Transactions UK

  • March 20, 2024

    King & Spalding Hires Paul Hastings Finance Pro

    King & Spalding LLP has appointed Paul Hastings LLP finance expert Peter Schwartz as partner in its London office in a bid to boost its European corporate practice.

  • March 13, 2024

    Taylor Wessing's Legal App Teams Up With Fundraising Site

    Taylor Wessing LLP said on Wednesday that its app designed to help startup companies manage their legal requirements has worked with an investment platform to offer growing businesses a "competitive" edge during fundraising.

  • March 13, 2024

    Insurer Direct Line Snubs £3.2B Improved Ageas Bid

    British insurer Direct Line on Wednesday said it had rejected an improved £3.2 billion ($4.1 billion) offer from Belgian rival Ageas because it still "significantly undervalues" the group.

  • March 13, 2024

    Eversheds, Goodwin Lead €141M Sale Of Surgical Parts Biz

    Advanced Medical Solutions Group PLC said Wednesday that it has agreed to acquire a French maker of surgical devices, Peters Surgical, for approximately €141 million ($154 million) to strengthen its position as a specialist in tissue repair.

  • March 13, 2024

    Orsted Sells Stake In 4 Onshore US Wind Farms For $300M

    Danish energy giant Orsted said Wednesday that it will sell a stake in a portfolio of four U.S. onshore wind farms to investment firm Stonepeak for $300 million.

  • March 12, 2024

    Vorys Advises Infrastructure Biz On Up To $8.75M Acquisition

    Hill & Smith PLC said Tuesday it has purchased nuts and bolts distributor FM Stainless LLC for up to $8.75 million, guided by Vorys Sater Seymour and Pease LLP.

  • March 12, 2024

    Spanish PE Firm Denies Owing PwC €2M Over Hotel Deal

    A Spanish private equity firm has said it does not owe a €2 million ($2.2 million) fee to PricewaterhouseCoopers LLP, claiming the Big Four accounting firm failed to provide all the services required under an agreement to raise money to buy a hotel in Mallorca.

  • March 12, 2024

    Finance Biz TP ICAP Starts Second £30M Buyback

    Finance services firm TP ICAP Group PLC said on Tuesday it will begin a share buyback worth up to £30 million ($38 million) to boost its investor returns and announced it is exploring listing a stake in its data business.

  • March 12, 2024

    UK Pension Deals Hit Record-Breaking £50B In 2023

    The total value of pension transfer deals in the U.K. hit a record-breaking £50 billion ($64 billion) in 2023, Hymans Robertson said Tuesday, with the number of transactions also eclipsing previous highs.

  • March 12, 2024

    CMS Guides UK Cash Savings Platform On £108M Investment

    Flagstone has secured a £108 million ($138 million) investment from U.S. private equity firm Estancia Capital Partners to help it "capitalize on the opportunities ahead" in Britain's savings market.

  • March 12, 2024

    Accor Buys Back 3% Of Shares From Chinese Co. For €275M

    French hospitality giant Accor said Tuesday that it has bought back 2.77% of its own shares from Chinese tourism group Jinjiang International for €275 million ($301 million) as part of its buyback program for 2024.

  • March 12, 2024

    Domino's Pizza To Buy Irish Franchisee In €92M Deal

    Domino's Pizza Group PLC said on Tuesday that it will take full control of its biggest Irish franchisee in a cash, share and debt deal worth €91.9 million ($100 million).

  • March 11, 2024

    Entire Deadspin Staff Cut After Site's Sale To European Firm

    All existing employees of sports blogging site Deadspin have been laid off after finding out Monday that the blog's owner, private equity-backed G/O Media Inc., has agreed to sell the site to European firm Lineup Publishing for an undisclosed price.

  • March 11, 2024

    Imperial Brands Begins 2nd Tranche Of £1.1B Buyback

    Tobacco giant Imperial Brands PLC on Monday launched the second chunk of a share buyback program, worth up to £1.1 billion ($1.4 billion), aimed at lowering its outstanding share capital and rewarding investors.

  • March 11, 2024

    PE Giant Apax's £220M Offer For Tech Biz Lapses

    Apax Partners LLP said Monday its final offer to buy Kin and Carta PLC in a deal worth approximately £220.3 million ($283 million) has fallen through after the technology consultancy didn't respond to its updated proposal by the set deadline on Friday.

  • March 11, 2024

    Reed Smith Guides Nanoco's £33M Buyback, After Litigation

    Nanoco said on Monday that it will repurchase shares worth £33 million ($42 million) from investors after the nanotechnology company won a $150 million windfall from a Texas patent infringement lawsuit against South Korean electronics giant Samsung.

  • March 11, 2024

    Fladgate To Help LoopUp Group Delist From London's AIM

    Cloud communications provider LoopUp Group PLC said Monday that it plans to pull its shares from trading on the London Stock Exchange's junior market after concluding that it would be easier to raise funds as a private company.

  • March 11, 2024

    US Fund Manager Elliott Pulls £760M Bid For Currys

    U.S. investment firm Elliott Advisors said Monday that it will not make another offer for Currys PLC, after the British electrical retailer snubbed a £760 million ($976 million) proposed takeover bid in February.

  • March 08, 2024

    Founder Of France's Believe Touts 1st Bid Over Rival Offer

    A consortium of investors looking to take over French digital music company Believe SA on Friday acknowledged a competing offer lobbed by entertainment conglomerate Warner Music Group while reiterating that it believes its own bid is "best positioned" to help the music company thrive.

  • March 08, 2024

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

    This past week in London has seen Barclays initiate legal proceedings against top Russian private bank JSC Alfa-Bank; Lex Greensill, founder of the collapsed Greensill Capital, suing the U.K.'s Department for Business and Trade; Wikipedia's parent company hit with a libel claim; and a sports journalism teacher filing a data protection claim against Manchester United FC. Here, Law360 looks at these and other new claims in the U.K.

  • March 08, 2024

    Slaughter And May Guides PE Firm's £432M Wealth Firm Buy

    Pollen Street Capital said Friday that its subsidiary has agreed to fully buy out Mattioli Woods, a wealth management company, for approximately £432 million ($556 million), as the U.K. private equity investor looks to capture a slice of the lucrative sector.

  • March 08, 2024

    Taxation With Representation: Fried Frank, Latham

    In this week's Taxation with Representation, Viavi acquires Spirent, Cadence Design Systems purchases Beta Cae Systems International, and United Rentals buys Yak.

  • March 08, 2024

    Linklaters Guides Mondi's £5.1B Deal For DS Smith

    Mondi PLC said it plans to swallow up British rival DS Smith for £5.1 billion ($6.6 billion) in an all-share deal to create a Europe-wide sustainable packaging giant.

  • March 08, 2024

    Insurer Beazley Begins $325M Share Buyback As Profit Soars

    Beazley began a share buyback on Friday worth up to $325 million in a move to lower its outstanding share capital and reward investors, as its pre-tax profits more than doubled to $1.25 billion.

  • March 08, 2024

    Tech Retailer Gets Nod To Sell Greek, Cyprus Biz For €200M

    Currys said on Friday that it has gained regulatory approval for the €200 million ($219 million) sale of its retail businesses in Greece and Cyprus as the U.K. electronics giant seeks to streamline its business.

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