Transactions UK

  • September 11, 2024

    Hausfeld Snaps Up Litigation Pro From Covington In London

    Hausfeld LLP has hired a partner from Covington & Burling LLP in London to boost its profile in commercial disputes, after its office in the U.K. capital recently underwent changes in leadership.

  • September 04, 2024

    Broker Clear Buys 4th Specialist Underwriter

    Insurance broker Clear has acquired specialist underwriter Accelerate Underwriting for an undisclosed amount to grow its managing general agent capabilities.

  • September 04, 2024

    Microsoft Hiring Of Inflection AI Team Too Small To Worry UK

    The U.K.'s antitrust regulator said Wednesday it has ended its probe into Microsoft's hiring of Inflection AI staff, finding the U.S. machine learning specialist's operation was too small to trigger competition concerns.

  • September 04, 2024

    Irish Hotelier Dalata To Launch €30M Share Buyback

    Dalata Hotel Group PLC said Wednesday it will soon begin an up to €30 million ($33 million) share repurchase program aimed at lowering its outstanding share capital, as it reported an improvement in its revenue.

  • September 04, 2024

    EU Scrambles To Close Competition Gap After Illumina Ruling

    The Europe Union's highest court has left the bloc's antitrust authorities struggling to find a way to close an enforcement gap that could make it easier for dominant companies to neutralize startups with its decision that the European Commission had no authority to probe Illumina’s $8 billion acquisition of Grail.

  • September 04, 2024

    Investment Biz Sells Stake In UK Rival For Up To $258M

    Petershill Partners PLC, an investment business operated by Goldman Sachs, said Wednesday it has completed the sale of its entire stake in investment manager LMR Partners in a deal worth up to $258 million.

  • September 04, 2024

    Slaughter And May Leads REIT In £552M Logistics Biz Buy

    Segro said Wednesday that it has agreed to buy Tritax EuroBox, a logistics property investor, in an all-share deal worth approximately £552 million ($724 million), as the corporate real estate owner moves to expand and diversify its portfolio.

  • September 04, 2024

    Investors Get 3rd Extension For £253M Bid For Payments Co.

    Payments technology company Equals said Wednesday that the Panel on Takeovers and Mergers has granted its request to extend a deadline for the third time for a consortium of investors to confirm or cancel their proposed £253 million ($332 million) takeover bid.

  • September 04, 2024

    Mishcon Helps Starwood Capital Buy UK REIT For £674M

    U.S. investment firm Starwood Capital Group said Wednesday that it will buy a British real estate investment trust for £674 million ($884 million), hoping it will perform better as a private company after facing challenges in a tough property market.

  • September 04, 2024

    Sackers, HSF Guide £1.3B Coats UK Pension Insurance Deal

    British textiles manufacturer Coats Group PLC said Wednesday that it has offloaded its retirement savings plan liabilities to Pension Insurance Corp. in a deal worth up to £1.3 billion ($1.7 billion), steered by Sacker & Partners LLP and Herbert Smith Freehills LLP.

  • September 03, 2024

    Loans Investor RM Infrastructure Launches £20M Tender Offer

    RM Infrastructure Income PLC on Tuesday rolled out a program to buy back up to £20 million ($26 million) of its shares, in a move to return capital to investors amid a wind-down process.

  • September 03, 2024

    Revolution Bars Raises £12.5M To Save It From Insolvency

    U.K. nightlife chain Revolution Bars said Tuesday that it has issued new shares to the junior Alternative Investment Market in London after it completed a fundraising and restructuring program to save it from going under.

  • September 03, 2024

    CMA Clears Tate & Lyle Sugar Biz Deal

    Britain's competition authority said Tuesday it has now cleared Tate & Lyle's planned purchase of sugar producer Tereos' U.K. business, as the unit was at risk of shutting down without the deal, which would lead to reduced competition in the industry anyway.

  • September 03, 2024

    BBVA Gets UK Regulatory OK For €12B Bid For TSB Owner

    Spanish lending giant BBVA said Tuesday the U.K.'s Prudential Regulation Authority has given the approval for it to indirectly acquire control of British-based TSB Bank PLC as part of its €12 billion ($13.3 billion) hostile takeover bid of rival Banco de Sabadell.

  • September 03, 2024

    TotalEnergies Forms $444M India JV With Adani

    Energy giant TotalEnergies said Tuesday that it has agreed to invest $444 million to set up a new joint venture with India's largest renewable energy company, Adani Green Energy Ltd., for a solar project in the southeast Asian country.

  • September 03, 2024

    EU Wrong To Probe Illumina's $8B Grail Deal, Top Court Says

    Europe's highest court said Tuesday that the European Commission had no authority to investigate Illumina's $8 billion acquisition of cancer detection company Grail and unwind the deal, as it delivered a blow to the bloc's merger control powers.

  • September 02, 2024

    Simpson Thacher-Led Blackstone Inks €1B Property Deal

    Blackstone Inc. is snapping up an 80% holding in a portfolio of European properties valued at approximately €1 billion ($1.1 billion), seller Burstone Group Ltd. said Monday, with Simpson Thacher & Bartlett LLP advising the asset management giant.

  • September 09, 2024

    A&O Shearman Hires PE Pros From Sidley Austin In London

    A&O Shearman LLP said Monday it has secured a double-hire from Sidley Austin LLP in London as the firm expands its global private equity practice.

  • September 02, 2024

    Freshfields Steers Maritime Biz's £50M Stake Buy In Tech Co.

    Lloyd's Register, a maritime professional services and technology provider, said Monday that it has agreed to buy a majority stake in software business Ocean Technologies Group in a deal anticipated to be worth £50 million ($66 million).

  • September 02, 2024

    William Fry Guides Ireland In AIB's €500M Buyback

    Allied Irish Banks said Monday that it plans to buy back €500 million ($550 million) of its shares from the Irish state to reduce its crisis-era bailout stake in the lender after it disclosed "a very strong first half" of the year.

  • September 02, 2024

    UK Underwriter Dual Buys Specialist Travel Insurance Co.

    Underwriter Dual UK said Monday that it has acquired International Passenger Protection, a managing general agency, as it plots further expansion into the travel insurance sector.

  • September 02, 2024

    Dickson Minto-Led Investor Phoenix To Take Over UK Rival

    Phoenix said Monday that a trust it runs has agreed to a proposal to merge with rival Artemis Alpha Trust PLC to create a stronger investment company with combined net assets potentially worth approximately £353 million ($464 million).

  • September 02, 2024

    Murdoch's REA Group Considering Offer For UK's Rightmove

    Rupert Murdoch's online real estate advertising company said Monday that it is considering making a takeover offer for U.K. property business Rightmove PLC, a move that could force a big-name off of the London Stock Exchange.

  • August 30, 2024

    Monthly Merger Review Snapshot

    The Federal Trade Commission went to court against Kroger's $25 billion purchase of Albertsons and geared up for its looming handbags merger case, the Justice Department added to its case against Live Nation, and the sports-streaming juggernaut partnering ESPN, Fox and Warner Bros. Discovery hit a significant roadblock.

  • August 30, 2024

    UK's Labour Gov't Urged To Raise Capital Gains Tax

    The Labour government is facing calls to raise the capital gains tax despite financial firms advising investors to sell off their assets or even leave the United Kingdom over the possible tax hike.

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