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Transactions UK
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September 18, 2025
Investor EQT Wraps Up Deal For Majority Stake In Energy Biz
Swedish investment firm EQT said Thursday that it has completed its acquisition of a majority stake in natural gas producer Waga, paving the way for a full takeover of the business.
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September 18, 2025
CMA Weighs Probe Into Primark Owner's Planned Hovis Deal
The Competition and Markets Authority urged "interested parties" on Thursday to comment on the potential acquisition by Associated British Foods PLC of bread company Hovis Group Ltd.
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September 18, 2025
Lender Amigo To Become A Cash Shell, Seeks Takeover
Amigo Holdings PLC has said that it will become a company with only cash assets and seek a reverse takeover target after making progress on the planned liquidation of its troubled subprime lending arm.
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September 17, 2025
William Fry Adds Eversheds Ireland Corporate Team Of 12
William Fry LLP said Wednesday it has hired a 12-strong corporate and mergers and acquisitions team from Eversheds Sutherland Ireland, as the Dublin-based firm takes steps to bolster its practice months after a planned merger collapsed.
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September 17, 2025
Ex-Consultancy Execs Liable For £2.4M Over Misleading Sale
A Birmingham court has ordered the former owners of a technology consultancy to pay more than £2.4 million ($3.3 million) in damages for selling the company under the misleading impression that some of its client contracts were more profitable than they really were.
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September 17, 2025
Investors In Diversified Energy To Sell Shares Worth $78.5M
Diversified Energy said Wednesday that stakeholders plan to sell shares in the listed company worth $78.5 million in a secondary offering, as the oil and gas producer reports strong growth.
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September 17, 2025
Brexit Factors Blamed For UK's Sluggish IPO Flows
Brexit has deprived companies listed in London of an open gateway to European Union investors, forcing many startups to look elsewhere for an opportunity to raise capital, European advisers say — which has led to a prolonged slump of initial public offerings on the London Stock Exchange.
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September 17, 2025
Software Support And Training Biz Pennant To Raise £1.25M
Pennant International Group PLC has said that it plans to sell shares to raise £1.25 million ($1.7 million) which the software support and training business intends to use to invest in its products and boost its working capital.
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September 17, 2025
Dentons-Led REIT To Close, Sell Portfolio For £646M
PRS said Wednesday that it has agreed to sell its property portfolio to a vehicle controlled by Waypoint Asset Management Ltd. for £646.2 million ($882 million) and then liquidate the real estate investment trust.
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September 17, 2025
Latham, Vinge Advise Verisure's €3.1B Stockholm Float
Swiss security company Verisure said Wednesday that it plans to raise €3.1 billion ($3.7 billion) during a planned initial public offering on the Nasdaq Stockholm in the latest sign of revival for the European listings pipeline.
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September 17, 2025
Building Biz Galliford Plans Share Buyback Of Up To £10M
Galliford Try unveiled plans on Wednesday for a share buyback of up to £10 million ($14 million) as the building and infrastructure business looks to reward investors and downsize its share capital.
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September 16, 2025
Oakley Capital Investments Adds Extra £25M In School Group
Oakley Capital Investments Ltd. said Tuesday it is strengthening its presence in the growing primary and secondary education sector, after one of its funds agreed to inject £25 million ($34 million) into Affinitas Group, a schools group which operates in Latin America and Europe.
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September 16, 2025
Conister Bank To Work With Fintech Biz On Overdraft Product
Conister Bank said Tuesday that it will work with financial technology company Fiinu to introduce an overdraft product in the U.K. using open banking rules.
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September 16, 2025
Eversheds Guides £250M Pension Deal For Defense Co.
The U.K. arm of global defense contractor Ultra Electronics Holdings Ltd. has agreed a £250 million ($341 million) full-plan pension buy-in with Just Group, the financial services company said Tuesday.
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September 16, 2025
CMA Considers Probe Into Housing Biz's £723M Bid For Rival
Britain's antitrust authority said Tuesday that it is considering whether a proposed £723 million ($986 million) takeover by student accommodation developer Unite of rival Empiric might harm competition in the U.K.
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September 16, 2025
Trustpilot To Hand Back £30M To Shareholders In Buyback
Trustpilot Group PLC said Tuesday that it will reward investors with a buyback worth up to £30 million ($41 million), as the consumer reviews platform moves to return to shareholders excess capital "not required for other priorities."
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September 16, 2025
Anglo American, Codelco Enter Into $5B Copper Mine Deal
Anglo American said Tuesday that it has finalized a $5 billion agreement with Chilean state-owned Codelco to jointly operate their copper mines as it reaffirmed its commitment to the in-demand metal, days after reaching a $52 billion deal with Canada's Teck.
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September 15, 2025
Tech Co. Denies Ex-Directors' Claim Of Share Sale Conspiracy
A telecommunications technology company has denied owing its former directors more than £8 million ($11 million) for allegedly tricking them into selling their shares for less than their potential value, adding that it never withheld details of a potentially lucrative contract on the horizon.
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September 15, 2025
Squire Patton-Led Insurer Agrees Revised Offer For Indian Biz
CPP Group PLC said on Monday that the two potential local buyers of its India-based subsidiary have decreased their offer for the company, which the U.K. insurance products provider is selling in order to streamline its operations.
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September 15, 2025
Banker Sues Saudi Magnate Over £14M Shares Transfer
A Tunisian-Swiss investment banker has sued a Saudi tycoon for 53 million Saudi riyals ($14 million), alleging that the Arabian mogul unlawfully transferred shares he held as a nominee for the financier to one of his own businesses.
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September 15, 2025
UK's Beauty Tech Group Confirms London IPO Plans
Project Glow Topco Ltd., the ultimate holding company of The Beauty Tech Group Ltd., a retailer of cosmetics devices, confirmed on Monday that it plans to float on the London Stock Exchange to keep the business debt-free and to inject new cash to increase its size.
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September 15, 2025
Social Housing Manager Acquires Compliance Biz For £9.5M
Mears Group PLC said on Monday it has bought property consultancy business Pennington Choices Ltd. for £9.5 million ($13 million) in cash, which the social housing manager expects will boost its compliance business.
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September 15, 2025
2 Firms Guide Ørsted's $9.4B Fundraising After US Setback
Denmark's Ørsted AS said Monday that it has started its 60 billion Danish kroner ($9.4 billion) rights issue in a move to boost its capital structure after the U.S. blocked two wind farm projects to await a government review.
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September 15, 2025
Electrical Retailer AO Group To Launch Debut £10M Buyback
AO World PLC said Monday it intends to reward investors with a share repurchase program worth up to £10 million ($13.6 million), the first time that the electrical retailer will have launched such a scheme.
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September 12, 2025
Taxation With Representation: Felesky Flynn, Gibson, Kirkland
In this week's Taxation With Representation, copper mining companies Anglo American and Teck Resources plan to merge, EchoStar agrees to sell spectrum licenses to SpaceX, and Diversified Energy acquires fellow energy operator Canvas.
Expert Analysis
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Proposed Foreign Subsidy Regulation Has Political Overtones
The European Commission's proposed Foreign Subsidies Regulation aims to prevent subsidies that have a distortive effect on competition from being granted to foreign companies, but in directing it against governments that use companies to extend their influence in the EU, the implications are clearly political, say Lena Sandberg and Yannis Ioannidis at Gibson Dunn.
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Early Trends In UK National Security Reviews Of Transactions
The U.K.'s move to block an intellectual property deal between Beijing Infinite Vision Technology and the University of Manchester — the first such prohibition under the recently implemented National Security and Investment Act — is part of a growing body of published decisions that provides useful lessons on achieving prompt security clearance, say attorneys at Arnold & Porter.
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Guidance Notes Offer Insight On UK National Security Regime
The U.K. government recently published long-awaited market guidance notes that add a greater level of transparency regarding the national security and investment regime, providing welcome guidance to businesses and their legal advisers on submitting transaction notifications, say attorneys at Cooley.
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Ruling On EU Commission Merger Reviews Signifies U-Turn
In validating the European Commission's new policy of using Merger Regulation Article 22 to review cases that do not qualify under the merger control rules of the requesting member state, the General Court has demonstrated that the EU is prepared to move the goal posts on well-established commission policy, say attorneys at King & Spalding.
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Where New UK And EU Vertical Agreements Rules Diverge
The lack of alignment between new EU and U.K. rules on vertical agreements is likely to present challenges to multinational businesses, and it would be prudent for legal advisers and companies to bear in mind the most stringent obligations of both, says Robert Bell at Armstrong Teasdale.
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A Look Ahead At What The German M&A Market Holds In Store
Despite signs of a possible recession, there is still significant M&A activity in the German market, with long-term strategic planning, private equity investors, multiparty involvement and even the state all playing an important role, says Michael Ulmer at Cleary.
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Tips For Handling Audio Data In E-Discovery Post-Pandemic
The rise of remote meetings during the COVID-19 pandemic has boosted the volume and importance of audio data in e-discovery — so organizations in highly regulated industries must collect and process that data, and establish complex strategies to manage their audio records, says Jack Bullen at FTI Consulting.
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Agreement Among Litigants Key To Using E-Discovery Tech
Parties are increasingly using e-discovery technologies to control costs, but as a New York federal court order in Actos Antitrust Litigation shows, a well-drafted, negotiated protocol allows them to address potential objections prior to use and helps protect against later claims of incomplete production, say attorneys at McGuireWoods.
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4 Ways M&A Deals Are Changing
There are signs that the market may be cooling, but recent trends in M&A transactions reflect more than just market strength and indicate that there has been a more general change in deal approach, say attorneys at DLA Piper.
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Opinion
Law School Admissions Shouldn't Hinge On Test Scores
The American Bar Association recently granted law schools some latitude on which tests it can consider in admissions decisions, but its continued emphasis on test scores harms student diversity and is an obstacle to holistic admissions strategies, says Aaron Taylor at AccessLex.
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How Market Challenges Are Affecting Deal-Making Trends
As private equity investors adjust to a new period of volatility and uncertainty in the marketplace, various trends in deal making are emerging in order to bridge valuation gaps and address financing concerns, say Alvaro Membrillera and Anna Pollak at Paul Weiss.
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What Digital Asset Decisions Mean For Future Disputes
Following a number of recent landmark decisions in the English courts, the law continues to develop in the sphere of digital assets, and several themes are emerging that will benefit both individuals and organizations, say Chris Recker at Duane Morris and Celso De Azevedo at The 36 Group.
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A Look At UK's 1st Report On Security Regime For Deals
The U.K. government’s recent report on the National Security and Investment Act, covering its first three months since it came into force in January, suggests that the regime may not be leading to a surge in benign notifications and that the government is responding quickly, which is good news for businesses, say attorneys at Cooley.
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What EU Changes To Dual Distribution Mean For Franchises
Following the European Commission’s adoption of the Vertical Block Exemption Regulation and accompanying vertical guidelines regarding dual distribution, which took effect this month, franchisors should examine their flow of information to and from franchisees to determine whether it must be restricted, say attorneys at Baker McKenzie.
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How ESG Matters Are Influencing M&A Due Diligence Trends
With a proliferation of environmental, social and governance-related regulatory developments and a desire to comply with best practice, ESG matters have become an increasingly important area of focus for both clients and advisers in M&A transactions, say attorneys at Sullivan & Cromwell.