U.S. private equity firms KKR and Stonepeak urged shareholders in property manager Assura on Monday to back their £1.6 billion ($2.1 billion) takeover offer, saying that a rival £1.7 billion bid could be financially risky and harmful.
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KKR, Stonepeak Take Swipe At PHP's Rival Bid For Assura

By Najiyya Budaly

U.S. private equity firms KKR and Stonepeak urged shareholders in property manager Assura on Monday to back their £1.6 billion ($2.1 billion) takeover offer, saying that a rival £1.7 billion bid could be financially risky and harmful.

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Dutch Investor Launches €4.1B Offer For Just Eat Takeaway

By Dawood Fakhir

Dutch investment group Prosus said Monday that it has launched a formal offer to acquire Just Eat Takeaway.com in a €4.1 billion ($4.6 billion) take-private deal to "build a Europe-based food delivery champion" after they reached a conditional agreement in February.

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Ex-Allen & Overy Chiefs Set Up Shop To Match PE, Law Firms

By Marialuisa Taddia

Two former Allen & Overy LLP senior partners have teamed up to launch a consultancy to advise private equity investors and family offices on investing in law firms in England and Wales and beyond.

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LITIGATION

Construction Co. Owes £27K To Worker Dismissed In Transfer

By Hanna Vioque

An employment tribunal has ordered Altrad Babcock Ltd. to pay £27,446 ($36,772) to an employee over a botched redeployment effort following an instance of "potential sexual harassment."

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CAPITAL MARKETS

Latham-Led Cobalt Buyer Confirms $230M IPO In London

By Tom Fish

Cobalt Holdings PLC confirmed on Monday that it will make an initial public offering in London backed by two major investors, in what could be the largest listing on the U.K. stock exchange so far this year.

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Fintech Firm IForex Plans London IPO To Fund Expansion

By Tom Fish

IForex Financial Trading Holdings Ltd. confirmed on Monday that it will launch an initial public offering on the London Stock Exchange to help fund its expansion into new and existing markets.

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BNP Paribas Launches €1B Share Buyback

By Irene Madongo

BNP Paribas began a share repurchase program worth up to €1.084 billion ($1.2 billion) on Monday, a move expected to lower the French banking giant's outstanding share capital.

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Brief

Gaming Biz XLMedia Proposes Cancelation Of AIM Admission

By Irene Madongo

XLMedia PLC proposed canceling its admission to trade its shares on London's Alternative Investment Market on Monday after selling its assets and returning cash to investors before liquidation.

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Brief

L&G Buys 75% Of US Property Investor Proprium Capital

By Dawood Fakhir

Legal & General said Monday that it has acquired a 75% stake in Proprium Capital Partners, a real estate private equity firm, to accelerate its growth and expand its geographic footprint in the European and Asian property sector.

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LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Ashurst LLP

Bowmans

Bryan Cave

CMS Cameron McKenna

Carey Olsen

DWF LLP

Davis Polk

De Brauw

Freshfields

Latham & Watkins

Mishcon de Reya

Nabarro LLP

Simpson Thacher & Bartlett LLP

Skadden Arps

Travers Smith

COMPANIES IN TODAY'S NEWS

BNP Paribas SA

Bank of America Corp.

Canaccord Genuity Group Inc.

Citigroup Inc.

Doosan Corporation

Euronext Amsterdam NV

Getty Images Holdings Inc.

Glencore PLC

KKR & Co. Inc.

Legal & General Group PLC

London Stock Exchange Group PLC

Morgan Stanley

Naspers

Solicitors Regulation Authority Ltd.

Stonepeak Infrastructure Partners

The Goldman Sachs Group Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

European Central Bank