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Transactions UK
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October 02, 2024
Paul Weiss-Led Altor Nabs Majority Stake In CCM Hockey
Paul Weiss Rifkind Wharton & Garrison LLP-led Altor Equity Partners on Wednesday announced that its Altor Fund VI has nabbed a "significant majority" stake in hockey stick maker CCM Hockey.
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October 02, 2024
Hogan Lovells Leads Royal London's 1st £30M Pension Deal
The Royal London Mutual Insurance Society Ltd. completed its first full scheme buy-in with the £30 million ($39.8 million) acquisition of The Retreat York Pension Scheme in a deal guided by Hogan Lovells and Wrigleys Solicitors, its adviser K3 Advisory said Wednesday.
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October 02, 2024
Gibson Dunn-Led Electrical Retailer To Buy UK Rival For £10M
AO World PLC said Wednesday that its subsidiary has agreed to buy musicMagpie, a second-hand technology deal platform, for £10 million ($13.3 million), as the U.K. online electrical retailer looks to expand into the growing refurbished device sector.
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October 02, 2024
UK Property Developer One Heritage Weighs LSE Exit
One Heritage Group PLC said Wednesday it is considering leaving its London Stock Exchange listing and joining a rival U.K. exchange, as the troubled property developer responds to a difficult trading environment.
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October 02, 2024
French Tech Firm Sopra Steria Begins €150M Buyback
Sopra Steria on Wednesday kicked off a €150 million ($166 million) share repurchase program, a move expected to lower the French firm's share capital.
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October 02, 2024
Darktrace Leaves London After $5B Bid By US Co. Completes
British cybersecurity company Darktrace PLC said on Wednesday that its shares are no longer trading on the London Stock Exchange after the scheme of arrangement for its takeover by U.S. private equity firm Thoma Bravo for approximately $5.3 billion was completed.
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October 02, 2024
Insurer Saga In Talks With Ageas On Partnership
Travel and insurance company Saga PLC confirmed on Wednesday that it is in talks with Ageas, a Belgian-French insurer, over a potential partnership for its insurance business.
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October 02, 2024
Reed Smith Steers £140M Pension Deal For Insurance Biz
Aviva PLC has covered £140 million ($186 million) of pension liabilities for insurance group Thomas Miller & Co. Ltd. to secure the benefits of all members of the retirement savings plan, the companies said Wednesday.
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October 02, 2024
Investors Get Another Extension For £253M Payments Co. Bid
Britain's mergers and acquisitions authority has again given a group of investment companies more time to make a firm offer of £253 million ($336 million) for Equals Group, the payments technology company said on Wednesday.
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October 01, 2024
Willis Towers Watson Inks $632M Sale Of Tranzact To PE Firms
Insurance company Willis Towers Watson Plc, advised by Weil Gotshal & Manges LLP, on Tuesday announced that it is divesting its direct-to-consumer insurance distribution business Tranzact and selling it to Kirkland & Ellis LLP-advised private equity firm GTCR and Willkie Farr & Gallagher LLP-led technology services investment platform Recognize for $632.4 million.
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October 01, 2024
Monthly Merger Review Snapshot
European enforcers saw a key merger policy cut down by the bloc's high court, while Kroger and Albertsons defended their planned $24.6 billion grocery store mega-merger from challenges in multiple venues, and the Federal Trade Commission pushed a bid to block a merger between the owners of Coach and Michael Kors.
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October 01, 2024
Investors Settle Wirecard Fraud Case With Transfer Provider
Two businessmen have settled claims worth €33 million ($36.5 million) brought by investors who alleged the pair duped them into selling their stake in a money transfer provider for a pittance before the company was sold on to payments giant Wirecard for many times the price.
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October 01, 2024
Financial Services Biz Tavistock To Sell Advice Units For £38M
British financial services group Tavistock Investments said Tuesday that it has agreed to sell two of its subsidiaries to wealth management firm Saltus Partnership Holdings LLP for up to £37.75 million ($50.2 million).
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October 01, 2024
Pension Insurance Deal Market To Hit £60B In 2025
The total value of pension insurance transactions could hit £60 billion ($79.6 billion) for the first time next year, according to a poll of lawyers, trustees and others in the retirement sector published on Tuesday.
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October 01, 2024
UK Packing Biz Plans Fundraising For €56M Takeover Deal
Mpac Group PLC on Tuesday proposed a fundraising program to partly back its conditional purchase of a Dutch palleting technology company for €56 million ($62 million), a move the British packaging company believes will bolster its offering.
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October 01, 2024
UK Cloud Tech Biz Iomart To Buy Rival For £57M
Cloud computing company Iomart Group PLC said Tuesday it has agreed to buy Atech, a provider of Microsoft technology to businesses, for £57 million ($76 million) to bolster the group's position in the U.K.'s workplace technology sector.
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October 01, 2024
Pfizer Sells £2.4B Of Shares In Advil Owner Haleon
Pharmaceuticals titan Pfizer Inc. said Tuesday that it has reduced its stake in Haleon PLC, a maker of oral health products, by selling its shares to investors and raising approximately £2.43 billion ($3.24 billion) in the process.
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October 01, 2024
Insurance Consolidator PIB Group Buys UK Broker
PIB Group Ltd. said it has bought RS Insurance Brokers Ltd., as the insurance acquisition vehicle seeks to boost its presence in the sector with a "burgeoning" portfolio of specialisms across the U.K. and Europe.
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October 01, 2024
4 Firms Guide Partners Group In €6.7B Sale Of German Biz
Swiss private equity shop Partners Group said Tuesday that it is selling its stake in a German digital energy metering business to Texas-based TPG and Singapore's sovereign wealth fund for approximately €6.7 billion ($7.4 billion).
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October 01, 2024
Mulberry Turns Down £83M Takeover Offer From UK's Frasers
Mulberry's board said Tuesday that it has rejected a buyout bid from retail giant Frasers, which values the handbag maker at £83 million ($111 million), because it fails to recognize its "substantial future potential value."
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October 01, 2024
Freshfields Guides Abu Dhabi Oil In €14.7B German Bid
Abu Dhabi's state-owned oil company said Tuesday that it will buy a German chemicals producer, Covestro AG, in a €14.7 billion ($16.3 billion) deal as the Gulf state seeks to lower its dependence on oil amid the transition to green energy.
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September 30, 2024
Chancery Sidelines Squarespace Merger Doc Suit For Now
A Delaware Court of Chancery action to compel stockholder access to website builder Squarespace Inc.'s corporate records remained under a stay Monday, after a court finding that the suit aimed to preserve future review rights focused on a proposed $7.2 billion company take-private deal.
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September 30, 2024
Activist Investor Urges Basic-Fit Gym Operator To Sell
Buckley Capital Management LLC made an appeal to the board of Basic-Fit NV on Monday recommending that the company undergo a strategic review with the intention of selling the business and going private.
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September 30, 2024
Addleshaw Goddard-Led Supplement Co. Signals £500M IPO
Applied Nutrition Ltd. said on Monday it is planning to make an initial public offering on the London Stock Exchange, as the U.K. sports supplements maker eyes increasing its international presence in the booming health and wellness sector.
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September 30, 2024
Royal London Enters Pension Insurance Market
The Royal London Mutual Insurance Society Ltd. said Monday that it has officially entered the bulk purchase annuity market after it completed several smaller transactions.