FCA To Revisit Listing Rules Introduced For Investment Funds

By Najiyya Budaly

The Financial Conduct Authority said Tuesday that it will review the listing rules that investment funds must follow when they decide to float in London after receiving resistance from the industry.

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3 Firms Build $3.25B Sale Of MW Components, CPM

By Jade Martinez-Pogue

Private equity shop American Securities on Tuesday announced that it has agreed to sell two of its portfolio companies to U.K.-based Rosebank Industries Plc in a deal that boasts an enterprise value of $3.25 billion and was built by three firms.

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BasePoint Sees Fall In Support For £543M Buyout Offer

By Dawood Fakhir

U.S. specialist finance group BasePoint Capital said Tuesday that the number of shares backing its £543 million ($723 million) takeover offer for lender International Personal Finance has dropped.

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Allianz, TotalEnergies Partner On €500M Battery Storage Deal

By Dawood Fakhir

AllianzGI said Tuesday that it has worked with TotalEnergies SE to develop €500 million ($580 million) worth of battery storage projects in Germany, entering the green energy storage market for the first time.

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Smiths Group To Buy US Engineer DRC For £164M

By Tom Fish

Engineering company Smiths Group said Tuesday that it has agreed to acquire U.S. cooling systems manufacturer DRC Heat Transfer for £164 million ($218 million) to strengthen its presence in the growing data center and industrial power generation sectors.

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Industrial Products Co. Buys Automation Biz For Up To £30M

By Tom Fish

Industrial products distributor RS Group PLC said Tuesday that it has acquired BPX Group, a specialist automation equipment distributor, for up to £30 million ($40 million) to expand its presence in the manufacturing sector in the U.K. and Ireland.

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Broadstone To Buy Financial Services Consultancy Rockstead

By Joel Poultney

Retirement savings consultancy Broadstone said Tuesday that it has agreed to acquire another consultancy that advises on financial services in a move to expand its banking and credit advisory services.

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Monthly Merger Review Snapshot

By Matthew Perlman

The U.S. Department of Justice got its antitrust case against Live Nation and Ticketmaster teed up for trial, as a court continues mulling the department's settlement last year in a case challenging a deal by Hewlett Packard Enterprise, and lawmakers call for scrutiny of Paramount Skydance's blockbuster acquisition of Warner Bros. Discovery.

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Brief

Ashurst Advises Infrastructure Co. Kier On Shares Buyback

By Irene Madongo

Kier Group PLC began a program to repurchase shares of up to £25 million ($33 million) on Tuesday, a move the infrastructure services firm said it expects will lower its share capital

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Brief

UK Car Distributor Inchcape Begins £175M Share Buyback

By Irene Madongo

Vehicle distributor Inchcape PLC on Tuesday launched a program to buy back shares worth up to £175 million ($233 million) to reduce the company's share capital.

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DLA Piper Fills Out Finance Team With 3 Akin Partners

By Tracey Read

DLA Piper has brought on three former Akin Gump Strauss Hauer & Feld LLP finance partners, one of whom was tapped to lead its new cross-border, multidisciplinary global capital solutions team.

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