Transactions UK

  • October 15, 2024

    Ventilation Biz Told To Sell UK Sites After CMA Probes Deal

    The Competition and Markets Authority said Tuesday that Swedish ventilation company Lindab must sell two sites in the U.K. after finding that its now-completed deal to snap up a British rival could lead to higher prices.

  • October 14, 2024

    Latham-Led TI Fluid To Back Apollo's Increased £1B Offer

    Auto parts supplier TI Fluid Systems PLC said Monday that it has received an offer worth approximately £995 million ($1.3 billion) from private equity-backed Canadian competitor ABC Technologies Inc., which the British company indicated it is inclined to accept.

  • October 14, 2024

    Netherlands To Buy 2 Air Defense Systems For $1B

    Norwegian company Kongsberg Group said Monday that the government of the Netherlands has agreed to acquire two air defense systems from its defense and aerospace division for approximately 11 billion Norwegian krone ($1 billion).

  • October 14, 2024

    Permira Wraps $7.2B Deal For Squarespace Amid Litigation

    Private equity firm Permira said Monday that it has successfully bought the outstanding stock of Squarespace Inc. in its proposed $7.2 billion deal to take the website builder private, amid ongoing shareholder litigation in the U.S. challenging the transaction.

  • October 14, 2024

    PE Biz BP Marsh Invests £2.5M In Startup Underwriter Volt

    BP Marsh & Partners PLC said Monday that it has made an investment worth up to £2.5 million ($3.3 million) in Volt UW HoldCo. Ltd., snapping up a 25.5% stake in the insurance startup that specializes in energy transition.

  • October 14, 2024

    Baker McKenzie Leads Lundbeck's $2.6B Deal For US Pharma

    Lundbeck said Monday that it has agreed to buy Longboard, a U.S. biopharmaceutical business, for $2.6 billion in cash as the Danish drug giant aims to capture a drug with "blockbuster potential" to treat a rare form of epilepsy.

  • October 21, 2024

    Mayer Brown Taps Life Insurance Expert From Skadden

    Mayer Brown LLP has hired an insurance expert as a partner at its London practice as the U.S.-based firm looks to boost its U.K. presence in the complex life insurance sector.

  • October 14, 2024

    Pulp Giant Int'l Paper Shareholders Back £5.8B DS Smith Buy

    International Paper Co. said Monday that its shareholders have "overwhelmingly" supported the planned £5.8 billion ($7.6 billion) all-share purchase of DS Smith PLC, its smaller U.K. rival, as the packaging giant eyes overseas expansion.

  • October 14, 2024

    Rockhopper Insures Against Italy Annulling €190M Award

    British energy company Rockhopper Exploration PLC said Monday that it has penned an insurance policy to cover the potential annulment of the €190 million ($207 million) arbitral award it won against Italy after the country banned oil and gas projects off its coastline.

  • October 14, 2024

    Mulberry Weighs Position After Shareholder Rejects £111M Bid

    Luxury brand Mulberry Group PLC said Monday that it is reviewing its position after its majority shareholders rejected a sweetened £111 million ($145 million) proposed takeover bid from Frasers Group.

  • October 11, 2024

    France Targets Largest Cos. With Tax In Austerity Budget

    The French government said it plans to implement a temporary tax targeting the country's biggest companies as part of a budget of €61.3 billion ($67 billion) of fiscal changes intended to help bring the deficit in line with European Union rules.

  • October 11, 2024

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

    This past week in London has seen billionaire Lakshmi Mittal sue steel magnate Sanjeev Gupta in a long-running clash to claw back €140 million ($153 million) of debt, a high-profile AI researcher take action against the Intellectual Property Office to register his software as a listed patent inventor and troubled housing trust Home Reit face a claim by a real estate developer. Here, Law360 looks at these and other new claims in the U.K.

  • October 11, 2024

    Myprotein Owner Raises £95M Equity For Ingenuity Demerger

    Myprotein British bodybuilding supplement brand owner THG PLC said Friday that it has raised £95 million ($124.8 million) in an oversubscribed equity offering from new investors and existing shareholders that will help it with its plans to demerge its commerce division Ingenuity.

  • October 11, 2024

    Linklaters Guides £145M Pension Deal For Church Of England

    The Church of England Pensions Board said it has closed a £145 million ($190 million) pensions risk transfer transaction with Aviva, securing the benefits of the retirements savings plan's members.

  • October 18, 2024

    O'Melveny Hires Expert PE Duo From Ashurst

    O'Melveny & Myers LLP has added two private equity experts from Ashurst LLP to its London office as partners in the firm's private equity group, strengthening its cross-border capabilities.

  • October 11, 2024

    Taxation With Representation: Davis Polk, Latham, Kirkland

    In this week's Taxation With Representation, Rio Tinto agrees to acquire Arcadium Lithium for roughly $6.7 billion, Ares Management Corp. and GCP International reach a $3.7 billion deal, and Butterfly Equity announces plans to buy The Duckhorn Portfolio for $2 billion.

  • October 11, 2024

    Waste Co. Directors Hit Back At Energy Biz Buyer For £5.4M

    The directors of a waste management company have hit back with a £5.4 million ($7.1 million) counterclaim against a business that acquired their food waste processing plant, accusing the buyer of diverting waste away from the operation to minimize performance-based payments.

  • October 11, 2024

    Retirement Savings Consultancy Isio Buys Pension Broker

    Isio Group Ltd. said Friday that it has inked a deal to buy pensions specialist K3 Advisory Ltd., which it expects will enhance its business amid "strong demand" for transactions in the retirement savings sector.

  • October 11, 2024

    UK Insurer Saga In Talks Over £140M 20-Year Deal With Ageas

    Travel and insurance company Saga PLC confirmed Friday that it was in "exclusive negotiations" with Ageas over a two-decade partnership, as well as the sale of its underwriting unit to the Belgian business.

  • October 10, 2024

    Private Equity Behind Half Of UK Insurance Intermediary Deals

    Private equity-backed transactions continue to dominate the mergers and acquisitions scene in Britain's insurance distribution sector, which could see a rise in transactions this month despite a quiet September, according to financial services advisory firm MarshBerry.

  • October 10, 2024

    Miner Liable To PE Firm Over Axed $1B Brazilian Mine Deal

    South African miner Sibanye-Stillwater is liable to pay damages to private equity firm Appian Capital Advisory LLP for withdrawing from a $1 billion deal to buy two Brazilian copper and nickel mines, a London court ruled Thursday.

  • October 10, 2024

    Sen. Warren, Novo At Odds On Merits Of $16.5B Deal

    Sen. Elizabeth Warren on Thursday raised the alarm on Novo Holdings' planned $16.5 billion purchase of Catalent, arguing the transaction could give Novo "unprecedented" control over the production of certain obesity drugs by Eli Lilly and other top competitors, but Novo insists the deal would give it no such edge.

  • October 10, 2024

    Ashurst-Led Renewi Injects £125M Into UK Biz For Biffa Deal

    International waste management company Renewi PLC said Thursday it completed its deal to sell its loss-making U.K. municipal operations to British peer Biffa Ltd. in a deal guided by Ashurst LLP that included a £125 million ($163.1 million) cash injection.

  • October 17, 2024

    Sidley Boosts Global Finance Practice With 5 Partner Hires

    Sidley Austin LLP has bolstered its global finance practice with the hire of five new partners in the firm's London office from Latham & Watkins LLP.

  • October 10, 2024

    Conyers Guides UIL On £29M Deal For Mining Investor Stake

    UIL Ltd. said Thursday it has acquired a £28.7 million ($38 million) stake in a mining investment business from General Provincial Life Pension Fund Ltd., as it looks to take full ownership of Zeta Resources Ltd. in a deal led by Conyers.

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