna.
Asset management giant Aberdeen Group PLC said Thursday it would take over as the sponsor of the £1.2 billion ($1.6 billion) Stagecoach pension scheme, in a landmark deal steered by Slaughter and May, A&O Shearman and CMS Cameron McKenna.
Mayflower Acquisition Ltd. said Friday it has raised $500 million in an initial public offering on the London Stock Exchange's main market, which the special purpose acquisition company will use to fund a corporate takeover.
Petershill Partners PLC, a private equity investor owned by Goldman Sachs, said Friday that it will no longer trade on the London Stock Exchange after "significant" macroeconomic and geopolitical headwinds forced it to announce the decision in September.
Nordic Capital has denied it is liable to pay £15 million ($20 million) to Addere Capital as a success fee for its takeover of wealth manager Hargreaves Lansdown, saying in a London court filing that the financial adviser had not come up with the idea.
This past week in London has seen Mozambique sue the late tycoon Iskandar Safa's family and Privinvest amid the wider $1.9 billion "tuna bond" fraud case, Entain face a claim from a major U.S. pensions agency, and a Mexican lawyer accused of embezzlement bring legal action against Travelers Insurance Co.
British safety technology business Halma said Friday that it has acquired E2S Group, a hazard detection device maker, for £230 million ($307 million) to expand its fire alarm systems portfolio in a deal guided by Nixon Peabody LLP and Osborne Clarke LLP.
Mergers and acquisitions activity in the U.K. insurance-distribution sector is set to have had a much quieter year, with acquisition volumes falling 34% in the first 11 months of 2025, according to a study published Friday.
European insurance giant Swiss Re AG said Friday it will launch an annual share buyback program starting in 2026, adding that it will repurchase $500 million of shares every year after that.
