Transactions UK

  • July 15, 2025

    Bathroom Biz To Buy Haavind-Led Norwegian Co. For $61M

    Branded bathroom products maker Norcros said Tuesday that it has agreed to acquire Norway-based wall panels maker Fibo Holding AS from private equity investor FSN Capital Partners for 618 million Norwegian krone ($60.6 million) in a deal guided by Haavind.

  • July 15, 2025

    CMS, Burges Salmon, Sackers Aid £800M Honda Pension Deal

    Legal & General has completed an approximately £800 million ($1.07 billion) buy-in transaction to acquire the pensions of more than 4,700 members of the Honda Group UK Pension Scheme in a deal guided by CMS, Burges Salmon LLP and Sackers.

  • July 15, 2025

    Irish Hotel Group Backs €1.4B Sweetened Buyout Bid

    Irish hotel group Dalata said Tuesday that it has backed an increased €1.4 billion ($1.6 billion) cash offer from a Scandinavian consortium of property investors, finding that the bid topped its highest market capitalization since it listed in 2014.

  • July 15, 2025

    Food Biz To Sell Stake In Supply Chain Platform For £22M

    Hilton Food Group said on Tuesday it is selling a stake in Foods Connected, its supplier management platform, for £22 million ($30 million) to Apax Global Impact Fund.

  • July 15, 2025

    Banks To Nudge Savers Toward Stocks Under Gov't Reforms

    Banks will be encouraged to push savers toward gambling their cash on the stock market, the government said on Tuesday, as it looks to revitalize the landscape for retail investors in the U.K.

  • July 15, 2025

    UK To Ease Senior Manager Rules Amid Regulatory Overhaul

    The government unveiled a raft of reforms to financial services regulation on Tuesday as it seeks to encourage investment in the economy, a package that includes streamlined rules for senior managers and easier capital requirements for lenders.

  • July 15, 2025

    Barratt Redrow Starts First Stage Of Up-To-£100M Buyback

    Barratt Redrow PLC kicked off a stock repurchase program of as much as £50 million ($67 million) on Tuesday, the first part of the British housebuilder's wider £100 million plan to buy back shares.

  • July 14, 2025

    FCA To Loosen Prospectus Rules For Firms Raising Cash

    The Financial Conduct Authority set out rules on Tuesday that it said will make it easier and cheaper for listed companies to raise cash as the regulator makes another attempt to rebalance risk and help resuscitate U.K. capital markets.

  • July 14, 2025

    DCC To Sell £100M Tech Biz To Eversheds-Led PE Firm

    Irish conglomerate DCC PLC said Monday that it has agreed to sell Exertis, its technology distribution business in Britain and Ireland, to private equity firm Aurelius for approximately £100 million ($135 million) in a deal guided by Eversheds Sutherland.

  • July 14, 2025

    Wealth Manager Sues For £4.5M Over Failed Investment Deal

    A Swiss wealth manager has sued a U.K. company for 5 million Swiss francs ($6.3 million), saying that it failed to return its investment after a share purchase deal went sideways.

  • July 14, 2025

    Supermarket Investor Buys Tesco Store For £54.1M

    Supermarket Income REIT PLC said Monday that it has acquired a Tesco supermarket in southeastern England for £54.1 million ($73 million) in its first transaction since it formed a strategic joint venture with U.S. asset management firm Blue Owl.

  • July 14, 2025

    PR Adviser PPHC Pay $13M To Buy Texan Coms Consultancy

    Advisory company Public Policy Holding Co. Inc. said Monday that it has entered into a binding agreement to acquire the business and assets of Texas consultancy Pine Cove Capital LLC in a cash-and-shares deal worth up to $13 million.

  • July 14, 2025

    Crédit Agricole Seeks ECB Approval To Buy 20% BPM Stake

    French lender Crédit Agricole said Monday that it is seeking approval from the European Central Bank to increase its stake in Italian rival Banco BPM to more than 20%.

  • July 14, 2025

    Partners Group Leads €6.7B Buyout Of Germany's Techem

    Swiss private equity company Partners Group said Monday that its infrastructure business will lead a consortium to buy Techem, a German digital energy metering business, in a €6.7 billion ($7.8 billion) deal.

  • July 14, 2025

    PHP Says £1.8B Assura Takeover Cleared By Irish Regulator

    Primary Health Properties said on Monday that its planned £1.79 billion ($2.42 billion) takeover of rival NHS landlord Assura PLC has gained foreign direct investment clearance in Ireland, completing the necessary regulatory approval process for the acquisition to go ahead.

  • July 11, 2025

    Merck's $10B Pulmonary Power Play Is Among Its Top 5 Deals

    When Merck agreed to purchase respiratory disease-focused Verona Pharma PLC for $10 billion, it became one of Merck's largest deals ever, and the pharmaceutical giant made clear that its bet on a potentially transformative pulmonary therapy was much more than a speculative pipeline acquisition.

  • July 11, 2025

    Taxation With Representation: Davis Polk, Kirkland, Cassels

    In this week's Taxation With Representation, Merck buys U.K. drugmaker Verona Pharma, CoreWeave acquires fellow data center company Core Scientific, Royal Gold acquires Sandstorm Gold and Horizon Copper, and Italian food company Ferrero buys WK Kellogg.

  • July 11, 2025

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

    This past week in London has seen HS2 hit with a defamation claim by two ex-employees who blew the whistle on alleged under-reporting of costs, Craig Wright and nChain face legal action brought by its former chief financial officer over a fraud scheme, and pro-footballer Axel Tuanzebe bring a clinical negligence claim against his former club Manchester United F.C. Here, Law360 looks at these and other new claims in the U.K.

  • July 11, 2025

    Law Firm Vinge Guides RightBridge's $47M Acquisition

    Gaming industry investor RightBridge Ventures said Friday it has inked a definitive agreement for a reverse takeover of Swemar Invest Ltd., a maritime and defense-related business worth about 450 million Swedish kronor ($47 million).

  • July 11, 2025

    Aberdeen's Winding-Down Arm Sells 2 Assets For €66.5M

    Aberdeen Group PLC's European logistics real estate arm said Friday that it has sold two German properties for approximately €66.5 million ($77.6 million) as part of its managed wind-down process.

  • July 11, 2025

    Flutter Buys MoFo-Led Boyd's Stake In FanDuel For $1.76B

    Flutter Entertainment PLC said Friday that it has agreed to acquire a 5% stake in FanDuel Group from Boyd for approximately $1.76 billion to take outright ownership of the leading sports betting and iGaming business in the U.S.

  • July 11, 2025

    Sweden's Intea To Buy $146M Worth Of Security Properties

    Swedish social property manager Intea Fastigheter AB said Friday that it will buy a portfolio of security assets valued at 1.39 billion Swedish kroner ($146 million) in total from a domestic rival.

  • July 11, 2025

    Warehouse REIT Backs Blackstone's Sweetened £489M Offer

    The board of Warehouse REIT switched allegiance to Blackstone on Friday, after the private equity heavyweight pitched a sweetened £489 million ($662 million) cash offer in a bidding war with property investor Tritax Big Box.

  • July 10, 2025

    Blackstone Ups Warehouse REIT Takeover Offer To £489M

    Private equity giant Blackstone, led by Simpson Thacher & Bartlett LLP, on Thursday increased its takeover offer for U.K.-based logistics investor Warehouse REIT, led by Reed Smith LLP, to £489 million ($663.7 million), a move that comes after it submitted a £470 million "final offer" in late June.

  • July 10, 2025

    SpaceX Seeks Record $400B Valuation, Plus More Rumors

    Elon Musk's satellite and rocket maker SpaceX is planning to raise money in a private round that would value the company at a record $400 billion, Starbucks China is seeking bids for a stake sale that could value the chain at $10 billion, plus online fashion giant Shein hopes to salvage its long-awaited IPO by listing in Hong Kong.

Expert Analysis

  • 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.

  • Tools For Effective Asset Tracking In Offshore Jurisdictions

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    In light of a technology company's recent allegations that its former CEO maintained an undisclosed interest in offshore companies, practitioners may want to refresh their knowledge of the tool kit available for tracing and recovering allegedly misappropriated assets from both onshore and offshore jurisdictions, say lawyers at Walkers Global.

  • FCA Update Eases Private Stock Market Disclosure Rules

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    The Financial Conduct Authority’s recently updated proposals for the Private Intermittent Securities and Capital Exchange System would result in less onerous disclosure obligations for businesses, reflecting ongoing efforts to balance an attractive trading venue for private companies while maintaining sufficient investor protections, say lawyers at Debevoise.

  • FCA Bulletin Highlights Risks Of Leaking Inside M&A Info

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    The Financial Conduct Authority’s recent bulletin on the consequences of leaking sensitive information during transactions, warning that such disclosure may result in market abuse allegations, demonstrates the regulator’s determination to root out and penalize insider dealing, say lawyers at Cadwalader.

  • How CMA Is Responding To UK Gov't Pro-Growth Agenda

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    With the U.K. government’s recent call for the Competition and Markets Authority and other regulators to better support economic growth, the competition policy landscape is shifting materially toward an emphasis on a more proportionate and targeted approach to merger enforcement, say lawyers at Macfarlanes.

  • What Latest VC Model Document Revisions Offer UK Investors

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    Recent updates to the British Private Equity and Venture Capital Association model documents, reflecting prevailing U.K. market practice on early-stage equity financing terms and increasing focus on compliance issues, provide needed protection for investors in relation to the growth in global foreign direct investment regimes, say lawyers at Davis Polk.

  • What Cos. Must Note From FCA Bulletin On Leaking M&A Info

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    The Financial Conduct Authority’s recent bulletin on strategic leaks in merger and acquisition transactions, as the second such publication in four months, acts as a warning for issuers and their advisers to tighten up their current policies for handling inside information, say lawyers at Herbert Smith.

  • Key Takeaways From The 2025 Spring Antitrust Meeting

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    Leadership changes, shifting priorities and evolving enforcement tools dominated the conversation at the recent American Bar Association Spring Antitrust Meeting, as panelists explored competition policy under a second Trump administration, agency discretion under the 2023 merger guidelines and new frontiers in conduct enforcement, say attorneys at Freshfields.

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