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Transactions UK
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March 19, 2025
Ropes & Gray Opens Paris Office With Clifford Chance Trio
Ropes & Gray LLP said Wednesday it has debuted in Paris with three former Clifford Chance LLP partners, with the boss of the new office attesting that the Magic Circle firms don't offer clients the best route to the U.S. market.
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March 12, 2025
Regulatory Rollback Gathers Pace As Programs Axed
The City watchdog has dropped three of its top regulatory initiatives, responding on Wednesday to industry criticism and government pressure to boost competitiveness and economic growth.
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March 12, 2025
Gold Mining Co. Must Pay Adviser $2M For Merger Work
A London court on Wednesday awarded an investment bank $2 million for work it did for a gold mining giant as part of a merger that created what was then the largest mining company in the world.
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March 12, 2025
EU Targets US Goods In Response To Trump's Tariffs
The European Commission said Wednesday that it will impose tariffs on American goods imported into the European Union in response to U.S. tariffs placed on EU steel and aluminum exports.
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March 12, 2025
Balfour Beatty Discloses £125M Buyback For 2025
Balfour Beatty PLC said Wednesday that it will buy back up to £125 million ($162 million) of its shares in 2025 to reduce its shares in the open market, as the infrastructure giant reported "strong progress" in its financial results for 2024.
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March 12, 2025
Vinge-Led Nordic Care Biz To Enter Finland With $137M Buy
Scandinavian care provider Ambea said Wednesday that it has entered into the Finnish care market by agreeing to acquire another operator, Validia Oy, for approximately 1.38 billion Swedish kronor ($137 million) in a deal guided by Vinge.
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March 12, 2025
Charles Russell-Led Cake Biz To Buy Candy Co. For £22M
Cake Box Holdings PLC said Wednesday it has agreed to buy Asian confectionary maker Ambala Foods Ltd. for £22 million ($28.5 million), as the U.K. food retailer moves to expand its product range and grow the business.
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March 12, 2025
Real Estate Co. Sirius To Buy UK Business Park For £40.5M
Sirius said Wednesday it has agreed to acquire a business park and adjoining land near England's south coast for a total of £40.5 million ($52.4 million), as the industrial property operator continues its European expansion.
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March 12, 2025
L&G Launches £500M Buyback, Reports 6% Rise In Profits
Legal & General Group PLC said Wednesday that it plans to line shareholders' pockets with £500 million ($647 million) over 2025 as it reported a 6% rise in core operating profits for 2024.
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March 11, 2025
CMA's Big Tech Enforcement To Focus On UK Impact
An official for the Competition and Markets Authority said the agency will focus enforcement efforts against technology companies on issues that have a local impact in the United Kingdom and is less likely to act on issues already being addressed by other authorities.
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March 11, 2025
Dublin's Eaton To Buy US-Based Fibrebond For $1.4B
Irish power management company Eaton said Tuesday it has agreed to acquire Louisiana-based Fibrebond Corp. for $1.4 billion as it looks to bolster its presence in data center markets.
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March 11, 2025
Financial Services Biz TP ICAP Starts 4th £30M Buyback
Financial services firm TP ICAP Group PLC on Tuesday started a fourth share buyback of up to £30 million ($39 million), saying it could potentially proceed with plans to list its data business in the U.S. within months.
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March 11, 2025
Darrois-Led Zydus To Buy French Medical Tech Co. For €257M
India-based life sciences company Zydus said Tuesday that it has agreed to acquire French medical technology company Amplitude Surgical SA for an initial price of €256.8 million ($280 million) from European private equity firm PAI Partners and other investors.
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March 11, 2025
Norway Insurer Gjensidige To Buy Home Cover Rival For $40M
Gjensidige Forsikring ASA said Tuesday it has agreed to acquire home coverage specialist Buysure AS and its subsidiary for up 430 million Norwegian krone ($40.4 million), as the insurance company moves to diversify its business.
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March 11, 2025
Jones Day-Led CareTrust Bids £448M For UK Care REIT
U.S. seniors housing company CareTrust said Tuesday that it has agreed to acquire Care REIT PLC for approximately £448 million ($580 million) to enter the British care homes market in a deal guided by Jones Day and Travers Smith LLP.
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March 11, 2025
Parts Biz Rotork To Launch £50M Buyback, Korean Purchase
Industrial valve maker Rotork said Tuesday that it plans to kick off a share buyback program worth up to £50 million ($65 million) amid the acquisition of a privately held company in South Korea.
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March 11, 2025
Nationwide To Pay £600M In Rewards After Virgin Money Deal
Nationwide Building Society said Tuesday that it plans to reward its members with a total of £600 million ($775 million) after completing its £2.9 billion takeover of rival lender Virgin Money UK.
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March 10, 2025
Latham-Led Physical Therapy Startup Hinge Health Files IPO
Artificial intelligence-focused physical therapy startup Hinge Health Inc. on Monday filed plans for an initial public offering, represented by Latham & Watkins LLP and underwriters counsel Davis Polk & Wardwell LLP, joining a growing number of IPO prospects.
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March 10, 2025
Travers Smith-Led DBAY Ups Alliance Pharma Bid To £362M
Asset manager DBAY Advisors said Monday that a bidding company it formed in partnership with a European private equity fund has agreed to increase its offer for British consumer healthcare company Alliance Pharma to approximately £362 million ($468 million).
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March 10, 2025
PIB Insurance Group Acquires Litigation Insurer Litica
PIB Group said Monday it has bought litigation insurance provider Litica in the latest in a string of acquisitions announced by the U.K.-based business over recent months.
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March 10, 2025
Eversheds Guides Canada Life £361M Pension Scheme Deal
Insurer Canada Life Ltd. said Monday it has finalized a buy-in transaction with a U.K. pension scheme worth £361 million ($465 million).
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March 10, 2025
Kirkland-Led BWGI Offer Values French Glass Co. At €6.1B
Asset manager BWGI said Monday it is making an offer for the shares of Verallia it doesn't already own, giving the French glass packaging maker an enterprise value of €6.1 billion ($6.6 billion), in a deal guided by Bredin Prat and Kirkland.
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March 10, 2025
Aviva Finalizes £4.8M Buy-Out For Defunct Fruit Distributor
Aviva PLC said Monday it has finalized a bulk purchase annuity buy-out with a pensions scheme for a now-defunct U.K. fresh fruit distributor A Gomez Ltd. for £4.8 million ($6.2 million).
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March 10, 2025
Watches Of Switzerland Begins £25M Share Buyback
High-end watch retailer Watches of Switzerland started the clock Monday on a stock buyback program worth up to £25 million ($32 million) as it looks to invest in upgrading showrooms and reward shareholders.
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March 10, 2025
PE Biz Pays €100M For 15.2% Stake In German Wind Farm
U.K. private equity business Equitix Investment Management has completed its €100 million ($108.5 million) acquisition of a 15.2% stake in the Gode wind farm, off the coast of Germany, as it seeks to expand into the offshore energy sector.
Expert Analysis
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Where New UK And EU Vertical Agreements Rules Diverge
The lack of alignment between new EU and U.K. rules on vertical agreements is likely to present challenges to multinational businesses, and it would be prudent for legal advisers and companies to bear in mind the most stringent obligations of both, says Robert Bell at Armstrong Teasdale.
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A Look Ahead At What The German M&A Market Holds In Store
Despite signs of a possible recession, there is still significant M&A activity in the German market, with long-term strategic planning, private equity investors, multiparty involvement and even the state all playing an important role, says Michael Ulmer at Cleary.
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Tips For Handling Audio Data In E-Discovery Post-Pandemic
The rise of remote meetings during the COVID-19 pandemic has boosted the volume and importance of audio data in e-discovery — so organizations in highly regulated industries must collect and process that data, and establish complex strategies to manage their audio records, says Jack Bullen at FTI Consulting.
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Agreement Among Litigants Key To Using E-Discovery Tech
Parties are increasingly using e-discovery technologies to control costs, but as a New York federal court order in Actos Antitrust Litigation shows, a well-drafted, negotiated protocol allows them to address potential objections prior to use and helps protect against later claims of incomplete production, say attorneys at McGuireWoods.
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4 Ways M&A Deals Are Changing
There are signs that the market may be cooling, but recent trends in M&A transactions reflect more than just market strength and indicate that there has been a more general change in deal approach, say attorneys at DLA Piper.
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Opinion
Law School Admissions Shouldn't Hinge On Test Scores
The American Bar Association recently granted law schools some latitude on which tests it can consider in admissions decisions, but its continued emphasis on test scores harms student diversity and is an obstacle to holistic admissions strategies, says Aaron Taylor at AccessLex.
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How Market Challenges Are Affecting Deal-Making Trends
As private equity investors adjust to a new period of volatility and uncertainty in the marketplace, various trends in deal making are emerging in order to bridge valuation gaps and address financing concerns, say Alvaro Membrillera and Anna Pollak at Paul Weiss.
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What Digital Asset Decisions Mean For Future Disputes
Following a number of recent landmark decisions in the English courts, the law continues to develop in the sphere of digital assets, and several themes are emerging that will benefit both individuals and organizations, say Chris Recker at Duane Morris and Celso De Azevedo at The 36 Group.
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A Look At UK's 1st Report On Security Regime For Deals
The U.K. government’s recent report on the National Security and Investment Act, covering its first three months since it came into force in January, suggests that the regime may not be leading to a surge in benign notifications and that the government is responding quickly, which is good news for businesses, say attorneys at Cooley.
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What EU Changes To Dual Distribution Mean For Franchises
Following the European Commission’s adoption of the Vertical Block Exemption Regulation and accompanying vertical guidelines regarding dual distribution, which took effect this month, franchisors should examine their flow of information to and from franchisees to determine whether it must be restricted, say attorneys at Baker McKenzie.
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How ESG Matters Are Influencing M&A Due Diligence Trends
With a proliferation of environmental, social and governance-related regulatory developments and a desire to comply with best practice, ESG matters have become an increasingly important area of focus for both clients and advisers in M&A transactions, say attorneys at Sullivan & Cromwell.
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Changes To UK Competition Rules Will Extend CMA Powers
Recent amendments to U.K. competition and consumer law regimes introduce changes to merger control and antitrust investigations that will result in the speedier resolution of cases and greater autonomy for the Competition and Markets Authority, say Bill Batchelor and Aurora Luoma at Skadden.