British insurer Beazley said Monday that it has accepted an £8.2 billion ($11 billion) cash takeover offer from Zurich, after months of courting, in order to create a global specialty insurer.
British insurer Beazley said Monday that it has accepted an £8.2 billion ($11 billion) cash takeover offer from Zurich, after months of courting, in order to create a global specialty insurer.
The European Union said Monday that it is weighing the creation of a platform for investors to trade shares in private companies, as exit opportunities for private equity continue to dry up meaning that startups are being forced outside of Europe to secure funding.
AES Corp., guided by Skadden Arps Slate Meagher & Flom LLP, said Monday that it has agreed to be acquired by a consortium of infrastructure investors led by Blackrock's Global Infrastructure Partners and EQT Infrastructure VI in a deal with a $10.7 billion equity value and a $33.4 billion enterprise value.
U.S. medical cannabis company Tilray Brands Inc. said Monday that it has bought the brand and intellectual property of Scotland's BrewDog out of administration, in a £33 million ($44 million) deal that will not benefit equity holders in the struggling brewer.
Bahraini aluminum giant Alba has agreed to fully acquire a major French smelter company in a move that could create a cross-regional industrial powerhouse, the companies said Monday.
Real estate investment trust Home REIT said Monday that it has agreed to sell most of its assets to private investor Patron Capital for £123 million ($164.5 million) as it continues with its managed wind-down amid regulatory probes.
Biotechnology company Roquefort confirmed Monday that it has conditionally acquired the license for a "highly promising" experimental cancer treatment drug for an initial consideration of about £31.9 million ($43 million).
Private equity firm Helios said Monday that it has made a firm offer to buy CAB Payments for $297 million, despite the cross-border payments business rejecting that amount in February.
Bank of Ireland Group said Monday it has endorsed a share repurchase program of €530 million ($621 million), as the commercial lender reported a drop in its pretax profit.
Pension insurer Canada Life said on Monday that it has taken on £80 million ($107.2 million) in retirement scheme liabilities from a plan sponsored by a subsidiary of Wm Morrison Supermarkets PLC, in a deal steered by Clifford Chance and Gowling WLG.
A U.K. mortgage broker has denied liability in a real estate dispute at London's High Court over a £2 million ($3 million) claim from a company owned by former Manchester United footballer Scott McTominay.
Publishing group and lottery operator Northern & Shell has lost its case that Britain's gambling regulator gave the country's national lottery operator an unlawful subsidy by granting it £70 million (£93.8 million) for marketing, with a tribunal ruling the move was lawful.
A senior M&A partner is leaving Slaughter and May after more than two decades to join Paul Hastings LLP in London, the firm's latest lateral hire in the U.K. capital.
