Transactions UK

  • June 12, 2024

    Insurer L&G Plans £200M Share Buyback To Boost Returns

    Legal & General Group PLC on Wednesday said it will launch a £200 million ($255 million) share repurchase program as it unveiled plans to boost returns for investors and focus on core areas of its business.

  • June 12, 2024

    Makeup Biz To Buy Norwegian Logistics Co. For Up To $23M

    Aqua Bio said Wednesday it has agreed to buy Jetcarrier AS, a logistics and customs clearance specialist, for up to 241 million Norwegian kroner ($22.6 million), as the skincare ingredient supplier looks to bolster its supply chain management.

  • June 12, 2024

    Property Investor Special Opportunities Scraps IPO Plans

    Special Opportunities REIT said on Wednesday its planned listing on the London Stock Exchange's standard segment has failed after the U.K. property investor was unable to raise the minimum £250 million ($321 million) needed to proceed with the float.

  • June 12, 2024

    Winemaker's £46M Buy Of Spirits Group Wins Court Backing

    English sparkling wine producer Nyetimber's £46.1 million ($58.8 million) acquisition of The Lakes Distillery, a liquor maker, has won court approval, the companies said on Wednesday.

  • June 12, 2024

    French Tech Co. Atos To Sell Energy Consultancy For €270M

    Atos has said it is selling its energy advisory business to engineering consultancy Alten in a €270 million ($290 million) deal as the French technology company aims to lower its €4.8 billion pile of debt.

  • June 11, 2024

    Serco Denies Directors Knew Of Fraud In Securities Trial

    Serco Group PLC denied investors are entitled to compensation over a fraud that caused the outsourcing giant's share price to nosedive, arguing on the second day of a London trial Tuesday that none of its directors had known about the alleged wrongdoing.

  • June 11, 2024

    Swiss Firm Closes 5th PE Program With Over $15B In Tow

    Switzerland-based private equity firm Partners Group on Tuesday announced that it clinched its fifth direct private equity program after surpassing its $15 billion target, which will be used to invest across the technology, health and life, goods and products, and services verticals.

  • June 11, 2024

    Widow Who Signed Docs 'Without Reading' Still Owes $64M

    A London appellate court has ruled that a former Hong Kong resident can't escape a personal guarantee to pay 500 million Hong Kong dollars ($64 million) to cover bonds issued by her husband's company, in part because she entered the contract for business purposes.

  • June 18, 2024

    Fieldfisher Hires Linklaters RE Pro To Open Brussels Practice

    Fieldfisher LLP has hired a real estate specialist from Linklaters LLP to launch a new practice in Belgium as it ramps up its services to clients in transactional matters and litigation.

  • June 11, 2024

    Graphene Biz Directa Plus Eyes Raising Up To £6.9M

    Directa Plus said Tuesday it plans to raise up to £6.9 million ($8.8 million) by selling shares to investors as it looks to strengthen its operations ahead of an expected boom in demand for graphene.

  • June 11, 2024

    Shakespeare Martineau Adds Finance Pro From Blake Morgan

    Shakespeare Martineau LLP has hired a finance and banking specialist as a partner at the firm's new offices on the south coast of England, where he will work with new and existing clients across a range of sectors.

  • June 11, 2024

    Tanzanian-Focused Explorer Raises £8M For Helium Project

    Helium One Global Ltd. said Tuesday it has raised gross proceeds of £8 million ($10.2 million) through issuing 1.6 billion shares to investors, funds the helium explorer plans to use on its development work in Tanzania, east Africa.

  • June 11, 2024

    Renew Buys Electric Infrastructure Co. For Up To £26M

    Renew Holdings PLC said Tuesday it has bought Excalon Holdings Ltd., an infrastructure contractor, for £22 million ($28 million) upfront, as the U.K. engineering services company eyes entry into the country's growing electricity transmission and distribution market.

  • June 11, 2024

    MLL-Led Tech Toolmaker To Buy Testing Co. For Up To $27M

    Oxford Instruments said on Tuesday that it has agreed to buy FemtoTools, a Zurich-based manufacturer of instruments to probe the properties of micro-structures, for 17 million Swiss francs ($19 million) upfront.

  • June 11, 2024

    Raspberry Pi Debuts In London After Raising £166M

    Technology company Raspberry Pi debuted to institutional investors on the London Stock Exchange on Tuesday after raising £166 million ($211 million) in a rare endorsement of the U.K. capital markets' fitness for technology companies.

  • June 11, 2024

    French Tech Group Atos Accepts Investor's Rescue Plan

    French IT consultancy Atos said Tuesday that it plans to go ahead with a rescue plan led by anchor investor Onepoint to restructure its €4.8 billion ($5.1 billion) debt burden.

  • June 10, 2024

    Arnold & Porter Advises Cognizant On $1.3B Belcan Buy

    Arnold & Porter Kaye Scholer LLP is guiding Cognizant on a newly inked agreement to buy Kirkland & Ellis LLP-repped Belcan for about $1.3 billion, Cognizant said in a statement Monday.

  • June 10, 2024

    BDO Denies Failing To Help In £18.5M Insurance Broker Sale

    Accounting firm BDO LLP has rejected an insurance broker's claims that it is not entitled to payment for merger and acquisition advice because it failed to propose or introduce the buyer that eventually purchased the broker for £18.5 million ($23.6 million).

  • June 10, 2024

    Serco Accused Of Playing Around With Books As Trial Opens

    Institutional investors told a London court Monday that Serco had "played around" with its financial reporting to keeping the government from clocking fraud in its contract for electronic tagging services as a landmark securities trial kicked off.

  • June 17, 2024

    Hogan Lovells Adds Insurance Pro From Slaughter And May

    Hogan Lovells has bolstered its London corporate insurance practice by tapping a former senior counsel from Slaughter and May as a partner.

  • June 10, 2024

    Recruiter Staffline Announces £2.5M Share Buyback

    Staffline Group PLC on Monday launched a share repurchase program of up to £2.5 million ($3.2 million), a move expected to lower the recruitment and training company's outstanding share capital.

  • June 10, 2024

    Amazon Sold Facial Tech To Russia, Ex-Employee Alleges

    A former Amazon worker has alleged that the technology giant sold facial recognition software to a Russian company in violation of U.K. sanctions.

  • June 10, 2024

    DWF Guides Brown & Brown Buy Of NI Broker Rollins

    Insurance giant Brown & Brown Europe Ltd. said Monday it has bought Oscar Rollins & Co. Ltd., a broker based in Northern Ireland, in a deal steered by its in-house legal team and DWF Law.

  • June 10, 2024

    Ad Agency Brave Bison Abandons Bid For UK Rival

    Advertising agency Brave Bison said Monday it has now ended its interest in potentially buying The Mission Group PLC, claiming its peer refused to enter into constructive negotiations and provide important commercial data.

  • June 10, 2024

    Partway Group To End Trading On London's Junior Market

    Partway Group PLC said Monday that it will end the trading of its shares on London's growth market after the shell company failed to find a target business to acquire.

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