Analysis

Anthropic Loophole Could Cost UK Secondary Listings

By Najiyya Budaly

U.S.-listed companies may shun secondary London listings if the City regulator leaves open a loophole that high-tech giants such as Anthropic and SpaceX have used to reach British retail investors, lawyers warn.

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Industrial Co. To Buy Navigation Software Biz In $700M Deal

By Irene Madongo

Heat exchanger manufacturer Alfa Laval said Friday it has agreed to purchase navigation software business Navtor for $700 million cash to strengthen its maritime digital platform.

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Skadden-Led Papermaker Eyes Exiting Europe

By Dawood Fakhir

Papermaker Sylvamo said Friday it plans to sell its distressed European business to a consortium of private equity firms Midas Atlantic Partners and The Najafi Cos. to exit the continent and focus on its North and Latin American operations.

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Clifford Chance-Led VKR To Buy Window Biz From PE Firms

By Dawood Fakhir

Danish investment company VKR will acquire window specialist StellaGroup from PAI Partners and ICG to expand its building materials portfolio, the companies said on Friday.

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Slaughter And May Guide Chesnara On Insurance Unit Buy

By Joel Poultney

Pensions and life insurance consolidator Chesnara said Friday it has agreed to buy the closed-book U.K. life insurance unit from MetLife Inc., in a deal steered by Slaughter and May.

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October Saw 'No Spike' In Insurance Distribution Mergers

By Joel Poultney

The number of mergers and acquisitions between insurance agencies in October hit the lowest monthly figure for the last decade, a financial adviser has said, noting that pre-budget dealmaking failed to materialize.

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Windhorst Says Broker Can 'Take The Keys' Over €27M Debt

By Ronan Barnard

German financier Lars Windhorst told a London court in a hearing Friday that a brokerage that his company Tennor Holding BV was ordered to pay €27 million ($30 million) could "take the keys" to Tennor's offices to enforce the debt.

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Poppy Grainger

The past week in London has seen Samsung sue Petrofac and its administrators, building materials giant Kingspan hit with two financial list claims by dozens of institutional investors, and Boehringer Ingelheim file a patent claim against fellow pharmaceutical company Sandoz amid ongoing conflict surrounding its empagliflozin type 2 diabetes drug.

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