Transactions UK

  • March 05, 2025

    Royal Mail's £3.6B Sale Awaiting Romanian Clearance

    The proposed £3.6 billion ($4.6 billion) acquisition of the parent company of Royal Mail by a conglomerate controlled by a Czech billionaire is awaiting clearance in Romania, the companies said Wednesday.

  • March 04, 2025

    CVC Wraps Strategic Opportunities Fund With €4.6B In Tow

    Private equity shop CVC Capital Partners, led by Simpson Thacher & Bartlett LLP, on Tuesday said that it closed its third strategic opportunities fund after securing €4.61 billion ($4.9 billion) of investor commitments.

  • March 04, 2025

    Products Testing Firm Intertek To Launch £350M Buyback

    Intertek Group PLC said Tuesday it will soon roll out an initial share repurchase program of up to £350 million ($445 million), as the products testing and certification business reported revenue growth and potential for more buybacks.

  • March 04, 2025

    Beazley Launches $500M Buyback Amid 'Record' Profits

    Beazley PLC said Tuesday it will kick-start a share buyback scheme worth up to $500 million, as the insurer disclosed record profits in 2024 despite taking a hit from natural disasters.

  • March 04, 2025

    Verdane Ends £315M Offer Talks For Team Internet

    Swedish investment manager Verdane on Tuesday said it has backed out of talks to make a £315 million ($401 million) offer for British software company Team Internet Group PLC.

  • March 04, 2025

    Eversheds-Led XP Power To Raise £42M Via Share Sale

    XP Power Ltd. on Tuesday launched a sale of new shares in the company worth up to £42 million ($53.4 million), as the Singapore-based power component manufacturer looks to bolster its balance sheet in a "challenging" market.

  • March 04, 2025

    UK Car Retailer Inchcape Revs Up £250M Share Buyback

    Inchcape said Tuesday that it has launched a £250 million ($320 million) share buyback program with the sole purpose of lowering its outstanding share capital.

  • March 04, 2025

    Abu Dhabi, Austria Groups Agree To $60B Plastics Biz Merger

    The Abu Dhabi National Oil Co. and OMV AG of Austria said Tuesday that they will merge their plastics businesses to create a $60 billion global heavyweight, concluding lengthy talks about the deal.

  • March 03, 2025

    Monthly Merger Review Snapshot

    Japan's Nippon Steel is challenging a decision blocking its $14.9 billion merger with U.S. Steel Corp. on national security grounds, as door manufacturer Jeld-Wen continues fighting a landmark order forcing it to sell a Pennsylvania factory and the Justice Department pushes cases targeting mergers in the home health, networking and corporate travel spaces.

  • March 03, 2025

    Simpson Thacher-Led ICG Wraps $11B Secondaries Fund

    British private equity shop ICG, led by Simpson Thacher & Bartlett LLP, said Monday it has clinched its fifth general partner-led secondaries fund well above target after securing $11 billion of capital commitments.

  • March 03, 2025

    $1.4B Genesis Deal Creates Top Global Soda Ash Producer

    Genesis Energy LP said Monday it has completed the sale of its soda ash manufacturing Alkali Business to an affiliate of WE Soda Ltd. at an enterprise value of $1.425 billion, creating what the buyer said is the largest soda ash producer in the world.

  • March 03, 2025

    Infrastructure Investor Expands Share Buyback By £100M

    HICL Infrastructure PLC on Monday began a new £100 million ($127 million) share buyback program, building on a stock repurchase program that has just ended, amid concerns over the price of its shares.

  • March 03, 2025

    Brookfield Launches In UK To Tap Pension Buyout Demand

    North American investment giant Brookfield Corp. said Monday it is poised to enter the U.K. pension transfer market, amid an increasing number of retirement savings plans offloading their liabilities to insurers.

  • March 03, 2025

    AXA Launches €1.2B Share Buyback After Profit Gain

    AXA SA on Monday kick-started a program to repurchase up to €1.2 billion ($1.25 billion) worth of its own shares, after the French insurance giant unveiled a "very strong performance" for its 2024 financial year.

  • March 03, 2025

    Pension Insurer Utmost Appoints Schroders For £400M Book

    Utmost Life and Pensions has appointed Schroders to act as asset manager for its retirement portfolio, after the insurer entered the bulk purchase annuity market last year.

  • March 03, 2025

    Packaging Biz Bunzl Extends Share Buyback By £150M

    Packaging materials business Bunzl PLC said Monday it will extend its ongoing share buyback program by repurchasing a further £150 million ($190 million) worth of shares from investors.

  • March 03, 2025

    CMS Guides £2.8M Pension Deal For UK Careers Charity

    The Careers Research and Advisory Centre Pension Scheme said Monday that it has secured a £2.8 million ($3.6 million) full buy-in with retirement financial services specialist Just Group PLC.

  • March 03, 2025

    Property Investor Assura Offloads £200M In Assets Since April

    Healthcare property investor Assura said Monday that it has sold 30 assets for £200 million ($252 million) since the start of its financial year to reduce the debt used to pay for a £500 million hospital portfolio.

  • February 28, 2025

    Taxation With Representation: Gibson Dunn, Skadden

    In this week's Taxation With Representation, Blackstone acquires Safe Harbor Marinas, National Grid sells its green subsidiary in the U.S. to Brookfield, Apollo Global Management buys Bridge Investment Group Holdings Inc., and Teleflex splits into two publicly traded companies.

  • February 28, 2025

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

    This past week in London has seen the billionaire Zakay brothers, founders of Topland Group, become embroiled in a legal dispute with each other, Unilever sue three major perfume companies over alleged illegal price-fixing, and the publisher of Vogue magazine file an intellectual property suit against Cornucopia Events. Here, Law360 looks at these and other new claims in the U.K.

  • February 28, 2025

    Pearson Publishes £350M Share Buyback Program

    Pearson PLC unveiled plans on Friday to reward investors with a share buyback program worth £350 million ($440 million) and raise its dividend as it reported a 3.5% rise in its pre-tax profit.

  • February 28, 2025

    BA Owner Launches €1B Share Buyback As Profits Climb

    International Consolidated Airlines Group SA said Friday it will launch a share buyback scheme worth up to €1 billion ($1.25 billion) as the British Airways owner reported a rise in profits, amid a sector-wide recovery to pre-pandemic levels.

  • February 28, 2025

    FCA Clears CVC's £5.4B Hargreaves Lansdown Takeover

    CVC Capital Partners said Friday that the finance watchdog has given the green light to its £5.4 billion ($6.8 billion) takeover of wealth manager Hargreaves Lansdown, wrapping up all the regulatory conditions needed to close the deal.

  • February 28, 2025

    60% Of Insurance Broking M&A Driven By Private Equity

    Private equity companies took part in almost two-thirds of transactions that involved European insurance intermediaries in 2024, a consultancy has said.

  • February 28, 2025

    UK Engineering Firm IMI Launches £200M Share Buyback

    Engineering firm IMI PLC kicked off a share repurchase program worth up to £200 million ($250 million) on Friday, a move the company said is intended to downsize its share capital as it reported higher pre-tax profits.

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