The government has been laying the foundation throughout 2024 to encourage listings on the London Stock Exchange and pull equity investment into the economy — an initiative hampered by uncertainty and restrictions on financing caused by high interest rates.
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TUESDAY, DECEMBER 24, 2024 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Analysis

UK Laid Foundations In 2024 To Spark Economy With M&A

By Najiyya Budaly

The government has been laying the foundation throughout 2024 to encourage listings on the London Stock Exchange and pull equity investment into the economy — an initiative hampered by uncertainty and restrictions on financing caused by high interest rates.

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Crédit Agricole To Take Full Control Of Caceis From Santander

By Dawood Fakhir

Santander Bank has said that French international banking group Crédit Agricole SA will acquire full ownership of their jointly owned global asset servicing provider Caceis by buying out Santander's stake for an undisclosed sum.

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Shell Deal To Sell German Refinery To Prax Collapses

By Tom Fish

Energy giant Shell said Friday its German unit's attempt to sell an oil refinery controlled by Russia's Rosneft to British energy conglomerate Prax had collapsed.

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Boohoo Investors Vote Down Mike Ashley CEO Appointment

By Najiyya Budaly

Shareholders in Boohoo Group PLC voted against the appointment of the retail tycoon Mike Ashley to the helm of the fast fashion retailer on Friday, a resolution that was pushed by shareholder Frasers Group PLC.

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UK Finds $35B Software Deal Could Harm Supply Of Chips

By Najiyya Budaly

The Competition and Markets Authority warned on Friday that the $35 billion acquisition by Synopsys Inc. of another software firm, Ansys Inc., could harm competition for semiconductor chips in the U.K., forcing consumers to pay higher prices for laptops, smartphones and televisions.

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M&A

Linklaters Sells Process Agency Biz To UK Investment Trust

By Marialuisa Taddia

A U.K.-based investment trust has bought the process agency business of Linklaters LLP, as the Magic Circle firm focuses on its strategic goals, the companies said Friday.

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PRIVATE EQUITY

Kirkland-Led Nordic Capital Wraps €2B Evolution II Fund

By Jade Martinez-Pogue

Kirkland & Ellis LLP-advised Nordic Capital on Friday announced that it wrapped its second Evolution Fund after raising €2 billion ($2.1 billion) from investors in just four months.

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CAPITAL MARKETS

Acquisition Vehicle Amcomri Floats On AIM After £12M Raise

By Tom Fish

Amcomri said Friday it has started trading on London's junior Alternative Investment Market, with the U.K. specialist engineering and manufacturing group bucking the recent trend of companies looking to float elsewhere.

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Battery Recycler To Take Shares Off London's Junior Market

By Tom Fish

Australian battery-recycling specialist Neometals Ltd. said on Friday that it plans to take its shares off the London Stock Exchange's junior Alternative Investment Market because it is failing to raise sufficient capital in the U.K.

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MERGER REVIEW

Nvidia Gets European Union's Nod For $700M Run:ai Buyout

By Tom Fish

The European Commission said Friday it has approved Nvidia Corp.'s reported $700 million bid for Israeli workload management software startup Run:ai Labs Ltd., after concluding the planned buyout will not hinder competition.

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FCA Approves £191M Take-Private Deal For Retailer N Brown

By Najiyya Budaly

The finance watchdog approved on Friday a £191 million ($239 million) deal that will take British retailer N Brown Group PLC off of London's Alternative Investment Market after it has struggled with lower spending during the cost-of-living crisis.

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LITIGATION

Reading FC Owner Sued For £12M Over Confidentiality Breach

By Ronan Barnard

A Louisiana lawyer's company has filed a £12 million ($15 million) claim against a company held by the owner of Reading Football Club for allegedly breaching legally binding provisions in a takeover deal.

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

By Max Austin

This past week in London has seen the University of Southampton sue a drone-maker over the rights to an uncrewed aircraft patent, Importers Service Corp. and its subsidiary ISC Europe take action against a former director who allegedly owes the company over £1.1 million ($1.4 million), and DAC Beachcroft face a fraud claim by a "prolific litigant." 

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LAW FIRMS IN TODAY'S NEWS

Addleshaw Goddard

Blacks Solicitors

CMS Cameron McKenna

Charles Russell Speechlys

Cleary Gottlieb

Clifford Chance

Couhig Partners

Covington & Burling

DAC Beachcroft

Dechert LLP

Fenchurch Law

Fieldfisher

Forsters LLP

Freshfields

Gatehouse Chambers

Goodwin Procter

Gowling WLG

Holman Fenwick

Hugh James

Kirkland & Ellis

Knights PLC

Linklaters LLP

Macfarlanes LLP

Nabarro LLP

Norton Rose

Reynolds Porter

Roythornes Solicitors

Skadden Arps

Spector Constant & Williams

TLT LLP

Trowers & Hamlins

Ward Hadaway

White & Case

COMPANIES IN TODAY'S NEWS

ANSYS, Inc.

AstraZeneca PLC

Australian Securities Exchange

Aviva SA

BNP Paribas SA

Banco Santander SA

Beazley PLC

CVC Capital Partners Ltd.

Cinven Ltd.

Clayton Dubilier & Rice LLC

Dealogic LLC

Direct Line Insurance Group PLC

Essity AB

GP Global

Galderma SA

Glass Lewis & Co. LLC

Grant Thornton LLP

Gulf Petrochem FZC

Institutional Shareholder Services Inc.

International Business Machines Corp.

Janus Henderson Group PLC

Liberty Global Inc.

London Stock Exchange Group PLC

Meadow

NASDAQ Inc.

NVIDIA Corp.

Natixis SA

Nordic Capital Ltd.

Redwood Holdings LLC

Royal Bank of Canada

Saint-Gobain SA

Sanofi

Solicitors Regulation Authority Ltd.

Springer Nature Ltd.

Starr International Co. Inc.

Synopsys Inc.

The Royal Bank of Scotland Group PLC

Valero Energy Corp.

Vodafone Group PLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

Companies House

Competition and Markets Authority

European Commission

European Union

Federal Trade Commission

Financial Conduct Authority

The Crown Prosecution Service

UK High Court