Freshfields Helps Axel Springer's £575M Telegraph Group Deal

By Najiyya Budaly

Politico owner Axel Springer SE said Friday that it will buy Telegraph Media Group for £575 million ($767 million) from RedBird IMI, beating a contentious rival deal from the owner of the Daily Mail.

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Clifford Chance-Led Bank To Buy Aviation Investor For £190M

By Tom Fish

Lesha Bank LLC said Friday that its subsidiary has agreed to acquire Amedeo Air Four Plus Ltd. in a recommended all-cash deal valuing the Guernsey-based aircraft lease investor at £190 million ($253 million).

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Acquisition Co. Marwyn Ends Talks With Palmer Street

By Dawood Fakhir

Blank check company Marwyn Acquisition said Friday that it has ended talks to acquire Palmer Street in a transaction that would have launched the private capital administrator onto the London Stock Exchange.

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Annington Sued By Trustees Amid £730M Bond Default Row

By Lucia Osborne-Crowley

Annington Funding PLC has been hit with a legal claim from its trustees over an alleged default on £730 million ($978 million) of debt linked to Annington's sale of thousands of U.K. military homes back to the Ministry of Defence.

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Roundup

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

By Laura Stewart Liberty

This past week in London has seen British American Tobacco sued by more than 100 investors, the government bring a claim against a COVID-19 supplier of personal protective equipment, Annington Funding sue its new corporate trustees on the Financial List, and Piers Morgan hit with a defamation claim from a pro-Israel barrister he interviewed on his YouTube channel. 

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Investor Beacon Completes 1st Stage Of LNEnergy Stake Buy

By Tom Fish

Energy investment company Beacon said Friday that it has acquired the first of two stakes in rival LNEnergy Ltd., giving it exposure to a gas field development in Italy.

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Roundup

Taxation With Representation: Slaughter And May, Kirkland

By Zak Kostro

In this week's Taxation With Representation, British insurer Beazley accepts a cash takeover offer from Zurich Insurance Group, a consortium of investors led by Blackrock's Global Infrastructure Partners and the EQT Infrastructure VI fund buys energy company AES, and private equity firm Thoma Bravo acquires third-party logistics provider WWEX.

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Brief

CMS Guides Enviro Services Biz On £6.8M Asset Sale Deal

By Irene Madongo

Hargreaves Services PLC said Friday it has formally agreed to sell the second chunk of a renewable energy land portfolio to Meadow Partners, a real estate investment company, for £6.8 million ($9 million) cash.

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Metals Miner Raises $8.4M To Fund Zimbabwe Gold Expansion

By Dawood Fakhir

Precious metals mining company Kavango said Friday that it has raised approximately $8.4 million in its latest share sale to fund its $13.5 million expansion plan for gold mining in Zimbabwe.

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