Analysis

Pharma M&A Surge Eases Biotech VC Exit Struggles

By Najiyya Budaly

Big pharmaceutical companies circling mature drug candidates as they seek to fill a revenue hole of more than $200 billion — created by a looming patent cliff — might provide respite to venture capital investors that have struggled to exit biotech companies since COVID-19, experts say.

Read full article » | Save to favorites »

Wildcat Petroleum To Quit LSE After Failed Acquisitions

By Najiyya Budaly

Wildcat Petroleum PLC said Friday that it will drop out of the main market in London and change its focus to gold after failing to complete any acquisitions of upstream oil assets.

Read full article » | Save to favorites »

Brief

Politico Owner Axel Springer Joins Bid For The Telegraph

By Najiyya Budaly

German publishing heavyweight Axel Springer confirmed on Friday that it has joined a consortium bidding for Telegraph Media Group, after a rival £500 million ($675 million) offer from the owner of the Daily Mail hit major bumps in the U.K.

Read full article » | Save to favorites »

Ex-Tech CEO Wins $2M For Firing Over China Deal Warnings

By Jamie Lennox

The former chief executive of a semiconductor business has won $2 million as a tribunal ruled that the company unfairly sacked him for blowing the whistle over the risks of increased Chinese involvement in the company.

Read full article » | Save to favorites »

Roundup

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

By Max Austin

The last week in London saw the founders of Getir sue investment fund Mubadala for more than $700 million tied to alleged breaches during the company's restructuring, the Welsh Rugby Union face a claim by Swansea Council over a proposed takeover of Cardiff Rugby, and Euro Car Parks target the Competition and Markets Authority after it was fined by the watchdog. Here, Law360 looks at these and other new claims in the U.K.

Read full article » | Save to favorites »

HSF Kramer-Led Swiss Re To Buy QBE Business Segment

By Tom Fish

Swiss Re Group said Friday its commercial insurance division has agreed to acquire the global trade credit and surety business of Australia's QBE Insurance Group, to satisfy growing demand for its risk management services.

Read full article » | Save to favorites »

HFW-Led Tullow Oil To Buy Ghana Floating Asset For $125M

By Tom Fish

Energy company Tullow said Friday that a subsidiary has agreed to acquire a majority stake in a vessel from T.E.N. Ghana MV25 BV for $125.6 million, to support its operations off the Ghanaian coast.

Read full article » | Save to favorites »

Aston Martin To Sell F1 Naming Rights For £50M

By Dawood Fakhir

British luxury car manufacturer Aston Martin said Friday that it is planning to sell its naming rights to Formula 1 team owner AMR GP for £50 million ($67.4 million) to raise capital after navigating "a highly challenging trading environment" in 2025.

Read full article » | Save to favorites »

Brief

Gowling Advises Helium Extractor On £7.4M Share Sale

By Irene Madongo

Helium extractor Pulsar Helium Inc. said Friday that it has raised approximately £7.4 million ($10 million) through issuing shares to help back its projects and provide working capital.

Read full article » | Save to favorites »

FCA Clarifies Conflicting UK Rules For Share Issuers

By Alex Davidson

The Financial Conduct Authority has clarified overlapping rules on how quickly banks bringing shares to the stock market must notify a regulatory information service such as the London Stock Exchange's RNS.

Read full article » | Save to favorites »

Sullivan & Cromwell Hires Paul Hastings Private Capital Pair

By Ashish Sareen

Sullivan & Cromwell LLP has boosted its private capital services in London with the hire of two senior partners from Paul Hastings LLP, continuing the firm's expansion in the English capital.

Read full article » | Save to favorites »