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Transactions UK
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January 20, 2026
A&O Shearman Steers GSK's $2.2B Rapt Therapeutics Deal
GSK PLC said Tuesday it has agreed to acquire U.S.-based Rapt Therapeutics Inc. in a deal valued at $2.2 billion, in a bid to strengthen the British drugmaker's portfolio of respiratory, immunology and inflammation medicines.
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January 20, 2026
Sainsbury's Completes £92M Share Buyback Program
Retail giant J Sainsbury PLC said Tuesday that it has wrapped up a buyback program worth £92 million ($124 million), with the sole aim of reducing its share capital.
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January 20, 2026
UK Unveils Major Revamp Of Merger Reviews To Spur Growth
The government has proposed a radical shake-up of the Competition and Markets Authority's merger review process to promote competitiveness, including measures to ditch independent decision-making panels, limit jurisdiction over deals and allow companies more time to find fixes for antitrust concerns.
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January 19, 2026
Lax AI Policy In UK Finance Sector Risks Harm, MPs Warn
The absence of clear guidance from the government and regulators on the use of artificial intelligence by finance companies could cause "serious harm" to consumers and the financial system, lawmakers warned on Tuesday as they set out the steps needed to erect guardrails.
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January 19, 2026
Slaughter And May Guides Zurich's £7.7B Bid For Beazley
Swiss insurance giant Zurich said Monday that it has made a £7.7 billion ($10 billion) proposed offer for London-listed Beazley PLC after the British rival rejected a lower offer earlier in January.
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January 26, 2026
Ropes & Gray Launches Antitrust Practice In Milan
Ropes & Gray LLP said Monday that it has launched an antitrust and foreign direct investment practice in Italy and has hired a counsel for its new office in Milan.
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January 19, 2026
Online Auctions Biz Rejects FitzWalter's Sweetened Bid
Auction Technology said Monday that it has rejected another proposed cash offer from FitzWalter Capital Ltd., its largest shareholder, which valued the British online marketplace operator at £491 million ($658 million).
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January 19, 2026
Insurance CEOs Have 'High M&A Appetite,' KPMG Says
Insurance chief executives have entered 2026 with confidence in the sector's growth prospects and a bullish appetite for mergers and acquisitions, but warn of increasing risks from AI and cyber-attacks, according to a report by KPMG published on Monday.
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January 19, 2026
Eversheds Sutherland-Led Fintel Buys Data Biz For £11M
Fintel PLC said Monday that a subsidiary has acquired the market pricing business of Pearson Ham Group for £11 million ($14.7 million) as it looks to expand its software and data division and strengthen its position in Britain's insurance sector.
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January 19, 2026
Trethowans Advises Property Franchise Firm On Acquisition
The Property Franchise Group PLC said Monday that it has bought an 85% stake in mortgage advice company Smart Advice Financial Solutions Ltd. as it seeks to expand in southwest England.
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January 16, 2026
Taxation With Representation: Stibbe, A&O Shearman, Latham
In this week's Taxation With Representation, Keurig Dr Pepper Inc. plans to complete its deal to snap up coffee company JDE Peet's NV, Boston Scientific Corp. acquires medical device company Penumbra Inc., and fitness and wellness platform parent Playlist merges with fitness technology company EGYM.
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January 16, 2026
ICG Sells Austrian HQ Back To Former Owner For $160M
Alternative asset manager ICG said Friday that it has sold the Austrian headquarters of manufacturer Innio Group back to the company for $160 million.
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January 16, 2026
Rockhopper Raises £6.9M In North Falkland Basin Offer
British oil and gas producer Rockhopper said Friday that it has raised approximately £6.9 million ($9.2 million) in equity through an oversubscribed share offering from its existing investors for the development of a flagship project in the South Atlantic.
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January 16, 2026
UK Litigation Roundup: Here's What You Missed In London
This past week in London saw the David Lloyd gym chain file an intellectual property claim against its founder, security company Primekings reignite a long-running dispute with the former owners of an acquired business, and a pair of Belizean developers sue a finance executive they say shut them out of a cruise port project.
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January 16, 2026
Travelers Latest Insurer To Pen AI Agreement With Anthropic
American insurance giant Travelers has become the latest insurer to pen a partnership with artificial intelligence company Anthropic after announcing it had signed a deal that it said would grow its AI-powered engineering and analytics capabilities.
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January 16, 2026
Impax Offers Shareholders Exit Amid Saba Spat
Impax Environmental Markets PLC launched a tender offer on Friday to allow shareholders in the U.K. utility investment company to sell their stakes as it seeks to extricate itself from its largest investor, U.S. hedge fund Saba Capital.
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January 16, 2026
Abraaj Loses Claim To $37M Debt In Fight With UAE Bank
A subsidiary of collapsed private equity giant Abraaj Group lost its claim on Friday to $37 million of a disputed debt of $41.5 million after a court ruled that the unit's parent company assigned the $37 million chunk to a bank.
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January 16, 2026
Thermal Processing Biz Grows US Presence With $8M Buy
Metal heat treatment company Bodycote said Friday that it has acquired Spectrum Thermal Processing LLC, a rival business operating in the aerospace sector, for approximately $8 million in cash as it seeks to widen its footprint in the U.S.
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January 16, 2026
Aramark Ordered To Sell UK Caterer Over Competition Fears
The antitrust authority has ordered U.S. hospitality company Aramark Group to sell Scottish offshore caterer Entier Ltd., after it found that a merger will substantially lessen competition for services to North Sea oil and gas platforms.
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January 15, 2026
Aussie Gold Miner Artemis Resources To Cancel AIM Listing
Australian gold and copper miner Artemis said Thursday that it will cancel its listing on the London Stock Exchange after nearly four years of trading on its junior investment market, in the latest blow to the bourse.
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January 15, 2026
CMA Reviews Merger Efficiencies To Boost UK Economy
The Competition and Markets Authority launched a review on Thursday of how it weighs the competitive benefits of some corporate mergers, with a view to potentially revising its approach by the summer.
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January 15, 2026
Energy Co. DCC To Buy 4 EU Liquid Gas Suppliers For €48M
Irish energy and marketing giant DCC said Thursday that it has agreed to acquire the liquid gas businesses of UGI International LLC in four European countries for approximately €48 million ($56 million), building on its existing expertise in the liquefied gas industry.
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January 15, 2026
Pensions Co. Vidett Acquires London Governance Biz
Governance and pensions services provider Vidett has acquired Bridgehouse Company Secretaries, an outsourced corporate governance business, as it strengthens its position in an evolving corporate services market.
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January 15, 2026
Gym Group Launches £10M Buyback After Revenue Jumps
The Gym Group PLC said Thursday that it will reward investors and downsize its share capital with a buyback program worth up to £10 million ($13.4 million).
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January 15, 2026
Dr Pepper Maker Launches €15.5B Offer For JDE Peet's
Beverage heavyweight Keurig Dr Pepper Inc. said Thursday that it plans to complete its €15.5 billion ($18 billion) deal to snap up Dutch coffee company JDE Peet's NV in the second quarter of 2026 before splitting into two publicly traded U.S. companies.
Expert Analysis
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Issues To Watch At ABA's Antitrust Spring Meeting
Attorneys at Freshfields consider the future of antitrust law and competition enforcement amid agency leadership changes and other emerging developments likely to dominate discussion at the American Bar Association's Antitrust Spring Meeting this week.
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What To Note In EU Tech Transfer Agreements Consultation
Robert Klotz at Steptoe explains the European Commission’s main contemplated amendments to a regulation that exempts certain technology transfer agreements from European Union restrictions, the current political context around the ongoing reform, and as its potential consequences for businesses.
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UK Refusal Of US Extradition Request May Set New Standard
The recent U.K. Supreme Court ruling in El-Khouri v. U.S., denying a U.S. extradition request, overturns a long-held precedent and narrows how U.K. courts must decide such requests, potentially signaling a broader reevaluation of U.K. extradition law, say lawyers at Dechert and Kingsley Napley.
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Practice Leader Insights
This year, 42 leaders of employment, intellectual property, insurance and transactions practice groups shared thoughts on keeping the pulse on legal trends, tackling difficult cases and what it takes to make a mark in their area.
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Key Findings From EU Report On Antitrust Remedies
Although the European Commission’s recent report assessing the effectiveness of its antitrust policy on behavioral remedies is not binding, it may influence future cases and promote coherence, providing useful insights for national competition authorities and courts when considering remedies in their own jurisdictions, say lawyers at Paul Weiss.
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New UK Order Offers Welcome Clarity To Crypto Staking Rules
The recently effective Financial Services and Markets Act 2000 Amendment Order clarifies that arrangements for qualifying crypto-asset staking do not amount to a collective investment scheme, and by addressing an issue that curtailed staking activities in the U.K., facilitates the use of that practice, says Andrew Henderson at Goodwin.
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How EU Competition Policy Will Affect State Aid Rules
The European Commission’s recent competitiveness compass policy indicates its ambitions for the European Union to become an economic powerhouse, leveraging a new coordination tool that would affect state aid rules and boost public support for green energy investments, say lawyers at Linklaters.
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Banker Remuneration Proposals Could Affect More Than Pay
The Financial Conduct Authority and Prudential Regulation Authority’s pending proposals to reduce banker remuneration restrictions bring obvious personal financial advantages for bankers, but may have repercussions that result in increased scrutiny of bonus payments and wider changes to workplace culture and overall accountability, say lawyers at Fox Williams.
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Rethinking 'No Comment' For Clients Facing Public Crises
“No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.
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EU Paper Urges Data Protection And Competition Law Unity
A recent European Data Protection Board position paper calls for closer cooperation among data protection and competition authorities, and provides valuable insight for businesses seeking to ensure compliance across an increasingly complex regulatory landscape, say lawyers at Paul Weiss.
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Decoding Arbitral Disputes: Equal Rights Limit State Immunity
The Court of Appeal of England and Wales' recent determination that Spain’s London embassy could not dodge a former U.K.-based employee’s discrimination claims by invoking sovereign immunity reaffirms its position that employment and human rights should come before the privileges of foreign powers, says Josep Galvez at 4-5 Gray’s Inn.
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How Proposed Private Share Trading System May Benefit Cos.
The government's proposal for a private securities and capital exchange system intends to enhance market practices and risk tolerances, offering a significant way for firms to free up liquidity by allowing investors to trade existing private company shares, say lawyers at Mishcon de Reya.
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Managing Transatlantic Antitrust Investigations And Litigation
As transatlantic competition regulators cooperate more closely and European antitrust investigations increasingly spark follow-up civil suits in the U.S., companies must understand how to simultaneously juggle high-stakes multigovernment investigations and manage the risks of expensive new claims across jurisdictions, say lawyers at Paul Weiss.
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What To Know As EU Urges Outbound Investment Reviews
A recent European Commission recommendation urges European Union member states to review outbound investments in certain critical technologies sectors, but does not clarify the next steps for states once information on relevant transactions in third countries is received, say lawyers at Cleary.
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Competition Act Brings Important UK Merger Control Changes
Although recently effective sections of the Digital Markets, Competition and Consumers Act provide clarity on the transactions that may attract Competition and Markets Authority attention, some reforms potentially expanding the regulator's scope may be concerning to transacting parties, say lawyers at Fried Frank.