Transactions UK

  • January 29, 2025

    Pensions Watchdog Backs Gov't Surplus Investment Plans

    Britian's retirement savings watchdog has given its backing to proposals recently floated by the government that would relax rules to allow pension funds to invest billions of pounds tied up in surpluses.

  • January 29, 2025

    FCA Sets 1st Fine For Breach Of Transaction Reporting Rule

    Infinox Capital Ltd. has been fined £99,200 ($123,240) for failing to submit transaction reports and risking market abuse going undetected, in the first action of its kind under the U.K. Markets in Financial Instruments Regulation, the Financial Conduct Authority reported Wednesday.

  • January 29, 2025

    Anglo American Completes $1B Sale Of Jellinbah

    British multinational mining giant Anglo American PLC said Wednesday that it has completed the AU$1.6 billion ($1.1 billion) sale of its minority interest in an Australian coal mining joint venture to Zashvin Pty Ltd.

  • January 29, 2025

    Slaughter & May Steers Water Provider's £490M Rights Issue

    Water utility company Pennon Group PLC said Wednesday that it has launched a rights issue worth up to £490 million ($609 million) to fund a major investment "step change" in U.K. infrastructure, after accepting the findings of a pricing review by regulator Ofwat.

  • January 29, 2025

    A&O Shearman Guides American Axle's £1.16B UK Biz Offer

    British automotive group Dowlais has agreed to a £1.16 billion ($1.44 billion) cash and shares takeover by U.S. operator American Axle & Manufacturing, the companies said Wednesday, as they seek to create a global car parts manufacturer.

  • January 29, 2025

    French Tech Biz Sopra Steria Seals €150M Share Buyback

    Sopra Steria Group SA said Wednesday it has completed ahead of time a €150 million ($156 million) share buyback program, which the French technology consultant will use to finance potential acquisitions in the digital services sector.

  • January 28, 2025

    TravelPerk Hits $2.7B Valuation, Announces Yokoy Buy

    Spanish business travel platform TravelPerk, advised by Allen Overy Shearman Sterling, Wilson Sonsini Goodrich & Rosati PC and Lenz & Staehelin, on Tuesday announced that it hit a $2.7 billion valuation after closing its Series E funding round with $200 million of commitments, while also announcing its acquisition of European expense, invoice and card payment processing platform Yokoy.

  • January 28, 2025

    Wealth Manager Brooks Macdonald Begins £10M Buyback

    Brooks Macdonald Group PLC on Tuesday rolled out an up to £10 million ($12.4 million) share repurchase program, as the wealth manager seeks to downsize its share capital.

  • January 28, 2025

    Gov't Floats Pension Reforms To Reinvest Surplus Funds

    The U.K. government on Tuesday mapped out plans to relax pension fund rules to allow schemes to invest billions of pounds tied up in retirement plan surpluses in their own business or wider economy.

  • January 28, 2025

    Reading FC Owner Says Failed Buyer Seeks Forced Sale

    The owner of Reading Football Club has told a court that he refused to sell the third-tier outfit to a potential buyer because of concerns about "continual changes" to the proposed terms for a takeover which has "caused some rancor."

  • January 28, 2025

    Cornish Metals To Raise £56M For Historic UK Tin Mine

    Tin miner Cornish Metals Inc. said Tuesday that it is looking to raise at least £56 million ($70 million) in equity through offerings to resuscitate an historic mine in the southwestern English county of Cornwall.

  • January 28, 2025

    Danish Bank Launches $70M Share Buyback Program

    Danish lender Ringkjoebing began on Tuesday a stock repurchase program worth up to 500 million Danish kroner ($70 million), a move that is expected to lower the size of its outstanding share capital.

  • January 28, 2025

    Mediobanca Rejects Monte Dei Paschi's €13.3B Bid

    Italian investment bank Mediobanca SpA said Tuesday that it has rejected a €13.3 billion ($13.9 billion) takeover offer from Monte dei Paschi for being destructive to value for shareholders at both lenders.

  • January 28, 2025

    Slaughter & May-Led JV To Buy 6 Warehouses Worth €470M

    Property investor Segro PLC said Tuesday that its joint venture with a pension fund has agreed to acquire six logistics centers in the Netherlands and Germany worth €470 million ($490 million), as the U.K. company plans to expand its presence in Europe.

  • January 27, 2025

    Clyde & Co.-Led Abu Dhabi Biz Bids £100M For Good Energy

    Renewable energy provider Good Energy Group PLC said Monday that it has agreed to be acquired by UAE-based energy transition company Esyasoft for approximately £99.4 million ($124 million) in a deal guided by Clyde & Co LLP and Norton Rose Fulbright.

  • January 27, 2025

    Royal London Hits Back In £27M Company Sale Row

    Mutual insurance and investment firm Royal London has denied that it breached any warranties during the sale of a company to M&G and that it does not owe at least £27 million ($33.7 million) claimed by the asset manager.

  • January 27, 2025

    Former Construction Execs Sued For £1.4M Over Rival Biz

    Three subsidiaries of a construction testing company have sued the former directors of a firm it acquired for allegedly breaching the terms of the sale by setting up a competing business and poaching clients.

  • February 03, 2025

    Simmons Hires Restructuring Pro From Dechert

    Simmons & Simmons LLP has hired a restructuring expert to join its wider private equity and leveraged finance practice in London as the firm reacts to an uptick in global demand for its services in the evolving lending sector

  • January 27, 2025

    Latham, Gibson Lead Diversified Energy's $1.3B Maverick Buy

    U.S.-based Diversified Energy Partners PLC said Monday that it has agreed to acquire private oil and gas company Maverick from U.S. investment firm EIG for approximately $1.28 billion in a deal guided by Latham & Watkins LLP, Gibson Dunn & Crutcher LLP and Kirkland & Ellis LLP.

  • January 27, 2025

    Luxury Goods Shipper Ferrari Announces Amsterdam IPO

    Ferrari Group PLC said Monday it plans to float on the Euronext Amsterdam exchange, a move the shipping and logistics business believes will bolster its public profile and help it access a range of funding.

  • January 27, 2025

    UK Pension Deals Market Set To Hit £70B In 2025, WTW says

    The pension deal market in the U.K. is likely to hit £70 billion ($88 billion) in 2025, broker WTW said Monday, as funding levels continue to improve, and more insurance companies enter the market.

  • January 27, 2025

    Swedish PE Group EQT To Buy Italian Warehouses For €230M

    Private equity group EQT said Monday that its fund has agreed to acquire warehouses near Milan and Verona for €230 million ($241 million) from Italian asset manager Kryalos, as the Swedish company reacts to growing demand for logistics centers in Europe.

  • January 24, 2025

    Amex GBT Faces Sept. Trial In DOJ Case Against $570M Deal

    A New York federal judge set a September trial date Friday for the U.S. Department of Justice suit challenging American Express Global Business Travel Inc.'s planned $570 million purchase of CWT Holdings LLC, rejecting company assertions of "exigencies" necessitating a decision by June.

  • January 24, 2025

    Norway's Orkla Selling Hydropower Portfolio In $545M Deal

    Norwegian industrial investment company Orkla said Friday it has agreed to sell its entire hydropower portfolio in two separate transactions that value the portfolio at NOK 6.1 billion ($544.9 million).

  • January 24, 2025

    EU Approves Int'l Paper's $7.2B DS Smith Deal With Fix

    European enforcers said Friday they have approved International Paper Co.'s planned £5.8 billion ($7.2 billion) purchase of fellow packaging provider DS Smith PLC conditioned on the sale of several factories in regions where they currently overlap.

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