Transactions UK

  • August 11, 2025

    Freeths-Led Accounting Biz Buys Baker Tilly Unit For €24M

    Accountancy business MHA PLC said Monday that it has completed its purchase of the southeast Europe subsidiary of tax adviser Baker Tilly in a cash and shares transaction worth up to €24 million ($28 million) in a bid to boost its growth ambitions.

  • August 11, 2025

    Mobile Tornado To Go Private, Drop AIM Listing Amid Changes

    Mobile Tornado Group PLC said Monday that it will delist its shares from the London Stock Exchange to operate as a private business going forward, citing "costs and regulatory burdens" and the facilitation of its plan to sell the company in two years.

  • August 11, 2025

    Royal London Secures £1B In Pension Deals Since Launch

    The Royal London Mutual Insurance Society Ltd. said it has secured at least £1 billion ($1.34 billion) in pension scheme liabilities since entering the de-risking market last year.

  • August 11, 2025

    Infrastructure Investor To Sell £32M Stake In Trains Firm

    International Public Partnerships Ltd. said on Monday that it has agreed to offload approximately 1.6% of its holding in Angel Trains, a locomotive leasing company, in a deal worth £32 million ($43 million).

  • August 11, 2025

    DWF-Led Gem Miner Sells Fabergé To Tech Investor For $50M

    Gemfields said Monday it has agreed to sell luxury jewelry brand Fabergé Ltd. to SMG, a U.S.-based investor, for $50 million, as the gem miner and marketer moves to streamline the business.

  • August 11, 2025

    Fieldfisher Advises Lithium Explorer On Raising £4.3M

    CleanTech Lithium PLC said Monday that it has conditionally raised £4.3 million ($5.8 million) by offloading shares to spend on additional licenses and working capital.

  • August 11, 2025

    Fintech Biz Plus500 To Return $165M To Investors

    Trading platforms operator Plus500 unveiled plans on Monday to return $165 million to shareholders through dividends and a $90 million stock buyback program as it reported increased revenue.

  • August 11, 2025

    Addleshaw Helps PIC On £4.3B Rolls-Royce Pension Deal

    Pension Insurance Corp. PLC said Monday that it has covered £4.3 billion ($5.8 billion) of pension liabilities for British aerospace and defense giant Rolls-Royce PLC to help streamline its business operations.

  • August 11, 2025

    Ørsted To Raise $9.4B After Delays To US Wind Farm Sale

    Denmark's wind power giant Ørsted AS said Monday that it plans to raise $9.4 billion with support from the Danish state as it blamed resistance by the U.S. government to wind power after Donald Trump took office for disrupting its investment plans.

  • August 08, 2025

    Aon Unit Expands In UK With Insurance Specialist Acquisition

    A subsidiary of global professional services firm Aon has acquired Bspoke Insurance Group Ltd. to expand its specialist insurance services in the U.K.

  • August 08, 2025

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

    This past week in London has seen the U.S. Securities and Exchange Commission target a British investor over a $10 million microcap fraud scheme, Merck Sharp & Dohme move against Halozyme Inc. following a recent clash over its patented cancer medicine, and Birmingham City Council sue a school minibus operator years after ending its contract over DBS check failures. Here, Law360 looks at these and other new claims in the U.K. 

  • August 08, 2025

    Latham-Led CVC Consortium Bids €299M For Cyber Co.

    Private equity company CVC Capital Partners PLC said Friday that it is leading a consortium to acquire WithSecure with a voluntary cash tender offer that values the Finnish cybersecurity business at €299 million ($348 million).

  • August 08, 2025

    UK Clears Boeing's $4.7B Spirit Aero Deal For Take-Off

    The Competition and Markets Authority said Friday that it has given the green light to Boeing's planned $4.7 billion move to buy aircraft parts-maker Spirit AeroSystems after finding that the deal will not harm competition in U.K. markets.

  • August 08, 2025

    Serco Launches £50M Share Buyback As Revenue Hits £2.4B

    Serco Group PLC has said it has launched a £50 million ($67 million) share buyback program to reward investors, as the U.K. government outsourcer reported revenue of £2.42 billion in its half-year results, led by its growth in the defense sector.

  • August 08, 2025

    Hill Dickinson Advises Fitness App Biz On AIM Float

    MedPal AI PLC said on Friday that it anticipates it will raise £1.6 million ($2.2 million) when it is admitted to trading on London's junior alternative investment market, which the fitness app business expects will happen later in August.

  • August 08, 2025

    KKR Tries To Steer NHS Landlord Away From Rival £1.8B Bid

    Private equity firm KKR made a final attempt on Friday to lure healthcare property manager Assura PLC away from a planned £1.79 billion ($2.4 billion) takeover by Primary Health Properties, claiming that its own terms offer more certainty to shareholders. 

  • August 07, 2025

    Ousted Big Tech CEO Denies £320M Conspiracy Claim

    The ousted chief executive of a company that makes security ankle tags has denied a £320 million ($430 million) claim, arguing that she had not caused the business loss or lied about her interest in its shareholders.

  • August 07, 2025

    Ardonagh Unit Exits BP Marsh In £23.6M Share Sale

    A subsidiary of British insurance giant Ardonagh Group sold its entire stake in investment firm BP Marsh & Partners PLC for approximately £23.6 million ($31.6 million) in a secondary placing, its broker Panmure Liberum said Thursday.

  • August 07, 2025

    Global Funding For Insurance Tech Cos. Declines 16.7%

    Global funding for insurance technology companies fell to nearly $1.1 billion between April and June, Gallagher Re said Thursday, marking a 16.7% dip from the previous three months.

  • August 07, 2025

    IFX Ends £3M Bid For Argentex After Administration

    Foreign exchange provider IFX Payments said Thursday it has formally terminated its plans to buy Argentex Group PLC two weeks after the troubled currency risk manager entered administration.

  • August 07, 2025

    Insurer Warns Of Pause In Pension Deals Over Gov't Reforms

    Many larger pension schemes have hit pause on plans to carry out insurance transactions while waiting on the government's plan for reforming the sector, an insurer warned Thursday, as it posted falling revenue from the first six months of the year.

  • August 07, 2025

    ABN AMRO Launches €250M Buyback After ECB Clearance

    ABN AMRO has launched a share repurchase program worth as much as €250 million ($292 million) after receiving regulatory clearance, a move expected to lower the Dutch bank's outstanding share capital.

  • August 07, 2025

    Banca Generali To Weigh €6.3B Takeover Bid By Rival Lender

    Italian lender Generali has said it still needs to evaluate a takeover offer from investment bank Mediobanca to acquire it for an estimated €6.3 billion ($7.3 billion) in a deal expected to spur consolidation in the banking industry.

  • August 07, 2025

    Osborne Clarke Leads Building Co.'s £167M Bid For Rival

    Laumann Stiftung & Co. KG said Thursday its subsidiary has agreed to acquire U.K. building products maker Epwin for £167 million ($224 million) in cash, as the German conglomerate seeks to expand internationally in the construction sector.

  • August 07, 2025

    Harbour Energy To Reward Investors With $100M Buyback

    British oil and gas producer Harbour Energy PLC unveiled a share buyback program of up to $100 million on Thursday, aimed at downsizing its share capital.

Expert Analysis

  • Challenges For Managers In Navigating Continuation Funds

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    With continuation vehicles becoming an increasingly popular alternative to traditional private equity investment exit routes, managers and lenders should be confident that they understand a transaction’s structure and how it interacts with existing debt arrangements, says Jason Larkins at Travers Smith.

  • What New UK Stub Equity Rules Will Mean For PE Bidders

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    The U.K. Takeover Panel’s recent guide to making stub equity offers, for the first time formally harmonizing the approach to be taken, should be helpful for both private equity bidders and practitioners, and not unduly restrictive, say lawyers at Davis Polk.

  • French Plans For Call-In Powers Signal More Merger Scrutiny

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    The French Competition Authority’s intention to draft a call-in mechanism for below-threshold transactions demonstrates a growing appetite to expand national investigation tools that will require a balance of effective control and legal certainty to reduce the burden on merging companies, say lawyers at Linklaters.

  • UK FDI Enforcement Continues, But Changes Are On The Way

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    With the U.K. government’s recent foreign direct investment investigation into Maple Armor’s increased shareholding in Fireblitz demonstrating the National Security and Investment Act’s wide scope, an announcement this month that certain transactions will no longer require mandatory notification represents a welcome simplification, says Matthew Hall at McGuireWoods.

  • What Cos. Must Note From EU's Delivery Hero-Glovo Ruling

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    The European Commission’s recent landmark decision in Delivery Hero-Glovo, sanctioning companies for the first time over a stand-alone no-poach cartel agreement, underscores the potential antitrust risks of horizontal cross-ownership between competitors, say lawyers at McDermott.

  • Weighing PE Transaction Risks As EU AI Act Rolls Out

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    As the European Union Artificial Intelligence Act becomes effective in stages, legal practitioners involved in private equity deals should consider the transactional risks resulting from this measure, including penalties, extraterritorial reach and target-firm applicability, say lawyers at Covington.

  • UK-EU Competition Agreement Signals Rebuilding Of Ties

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    The European Commission’s recent adoption of proposals to sign the European Union-U.K. competition agreement is a welcome first step toward better policy and enforcement convergence, providing a clearer legal framework for businesses to manage regulatory risk, says Charles Whiddington at Steptoe.

  • Takeaways From EU's Review Of Merger Control Guidelines

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    The European Commission’s newly launched consultation on the European Union’s merger guidelines will explore whether and how merger control should consider key policy objectives, such as innovation, investment incentives and security, say lawyers at Latham.

  • Identifying Data Center Investment Challenges, Opportunities

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    The role of data centers is expanding, as are new opportunities for private capital investors, but there are issues to consider, including finance models and contract complexity, as well as power supply, cyber threat resilience and data sovereignty, say lawyers at Ropes & Gray.

  • Anticipating A Shift In CMA Merger Control Enforcement

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    As the Competition and Markets Authority outlines plans to put the U.K. government's growth objectives into action, the changes may well pave the way for a more permissive outlook for review of mergers and acquisitions in the U.K., say lawyers at A&O Shearman.

  • Saxon Woods Ruling Tightens Rules On Director Good Faith

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    The recent Court of Appeal judgment in Saxon Woods v. Costa departs from the High Court's ruling, clarifying that a director's sincere belief they have acted in the company’s best interests is not sufficient to satisfy the statutory requirement to act in good faith, say lawyers at Covington.

  • Key Takeaways As EU And UK Impose New Russia Sanctions

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    The European Union and U.K.’s new sanctions on Russia, designating increasing numbers of non-Russian companies in the defense and shipping sectors, mean that organizations must examine from the outset whether a transaction has any nexus with the EU or the U.K., say lawyers at Sullivan & Cromwell.

  • What New FCA Private Stock Market System Could Offer Cos.

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    While the Financial Conduct Authority’s new secondary private stock market system will bring more control and less ongoing regulatory compliance than a public market, but because the regime grants a significant degree of flexibility to operators it may be some time before a full operational picture emerges, says Iain Wright at Morgan Lewis.

  • EU Telecom Merger Ruling Unveils Foreign Subsidies Analysis

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    The European Commission’s recent publication of its decision approving e&’s acquisition of certain portions of PPF Telecom Group reveals its approach toward and procedural expectations for the European Union’s Foreign Subsidies Regulation, offering valuable guidance on how the commission will conduct future investigations, say lawyers at Goodwin.

  • What EU 'Killer Acquisition' Study Means For Pharma Deals

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    The European Commission’s recent study of pharmaceutical companies' acquisitions of emerging competitive threats, the first of its kind globally, has important implications for the industry, and may lead to increased awareness of merger control risks in collaborative agreements, say lawyers at Paul Weiss.

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