PPHE Says Fattal Hotel's £930M Bid Lacks Adequate Support

By Tom Fish

Hotelier PPHE said Friday that a proposal by Fattal Hotel Group to acquire the company cannot proceed under its existing terms after a major shareholder indicated that it would not support the deal.

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LADBible Owner Snaps Up Gen-Z Creative Agency For £27M

By Dawood Fakhir

LADBible owner LBG Media said on Friday that it has acquired a 75% stake in creative agency Uncovered Holdings Ltd. for up to £26.8 million ($35.4 million) as it seeks to strengthen its capability in social media content.

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Insurer-Led Innovations Aim To Cut Pension Buyout Delays

By Tom Fish

Britain's pension risk transfer market is innovating to accelerate the often-delayed process of moving defined benefit pension plans from buy-in arrangements to full insurance buyouts, according to a report from consultancy Hymans Robertson.

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Software Co. Sellers Deny Inflating Finances In Criteo Deal

By Sophia Dourou

Investors in a communications software provider have hit back against a £7.5 million ($9.9 million) claim brought by BidSwitch, denying that they fraudulently inflated the financial position of the company in an attempt to persuade the internet advertising broker to buy it.

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Roundup

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

By Megan Norcott

The past week in London has seen Royal Mail Pension Plan companies sue Wates Construction after investing in a Cambridge development project, law firm Ronald Fletcher Baker launch proceedings against several former partners and the rival firm they moved to, Lansdowne Law, and energy group VAROPreem bring an intellectual property claim against North Sea producer Viaro Energy and its chief executive. Here, Law360 looks at these and other new claims in the U.K...

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Cash Handler To Acquire Argentinian Rival For $19M

By Dawood Fakhir

Cash management company Loomis has agreed to acquire Argentinian rival Transportadora del Interior SA from Grupo Coinag for 27.5 billion Argentine peso ($19 million) to expand its presence in South America.

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Euronext Eases Listing Process For Smaller Companies

By Najiyya Budaly

The operator of Europe's major stock exchanges said Friday that it is simplifying the listing process for small and midsized companies to encourage startups to float on its growth market.

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Brief

Betting Tech Biz Kambi Launches $10.5M Share Buyback

By Irene Madongo

Kambi Group PLC has launched a buyback worth up to 100 million Swedish kronor ($10.5 million) as the betting technology provider seeks to reduce its share capital.

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Brief

IT Outsourcer Redcentric Plans To Return £90M To Investors

By Irene Madongo

Redcentric detailed a proposal on Friday to return up to £90 million ($119 million) to investors through buying back stock as it disclosed a plan to slash the size of its shareholder base.

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Sheppard Hires Ex-Simmons PE Vet To Lead London Office

By Ashish Sareen

Sheppard has hired a senior private equity partner from Simmons & Simmons to add to its transactional capabilities and take up the role of office managing partner in London.

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Morgan Lewis Hires Former Goodwin London Office Co-Chair

By Ashish Sareen

Morgan Lewis has hired a former co-chair of Goodwin Procter LLP's office in London to lead its European private equity practice.

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