Transactions UK

  • March 15, 2024

    Scottish Mortgage Plans £1B In Buybacks Over 2 Years

    Scottish Mortgage Investment Trust said Friday it is planning to spend at least £1 billion ($1.3 billion) over the next two years to reward shareholders after a sharp rise in cash flow from its portfolio companies.

  • March 15, 2024

    Kirkland-Led Co. Sells Data Center Biz To PE Firm For $575M

    Real estate investment company Digital 9 Infrastructure said Friday that it has sold its entire stake in data center company Verne Global for up to $575 million to private equity firm Ardian France SA in a move to strengthen its financial position.

  • March 15, 2024

    UK Watchdog Probes Barratt's £2.5B Redrow Deal

    The antitrust regulator said Friday that it is looking into whether Barratt Developments PLC's £2.5 billion ($3.2 billion) all-share deal for rival homebuilder Redrow PLC could harm competition in U.K. markets.

  • March 15, 2024

    Vodafone To Sell Italy Operation To Swisscom For €8B

    Vodafone Group PLC said Friday that it will sell its Italian business to rival Swisscom AG for €8 billion ($8.7 billion) in cash to streamline its European business operations.

  • March 14, 2024

    KKR Lobs €2.8B Takeover Bid At German Energy Biz

    Private equity giant KKR on Thursday lobbed a €2.8 billion ($3.05 billion) takeover bid at German renewable energy platform and independent power producer Encavis AG in a deal built by at least five firms that is aimed at strengthening Germany's energy future and supports the renewable energy transition in Europe.

  • March 21, 2024

    McDermott Hires Cooley M&A Specialist Michal Berkner

    McDermott Will & Emery LLP has appointed deals specialist and Cooley LLP lawyer Michal Berkner as a partner in its transactions division, in a move to help it grow its mergers and acquisitions practice.

  • March 14, 2024

    Weil, Memery Crystal Lead £28M Offer For SmartSpace

    British software company SmartSpace said Thursday that visitor management systems maker Sign In Solutions Inc. has offered to buy it for approximately £28.4 million ($36.2 million) in a deal guided by Weil Gotshal & Manges LLP and Memery Crystal.

  • March 14, 2024

    WJM, Thrings Guide £3.25M Allpack Acquisition

    Glasgow-based business Macfarlane Group PLC said its subsidiary has purchased Allpack Packaging Supplies Ltd. in a deal worth up to £3.25 million ($4.16 million) that was advised by law firms Wright Johnston and Mackenzie LLP and Thrings LLP.

  • March 14, 2024

    Insurer Completes Full Construction Co. Pension Scheme Deal

    Insurer Just Group said on Thursday that it has completed a £37 million ($47.3 million) buy-out of a pension scheme sponsored by a leading engineering and construction company, finishing the process that it started in 2013.

  • March 14, 2024

    Jones Day, Cooley Steer AstraZeneca's $1B Bid For Amolyt

    AstraZeneca said Thursday that it has agreed to acquire Amolyt Pharma, a clinical stage biotechnology company, in a deal worth up to $1.05 billion to expand its late-stage rare disease pipeline in an acquisition guided by Jones Day and Cooley LLP.

  • March 14, 2024

    CMS Leads Rothesay £6B Buy Of Scottish Widows Portfolio

    Pension insurer Rothesay Life said Thursday that it will buy Scottish Widows' £6 billion ($7.7 billion) portfolio of bulk annuities from Lloyds Banking Group PLC, in a transaction guided by CMS Cameron McKenna Nabarro Olswang LLP.

  • March 14, 2024

    UK Law Change Threatens PE Firm's Newspaper Group Bid

    The government has set out rule changes that would prevent foreign states from owning British newspapers and other print media, a move that could block the takeover of The Daily Telegraph newspaper and The Spectator news magazine by RedBird IMI, an Abu Dhabi-backed private equity firm.

  • March 13, 2024

    4 Firms Steer PE-Backed Galderma's Plans For $2.3B IPO

    Private equity-backed skincare firm Galderma S.A. on Wednesday set a price range on an estimated $2.3 billion initial public offering on the Swiss Stock Exchange, guided by four law firms, marking the latest sign of rebound for European IPOs.

  • March 13, 2024

    Security Tech Biz Claims $12.5M For 'Obsolete' CCTV Software

    A Taiwanese security technology company has countersued an AI video analytics business for $12.5 million over a deal to buy the rights to CCTV-analyzing technology, arguing that the software it bought was "near obsolete."

  • March 13, 2024

    Balfour Beatty To Return £100M To Shareholders

    Balfour Beatty PLC said Wednesday it plans to buy back shares worth up to £100 million ($128 million) under its 2024 stock repurchase scheme aimed at lowering its outstanding share capital and rewarding investors.

  • March 13, 2024

    Gordons, Pinsent Masons Steer Academy Buy Of Allianz Unit

    Academy Insurance Services has agreed to acquire the Premierline commercial insurance arm of insurance giant Allianz in the U.K. for an undisclosed amount in a deal guided by Pinsent Masons LLP and Gordons LLP.

  • 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.

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