Transactions UK

  • January 07, 2025

    London Software Co. Receives Two £315M Takeover Bids

    Team Internet Group PLC said Tuesday that it has received two competing bids from investment managers TowerBrook and Verdane, which each value the internet services company at approximately £315 million ($394 million).

  • January 07, 2025

    Trust Says Investment Co.'s Record Label Purchase Is Void

    A trust that held shares in a leading independent recording label has sued an investment company, accusing it of wrongly purchasing the shares for £3.3 million ($4.1 million) following a botched auditor's valuation.

  • January 07, 2025

    Gallagher Sues Ex-CEO For £1.85M Over 'Fraud' In Exit Talks

    Gallagher's benefits and consulting arm has sued the former chief executive of a company it acquired for more than £1.85 million ($2.32 million) for allegedly withholding information about a major client that inflated the financial prospects of the business and the severance he received.

  • January 07, 2025

    Fagron Expands In Americas With 2 Acquisitions For €30M

    European pharmaceutical company Fagron NV said Tuesday that it has agreed to acquire a pharma company in the U.S. and a packaging business in Brazil for a combined total of approximately €30 million ($31 million), expanding its footprint in the Americas.

  • January 07, 2025

    Travers Smith Steers £540M Pension Deal For UK Retailer

    Footwear retailer Clarks has offloaded £540 million ($677 million) of its staff retirement liabilities to Pension Insurance Corp. PLC, the insurer said Tuesday, in a deal guided by Burges Salmon, Travers Smith and CMS.

  • January 07, 2025

    Swiss Bank Julius Baer To Sell Brazilian Biz For $100M

    Julius Baer said Tuesday that it has agreed to sell its domestic Brazilian wealth management business to Latin American investment bank BTG Pactual SA for 615 million Brazilian reais ($102 million).

  • January 07, 2025

    UK Consultant Ricardo Seals $64M Stake In Adviser E3

    Ricardo PLC said on Tuesday that its subsidiary has finalized the acquisition of 85% of Australian infrastructure adviser E3 for 101.4 million Australian dollars ($63.6 million) as the U.K. consultancy looks to expand its global presence.

  • January 07, 2025

    PE Firm Lovell Minnick Invests In UK Consultancy Broadstone

    Lovell Minnick said Tuesday that it has taken a stake in Broadstone, a British financial services consultancy, as the U.S. private equity firm eyes a slice of the growing advisory sector.

  • January 07, 2025

    Investor Joins Fight Against Saba's Plans To Oust Boards

    Another investment trust listed on the London Stock Exchange told its shareholders on Tuesday to vote against what it called a "self-interested and misleading plan" by U.S. hedge fund Saba Capital Management LP to replace its board.

  • January 06, 2025

    Royal London Sued For £27M Over Company Sale

    Asset manager M&G is suing Royal London for at least £27 million ($33.8 million) for allegedly failing to disclose a range of issues linked to a company the mutual insurance and investment firm sold to M&G that it says would have lowered the company's value had they been revealed.

  • January 06, 2025

    France's New Finance Minister Hints At Capital Gains Hike

    The newly formed French government is open to raising the capital gains tax as part of concessions in talks to settle the country's budget for 2025, the finance minister said Monday.

  • January 06, 2025

    Balfour Beatty Begins Initial £50M Tranche Of Buyback

    Infrastructure giant Balfour Beatty said Monday that it will buy back up to £50 million ($62.7 million) of its shares in the first tranche of its 2025 share buyback program to reduce its shares in the open market.

  • January 13, 2025

    3rd BCLP Partner Joins Shoosmiths In 6 Months

    Shoosmiths LLP has hired a dealmaker to join its corporate finance department in London from Bryan Cave Leighton Paisner LLP — the third senior lawyer to switch between the firms in just six months.

  • January 06, 2025

    UK Engine Maker Equipmake Confirms Sale Interest

    Equipmake Holdings PLC said Monday its attempt to sell the maker of electric vehicle engines has attracted "credible interest" from several suitors amid continuing uncertainty about whether it will secure a major new contract.

  • January 06, 2025

    Diversified Energy Buys Appalachian Gas Assets For $45M

    Diversified Energy Company PLC said on Monday it has acquired natural gas assets in Virginia, West Virginia and Alabama for $45 million from Summit Natural Resources, another operator based in the U.S.

  • January 06, 2025

    More Investment Firms Fight Saba's Plans To Oust Boards

    Another two investment companies listed on the London Stock Exchange warned shareholders on Monday against voting for proposals by Saba Capital Management LP to infiltrate their boards with its own nominees, calling the U.S. hedge fund's plans "opportunistic" and "self-serving."

  • January 03, 2025

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

    This past week in London has seen Chris Eubank Jr. hit with a libel claim from a boxing promoter, a perfume boss face proceedings from his businesses following sanctions violations claims, and Israeli broadcasters file intellectual property claims against BT and Sky. Here, Law360 looks at these and other new claims in the U.K.

  • January 03, 2025

    Animal Health Co. Completes $74M Deal For Vet Biz

    A subsidiary of Animalcare pharmaceutical group said Friday that it has finalized its acquisition of Randlab, an Australian equine veterinary business, for 120 million Australian dollars ($74.6 million).

  • January 03, 2025

    PE Firm Permira To Buy Stake In Energy Adviser Westbridge

    British investment company Permira Funds has agreed to acquire a majority stake in Westbridge Advisory, a European energy and sustainability consultancy for the real estate industry.

  • January 03, 2025

    Revolution Beauty Settles Chrysalis Legal Claim Over Shares

    Revolution Beauty has settled a potential £45.2 million ($56 million) legal dispute with Chrysalis Investments over share purchases made by the former major shareholder in the U.K. cosmetics company, according to a public statement made to the London Stock Exchange.

  • January 03, 2025

    UK Investment Firm To Fight Plan By Saba To Oust Board

    Investment company Herald Investment Trust PLC urged shareholders on Friday to vote against plans by Saba Capital Management LP to oust its board after the New York hedge fund criticized the "disastrous" returns to shareholders at seven London-listed trusts.

  • January 03, 2025

    UK Electrics Biz To Make Deferred Payout In 2023 Turkish Deal

    British electronic components maker Volex PLC said Friday that the Turkish manufacturing business it bought in 2023 has now passed the pre-tax profit targets agreed when it was acquired.

  • January 02, 2025

    Ex-Kennedys Manager Fined £27K For Due Diligence Failures

    A former manager with Kennedys Law LLP has been fined £27,500 ($34,000) for carrying out inadequate client due diligence surrounding a property development fraud that saw directors pocket over £6.5 million of their investors' money.

  • January 02, 2025

    Mayer Brown Hires Structured-Finance Pro From White & Case

    Mayer Brown LLP announced on Thursday that it had hired a senior structured-finance lawyer from White & Case LLP in London to add to its strengths representing clients in the private capital market.

  • January 02, 2025

    Ad Agency Sells Unit For £17.4M, Begins £1.5M Buyback

    Ad agency The Mission Group PLC said Thursday that it has sold its science and technology-focused marketing business April Six to U.S.-company Marketbridge Inc. for up to £17.4 million ($21.5 million) to aid in clearing its debt.

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