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Transactions UK
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February 14, 2025
5 Questions For Spencer West Partner Karl Foster
The Financial Conduct Authority's approach to enforcement and consumer protection has come up against government economic growth priorities and resistance from the sector to its proposals to "name and shame" companies early on during regulatory probes.
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February 21, 2025
Cadwalader Adds 3 Fund Finance Pros In London
Cadwalader Wickersham & Taft LLP said Friday that it has hired three fund finance lawyers from Ashurst LLP and Reed Smith LLP to boost its capabilities advising clients on increasingly complex transactions from its office in London.
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February 14, 2025
Addleshaw Goddard Leads £4M Fundraising For Genetics Biz
Preventive genetics business GENinCode said Friday that it has secured at least £4 million ($5 million) of £4.5 million in funding through a share placement and subscription, in a program led by Addleshaw Goddard LLP.
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February 14, 2025
Stephenson Harwood-Led Green Investment Trust To Wind Up
Jupiter Green Investment Trust PLC presented two options to its shareholders on Friday over its proposed liquidation and reconstruction after the environmental business investor was buffeted by long-term macroeconomic headwinds.
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February 14, 2025
Coca-Cola Bottler Refreshes Investors With €1B Buyback
Coca-Cola Europacific Partners PLC said Friday it will launch a share buyback program worth up to €1 billion ($1 billion) as the bottling business of the soft drink giant reported a financially fizzy year.
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February 14, 2025
Kirkland-Led Bain Buys Facilities Manager From PAI Partners
Private equity firm Bain Capital, which is being advised by Kirkland & Ellis LLP, will buy Apleona, a German facilities manager, from France's PAI Partners, the two companies said Friday.
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February 13, 2025
Musk's $97B OpenAI Bid Dubbed A 'Stunt' Amid Other Rumors
After a Wall Street Journal report on Monday revealed that a consortium of investors led by Elon Musk was offering $97.4 billion to buy the nonprofit that controls OpenAI, rumors began to swirl regarding the true intentions behind the billionaire's bid.
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February 13, 2025
Barclays Confirms £1B Share Buyback, Reports Profits Spike
Barclays PLC confirmed on Thursday that it plans to reward investors with a share buyback worth up to £1 billion ($1.25 billion) as it reported a 24% increase in pre-tax profit to £8.1 billion in the 2024 financial year.
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February 13, 2025
IT Biz Must Revisit $25M Earnout From Fixnetix Acquisition
A global information technology service company has been ordered to reevaluate a deferred payment of up to $25.7 million arising from its purchase of a trader, as a judge found Thursday that the sellers could challenge how some revenue streams were calculated.
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February 20, 2025
Clifford Chance Adds 2 PE Pros From KKR, Blackstone
Clifford Chance LLP has added two more partners in London to continue the expansion of its global private capital team as it looks to meet the growing demands of clients for expert advice in the space.
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February 13, 2025
Unilever Starts €1.5B Buyback, Unveils Ice Cream Listing Plan
Unilever PLC on Thursday began a share buyback of up to €1.5 billion ($1.5 billion), as it announced plans to have Amsterdam as the primary listing of its ice-cream business and London and New York as secondary listings.
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February 13, 2025
Travers, Foley Lead Steve Madden On £289M Kurt Geiger Deal
U.S. footwear and accessories brand Steve Madden, which was being guided by Travers Smith LLP and Foley & Lardner LLP, said Thursday that it plans to buy U.K. rival Kurt Geiger from a consortium led by the Cinven private equity group for £289 million ($361 million) to expand in international markets.
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February 13, 2025
Essity Faces Investors' Claim Over Chinese Tissue Biz Sale
A group of investment companies has sued Essity at a London court, alleging that the manufacturer of hygiene and health products defaulted on bond notes when it sold its controlling stake in a Chinese tissue company.
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February 13, 2025
Logistics Co. Ferrari Eyes €785M Market Cap In Dutch IPO
Ferrari Group PLC confirmed Thursday it has floated on the Euronext Amsterdam stock exchange, with the shipping and logistics business pricing its initial stock offering at €8.6 ($9) per share.
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February 13, 2025
UK Greenlights PE Biz's £840M Deal For Workplace E-Trainer
Workplace training provider Learning Technologies Group PLC said Thursday the U.K. government has approved its planned £836 million ($1 billion) sale to a subsidiary of private equity group General Atlantic.
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February 13, 2025
RELX Plans £1.5B Buyback Amid Revenue Growth
Information and analytics giant RELX PLC said Thursday that it will reward shareholders with £1.5 billion ($1.9 billion) over 2025 as it reported a 3% revenue jump amid growing demand for its AI-driven tools.
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February 12, 2025
Davis Polk Guides Irish Sensor Co. On $2.3B Stateside Buy
Davis Polk-led TE Connectivity PLC said Wednesday it has agreed to acquire Richards Manufacturing Co. from funds managed by Oaktree Capital Management LP and members of the Bier family, in an all-cash transaction valued at $2.3 billion.
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February 12, 2025
Homebuilder Barratt Redrow Kicks Off £50M Share Buyback
Barratt Redrow PLC launched a £50 million ($62 million) share buyback program on Wednesday, a move expected to lower the British homebuilder's outstanding share capital.
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February 12, 2025
Reading FC Owner Sues Buyer Over Unreturned Loan Security
The owner of Reading Football Club has sued a potential buyer of the League One club over a "continuing refusal" to return assets used to secure the outfit's sale, in the latest legal twist in litigation following the botched takeover deal.
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February 12, 2025
UK Clears £2.55B BlackRock Bid For Data Biz Preqin
The U.K.'s competition watchdog said Wednesday it has given the green light to asset management giant BlackRock's £2.55 billion ($3.16 billion) takeover of Preqin Ltd., a markets data provider based in London.
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February 12, 2025
Take-Private Deal For Retailer N Brown Completes
British retailer N Brown Group PLC said Wednesday that a £191 million ($238 million) deal pulling it off of London's Alternative Investment Market has completed.
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February 12, 2025
Fintech Asia To Complete £114M Takeover Deal
Fintech Asia Ltd. said Wednesday that it expects to complete the takeover of Asian financial services business ICFG Pte. for £114 million (£142 million) as part of a reverse takeover deal that stipulated Fintech Asia will be renamed ICFG Ltd. upon completion of the transaction.
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February 12, 2025
Gowling Steers £250M Pension Deal For Machinery Co.
A U.K. machinery dealership has passed £250 million ($311 million) of its pension liabilities to Standard Life, the insurer said Wednesday, in a deal advised by law firm Gowling WLG.
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February 12, 2025
Kirkland-Led Telecoms Biz To Sell Balkan Units For €1.5B
United Group BV said Wednesday it has agreed to sell two telecommunications companies in the Balkans for a combined total of €1.5 billion ($1.55 billion), as the Dutch media company refocuses on the European Union market.
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February 18, 2025
Dechert Hires PE Pro From Gibson Dunn In London
Dechert LLP has hired a longtime partner at Gibson Dunn & Crutcher LLP to augment its services for clients in private equity transactions and corporate mergers and acquisitions.
Expert Analysis
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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.