Transactions UK

  • June 05, 2024

    Private Equity Giant To Buy €438.7M Stake In Italy's FiberCop

    KKR will buy the stake held by the Italian subsidiary of Swisscom AG in a fiber company for €438.7 million ($476.8 million), the companies said on Wednesday, as the private equity giant expands its presence in the telecommunications market in the country.

  • June 05, 2024

    AstraZeneca Completes $2.4B Deal To Buy Pharma Co. Fusion

    Drugmaker AstraZeneca said on Wednesday that it has bought Fusion Pharmaceuticals Inc., a Canadian company that specializes in oncology, for $2.4 billion in cash to bolster its range of cancer treatments.

  • June 04, 2024

    HP Fraud Charges Against Ex-Autonomy Execs Head To Jury

    Closing arguments wrapped Tuesday in a California federal criminal trial over claims that former Autonomy CEO Michael Lynch and ex-finance vice president Stephen Chamberlain duped HP into overpaying billions for the British tech company, with Chamberlain's lawyer saying his client did his job "in good faith," which, in the court's eyes, is a "complete defense."

  • June 04, 2024

    Apollo Leading $11B Investment For 49% Stake In Intel JV

    Apollo Global Management said Tuesday it's heading up an $11 billion investment to acquire a 49% interest in a joint venture with Intel Corp. related to Intel's Fab 34 chip factory in Leixip, Ireland.

  • June 04, 2024

    Illumina Board Puts Grail Spinoff In Motion After EU OK

    Illumina Inc. said Tuesday that its board had approved a spinoff of its cancer detection company following a push by activist heavyweight Carl Icahn and an ultimate order from European authorities to dispose of the asset. 

  • June 04, 2024

    Faron Pharmaceuticals Launches €30.7M Fundraise

    Faron Pharmaceuticals Oy on Tuesday announced a program to raise approximately €30.7 million ($33.4 million) as it looks to secure funding to meet its key milestones, including the development of its lead medical therapy.

  • June 04, 2024

    Tech Co. Checkit To Buy Rival Crimson Tide For £12M

    U.K. software company Checkit PLC said Tuesday it has agreed to merge with peer Crimson Tide for £12 million ($15 million) to grow the business.

  • June 04, 2024

    Enviro Assets Investor To Launch £10M Share Buyback

    Green assets investor Octopus said on Tuesday that it is launching a share buyback worth up to £10 million ($12.8 million) — the first chunk of a wider program that aims to reduce outstanding share capital amid concerns its stock is undervalued.

  • June 04, 2024

    Blackstone, Regis To Buy £580M New-Homes Portfolio

    Real estate investors Blackstone and Regis will buy a portfolio of new-build homes worth £580 million ($740 million) from Vistry Group PLC, the U.K. home builder said on Tuesday.

  • June 03, 2024

    Ex-Autonomy CEO 'Had 500M Reasons' For Fraud, Jury Told

    Autonomy's ex-CEO Michael Lynch "had 500 million reasons to defraud HP," since he reaped $500 million by selling his company to the tech giant at an inflated price, a federal prosecutor argued Monday during closings for the businessman's criminal trial, while Lynch's lawyer told jurors, "HP was not a victim."

  • June 03, 2024

    Everton's Sale To Embattled PE Firm Off The Table, For Now

    Everton Football Club has let its sale to private equity firm 777 Partners LLC lapse amid legal troubles for the buyer and concerns from minority shareholders about the deal, although no official reason was given in its Saturday announcement.

  • June 03, 2024

    LexisNexis Acquires Belgian Contract Co. Henchman

    LexisNexis Legal & Professional announced Monday the acquisition of Belgium-based contracting drafting platform Henchman.

  • June 03, 2024

    Apax Sells £92.4M Worth Of Shares In Baltic Classifieds Group

    Private equity firm Apax Partners LLP said Monday it has sold 40 million shares in the capital of Baltic Classifieds Shares PLC, a Lithuanian holding company, for approximately £92.4 million ($120 million).

  • June 03, 2024

    Squire Patton Steers WH Ireland On £5M Asset Sale

    Wealth manager WH Ireland Group PLC said Monday it has conditionally agreed to sell its capital markets arm and some of its assets to Zeus Capital Ltd. for up to £5 million ($6.4 million).

  • June 03, 2024

    IT Biz To Buy Tech Consultant's Banking Software For €330M

    Franco-American information technology company Axway said Monday that it will buy most of the banking software activities of Sopra Steria Group, in a deal that values the platform at €330 million ($358 million).

  • June 03, 2024

    Hipgnosis Backs Blackstone's Sweetened £1.6B Buyout Offer

    Music rights giant Hipgnosis Songs Fund Ltd. said Monday that it will back a sweetened $1.6 billion bid from Blackstone Inc., as the private equity heavyweight restructures its offer to make it easier to take over the entire company.

  • May 31, 2024

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

    This past week in London has seen financier Crispin Odey file a defamation claim against the Financial Times, Ford hit with the latest "Dieselgate" claim and a human rights activist bring a privacy claim against Saudi Arabia. Here, Law360 looks at these and other new claims in the U.K.

  • June 07, 2024

    Clifford Chance Hires New Capital Markets Partner In Frankfurt

    Clifford Chance LLP has brought on a new partner from White & Case LLP to its global capital markets practice in Frankfurt as it aims to strengthen its ability to advise corporate finance clients on a multinational scale.

  • May 31, 2024

    UBS Formally Completes Merger Of Credit Suisse

    UBS Group AG said Friday that it has formally completed the legal merger of stricken Credit Suisse AG, 18 months after regulators brokered the deal to prevent the collapse of its rival.

  • May 31, 2024

    Investor Sells £262M Of Associated British Foods Shares

    Howard Investments Ltd. has sold around 10.3 million shares of giant retailer Associated British Foods PLC, raising approximately £262 million ($333 million), bookrunner UBS AG said Friday.

  • May 31, 2024

    Freshfields Guides Gov't Sale Of £1.2B In NatWest Shares

    HM Treasury said Friday it has sold more NatWest Group PLC shares worth £1.24 billion ($1.57 billion) back to the lender, as the U.K. government continues its planned exit from the bank it nationalized during the global financial crisis.

  • May 31, 2024

    Revolution Bar Chain To Launch Restructure Plan, Drops Sale

    Struggling Revolution Bars said Friday that it will launch a restructuring plan and is no longer looking for suitors after failing to attract offers for the entirety of the nightlife group.

  • May 31, 2024

    BBVA To Tap Shareholders To Fund €12B Hostile Takeover

    Spanish banking giant BBVA said Friday that it has called a shareholders' meeting to approve the sale of new shares in a package to finance the €12 billion ($13 billion) hostile takeover of its smaller rival, Banco de Sabadell SA.

  • May 31, 2024

    Nationwide's Planned £2.9B Virgin Money Deal Gets UK Probe

    The Competition and Markets Authority said Friday it has opened a formal probe into Nationwide Building Society's plans to buy Virgin Money for £2.9 billion ($3.7 billion), which they say would create a combined group with assets of approximately £366 billion.

  • May 30, 2024

    Autonomy VP Declines To Take Stand As Fraud Trial Nears End

    Testimony wrapped Thursday in a California federal criminal trial over claims that former Autonomy CEO Michael Lynch and finance vice president Stephen Chamberlain duped HP into overpaying billions for the British tech company, as Chamberlain opted not to testify in his own defense after Lynch stepped off the witness stand.

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