Transactions UK

  • May 28, 2024

    Struggling Revolution Bar Chain Says Rescue Plan Won't Work

    Troubled nightlife chain Revolution Bars said Tuesday that a rescue deal proposed by Nightcap, a rival operator, is "incapable of being delivered" because of "untested legal and procedural issues."

  • May 28, 2024

    White & Case Guides ABN Amro On €672M German Bank Buy

    Dutch lender ABN Amro said Tuesday that it plans to a buy German private bank for €672 million ($730 million) in a move to become one of the largest providers of banking services to wealthy clients in Germany.

  • May 24, 2024

    The UK Laws That Will Pass Or Fail As Election Looms

    Prime Minister Rishi Sunak's decision to call an early general election to be held on July 4 has left several pieces of legislation hanging in the balance during the so-called "wash-up" period before Parliament is formally dissolved, while others have been pushed through. 

  • May 24, 2024

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

    This past week in London has seen an IT engineer seek permission to search a landfill hiding a hard drive supposedly storing millions of pounds in bitcoin, Glencore take on legal action by American Century Investments, gold payment app Glint bring a breach of duty claim against FRP Advisory, and an ongoing dispute between a solicitor and the Solicitors Regulation Authority. Here, Law360 looks at these and other new claims in the U.K.

  • May 24, 2024

    Investor CriteriaCaixa Buys Construction Biz Stake For €983M

    Spanish investor CriteriaCaixa said on Friday that it has purchased a 9.4% stake in construction and infrastructure firm ACS for €983 million ($1.1 billion), boosting its portfolio of investments.

  • May 24, 2024

    Viavi's £1B Offer For London-Listed Spirent Lapses

    Communications group Viavi said Friday that it is terminating its approximately £1 billion ($1.27 billion) offer that it made in March for telecom testing specialist Spirent after it let the offer period lapse this week by accepting a rival bid.

  • May 24, 2024

    CMA To Probe $295M Roche Diagnostics Deal

    Britain's antitrust regulator said Friday that it has decided to launch a probe into Swiss drugmaker Roche's proposed $295 million purchase of parts of diagnostic company LumiraDx days after inviting public feedback to assess if the deal could harm competition.

  • May 24, 2024

    John Wood Rebuffs £1.5B Takeover Bid Despite Sweetener

    Oil and gas engineering consultancy John Wood Group said on Friday it has rejected a third takeover offer of £1.5 billion ($1.9 billion) from Sidara after concluding the sweetened bid "significantly undervalues" its business.

  • May 24, 2024

    Addleshaw Guides Coventry's £780M Co-op Bank Deal

    Coventry Building Society has formalized plans to buy the Co-operative Bank for £780 million ($990 million), the lenders said in a joint statement Friday, a move they claim will create an institution better equipped to challenge larger high street names.

  • May 23, 2024

    Skadden-Led Hg Buys Risk Platform Co. AuditBoard For $3B

    Cooley LLP-advised AuditBoard Inc. on Thursday announced that it has agreed to be bought by European software and services business investor Hg Capital, guided by Skadden Arps Slate Meagher & Flom LLP, in a deal valued at over $3 billion.

  • May 23, 2024

    NY Top Court Revives FanDuel Investors Suit

    New York's top appeals court on Thursday revived a suit brought by FanDuel investors who claim they were deprived of profits from a merger, disagreeing with a lower court's interpretation of Scottish law.

  • May 23, 2024

    Deals Rumor Mill: NY Yankees, Abu Dhabi Bank, Int'l Paper

    Yankees’ minority stake could hit the market, First Abu Dhabi could pay $8 billion for a stake in an Istanbul-based lender, and Suzano could sweeten its $15 billion bid for International Paper. Here, Law360 breaks down the notable deal rumors from the past week.

  • May 23, 2024

    White & Case Adds Former A&O Tax Pro In Luxembourg

    White & Case LLP announced it has added a tax partner to its Luxembourg office from A&O Shearman who specializes in international and Luxembourg corporate tax law.

  • May 23, 2024

    Billionaire Xavier Niel Mulling Potential $4.1B Millicom Buyout

    French billionaire Xavier Niel's Atlas Investissement confirmed Thursday that it is exploring a potential all cash tender offer for Luxembourgish telecommunications provider Millicom International Cellular SA. 

  • May 23, 2024

    Linklaters Guides National Grid On £7B Rights Issue

    National Grid said on Thursday that it will raise net funds of approximately £7 billion ($9 billion) by issuing shares to investors as the owner and operator of gas and electricity networks looks to finance an infrastructure upgrade.

  • May 23, 2024

    A&O Shearman-Led Great Portland Estates To Raise £350M

    Property developer and investor Great Portland Estates PLC said Thursday it is aiming to raise £350 million ($445.5 million) with a rights issue, as the British property developer and investor eyes exploiting relatively low real estate prices in central London.

  • May 23, 2024

    Linklaters Leads Tate & Lyle To Exit US JV For $350M

    Food producer Tate & Lyle said Thursday that it has agreed to sell its remaining stake in its ingredients business in the Americas to U.S. investment firm KPS Capital Partners for $350 million in a deal guided by Linklaters LLP.

  • May 30, 2024

    White & Case Hires 2 Latham Partners In Germany

    White & Case LLP has added two partners from Latham & Watkins LLP with more than three decades worth of experience between them in capital markets to its Frankfurt office.

  • May 23, 2024

    Hargreaves Lansdown Snubs £4.7B Bid From CVC, Abu Dhabi

    The board of Hargreaves Lansdown said Thursday that it has rejected a proposed £4.7 billion ($6 billion) takeover offer from a consortium of private equity companies, including CVC and the sovereign wealth fund of Abu Dhabi.

  • May 22, 2024

    Oaktree Assumes Inter Milan Ownership After Missed Payment

    Oaktree Capital Management LP has taken over ownership of FC Internazionale Milano after the soccer club failed to fully repay a three-year loan from Oaktree that matured this month, leaving a balance of €395m ($428.4 million).

  • May 22, 2024

    Tech Biz Marlowe Announces £75M Share Buyback

    Marlowe PLC said Wednesday it plans to reward investors with a share repurchase program of up to £75 million ($95.5 million) and a special dividend, after regulators greenlighted the completion of its £430 million asset sale.

  • May 22, 2024

    UK Gov't Calls Elections For July 4 Despite Poor Polls

    Prime Minister Rishi Sunak on Wednesday called an early general election to be held on July 4, advancing the electoral timetable even though his Conservative Party lags decisively behind the opposition Labour Party.

  • May 22, 2024

    Anglo American Rejects Latest £38.6B BHP Offer

    British miner Anglo American said Wednesday that it has rejected a third, £38.6 billion ($49.1 billion) proposed takeover from BHP Group Ltd., but has extended the offer deadline to allow the Australian rival more time to put in another bid.

  • May 22, 2024

    Digital Assets Investor To Return Up To £34M To Shareholders

    Phoenix Digital Assets PLC launched on Wednesday a share repurchase program worth up to £33.7 million (£43 million), a move guided by Fladgate LLP, following the sale of some of its assets.

  • May 22, 2024

    Vending Machine Group ME Sells Fruit Juicer For €4.6M

    ME Group International PLC said Wednesday it has sold its entire stake in self-service fruit and vegetable juicer specialist Sempa SAS for €4.6 million ($5 million) in cash, allowing the U.K. company to focus on its core automated vending equipment business.

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