Transactions UK

  • May 22, 2024

    Raspberry Pi Confirms June IPO With $40M In New Shares

    Raspberry Pi confirmed on Wednesday that it intends to float on the main market of the London Stock Exchange, including by issuing $40 million in new shares and a parallel stock sale to main investors chipmaker Arm and investment manager Lansdowne.

  • May 22, 2024

    Greenberg-Led SPAC To Buy Safety Biz For $1.85B, Quit LSE

    Admiral said on Wednesday that it has agreed to buy industry safety company Acuren for $1.85 billion, as the blank-check business seeks a slice of the growing and resilient infrastructure inspection sector.

  • May 21, 2024

    Denmark's Sydbank To Acquire Local Coop Bank For $50M

    Danish lender Sydbank said Tuesday that it has agreed to acquire the country's Coop Bank AS from its parent company for a preliminary purchase price of 345 million Danish kroner ($50.2 million), in addition to signing a partnership agreement.

  • May 21, 2024

    Sandwich Maker Greencore Rolls Out £30M Share Buyback

    Greencore Group PLC on Tuesday began an up to £30 million ($38 million) share repurchase program, the first chunk of the food-to-go firm's new buyback scheme aimed at rewarding investors following an uptick in earnings.

  • May 21, 2024

    Power Supplies Maker Rejects US Rival's £571M Approach

    Power supplies maker XP Power on Tuesday rejected the latest approximately £571 million ($726 million) unsolicited approach made by Advanced Energy Industries Inc., confirming that it had received "a series of highly conditional, opportunistic, indicative proposals" from the U.S. company.

  • May 21, 2024

    Ryanair Launches €700M Buyback, Profits Soar 34%

    Ryanair Holdings PLC said on Tuesday that it is rewarding investors with a share buyback program worth up to €700 million ($761 million) as it reported a massive rise in profits.

  • May 21, 2024

    Investor Launches Property JV With USS Pension Scheme

    Real estate investor Assura PLC said on Tuesday it has agreed to a £250 million ($318 million) joint venture with the U.K.'s largest private pension scheme to support investment in National Health Service buildings for community care services.

  • May 21, 2024

    Freshfields Helps Warburg Pincus Buy Insurance Intermediary

    Private equity giant Warburg Pincus and Temasek of Singapore will buy Specialist Risk Group, a London-headquartered company that has brokered more than £1 billion ($1.3 billion) worth of insurance risk, the companies said on Tuesday.

  • May 20, 2024

    Autonomy CEO Reaped $516M From HP Acquisition, Jurors Told

    Ex-Autonomy CEO Michael Lynch took home more than $516 million from the software company's $11.7 billion sale to HP, an FBI agent testified Monday as the government's last witness in a trial over allegations Lynch duped HP into overpaying to buy the company.

  • May 20, 2024

    Victorian Plumbing To Buy Bathrooms Biz For £22.5M

    Victorian Plumbing Group PLC said on Monday that it has acquired online bathroom retailer AHK Designs Ltd. — which trades as Victoria Plum — for £22.5 million ($28.6 million) to aid its market growth.

  • May 20, 2024

    Simpson Thacher Leads Blackstone In $705M Biltmore Sale

    Blackstone said Monday it has closed the sale of the Arizona Biltmore in Phoenix to private equity real estate firm Henderson Park for $705 million, confirming January reports that the transaction was under contract and revealing Simpson Thacher & Bartlett LLP and Jones Day as counsel behind the deal.

  • May 20, 2024

    UK Studies Impact Of $295M Roche Diagnostics Deal

    The antitrust watchdog said on Monday that it is investigating a proposed $295 million purchase by Swiss drugmaker Roche of parts of diagnostic company LumiraDx Ltd. as it seeks to assess whether the deal will harm competition.

  • May 20, 2024

    Healthcare Biz PureTech Launches $100M Share Buyback

    PureTech Health PLC began a share repurchase program of up to $100 million (£79 million) on Monday, aimed at rewarding investors after it offloaded its subsidiary business.

  • May 20, 2024

    Addleshaw Helps British Land Sell Stake In Mall To Norway

    British Land said Monday that it has sold its remaining 50% stake in a mall in northern England to Norway's sovereign wealth fund for £360 million ($457 million), as the property investor looks to reduce its exposure to indoor shopping centers.

  • May 20, 2024

    Video Gaming Biz 'Minded' To Back £2B EQT Takeover Offer

    Gaming services group Keywords Studios PLC said Monday that it could back a £2 billion ($2.5 billion) proposed takeover bid from EQT, after it rejected four earlier possible offers from the Swiss private equity shop.

  • May 17, 2024

    4 Firms Build $2.55B Sale Of Avangrid To Spain's Iberdrola

    Spanish renewable energy company Iberdrola SA and its portfolio company, sustainable energy business Avangrid, on Friday announced that they have reached an agreement for Iberdrola to take Avangrid private by purchasing the remaining issued and outstanding shares it does not already own in a $2.55 billion deal built by four firms.

  • May 17, 2024

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

    This past week in London has seen a wave of claims filed against Verity Trustees Ltd., Harley-Davidson hit retailer Next with an intellectual property claim, Turkish e-commerce entrepreneur Demet Mutlu sue her ex-husband and Trendyol co-founder Evren Üçok and the Solicitors Regulation Authority file a claim against the former boss of collapsed law firm Axiom. Here, Law360 looks at these and other new claims in the U.K.

  • May 17, 2024

    CMS Moves M&A Partner Graham Conlon To Abu Dhabi

    Graham Conlon, a corporate mergers and acquisitions partner at CMS Cameron McKenna Nabarro Olswang LLP, has moved to Abu Dhabi as the law firm opened its first office in the capital of the United Arab Emirates.

  • May 17, 2024

    ABN Amro To Sell Stake In Life Insurance JV Neuflize Vie

    BN Amro Bank NV said Friday that its Neuflize OBC French private bank branch has entered "exclusive negotiations" to sell the unit to the insurance subsidiary of BNP Paribas SA to form a strategic partnership in life insurance in France.

  • May 17, 2024

    Unilever Begins €1.5B Share Buyback

    Consumer goods giant Unilever PLC on Friday rolled out the first part of a share buyback program worth up to €1.5 billion ($1.6 billion) aimed at lowering its outstanding share capital.

  • May 17, 2024

    Asset Manager Alpha Growth To Buy Insurance Manager

    British wealth manager Alpha Growth PLC said Friday that it will buy Guernsey-based insurance management company Jeometri for £450,000 ($569,000) to help it grow its insurance offering across the U.K.

  • May 17, 2024

    GSK Sells Remaining Stake In Advil Maker Haleon For £1.25B

    GSK PLC said on Friday that it has sold its remaining 4.2% stake in its spun-off consumer healthcare unit Haleon PLC for £1.25 billion ($1.6 billion).

  • May 17, 2024

    Concord Drops Bid For Music Rights Rival Hipgnosis

    Concord has "unanimously decided" to pull out of the bidding war to buy its rival operator, Hipgnosis Songs Fund, leaving private equity giant Blackstone in pole position to buy the music rights company.

  • May 16, 2024

    Deals Rumor Mill: Shein IPO, Kraft Heinz, Cinven-Jaggaer

    Online fashion giant Shein is shifting IPO plans from the U.S. to London amid resistance from U.S. lawmakers and Chinese regulators, Kraft Heinz wants to sell its Oscar Mayer business, and private equity firm Cinven hopes to divest software firm Jaggaer for $3 billion. Here, Law360 breaks down these and other notable deal rumors from the past week.

  • May 16, 2024

    Top Linklaters Attys See PE Rebound In Run-Up To Elections

    After a subtle uptick in private equity deal values in the first quarter, the global chair of Linklaters LLP's corporate department in New York, George Casey, and one of its top PE dealmakers in London, Alex Woodward, believe the pace of transactions is picking up and the market is primed for a comeback.

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