Frasers Group PLC said Thursday it has acquired the loss-making Harvey Nichols Group after the luxury retailer entered into administration, in a deal including six U.K. stores, the online business, existing inventory and more than 1,000 employees.
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TOP NEWS

Winston Taylor-Led Frasers Group Acquires Harvey Nichols

By Tom Fish

Frasers Group PLC said Thursday it has acquired the loss-making Harvey Nichols Group after the luxury retailer entered into administration, in a deal including six U.K. stores, the online business, existing inventory and more than 1,000 employees.

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Roschier-Led Betting Investor Makes $13.8B Bid For Evolution

By Najiyya Budaly

Cayman Islands-based betting investor Candle Lake Ltd. said Thursday that it has launched a mandatory cash offer for Evolution AB, which values the Swedish gaming technology giant at $13.8 billion.

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Allens-Led EQT Offers To Buy Waste Manager For $6.6B

By Tom Fish

Swedish private equity firm EQT Infrastructure has made an offer to acquire Cleanaway for approximately 9.4 billion Australian dollars ($6.6 billion), the Melbourne-based waste management company said Thursday.

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DEALS

Payments Biz Urges Shareholders To Ignore Helios' $297M Bid

By Dawood Fakhir

CAB Payments urged shareholders on Thursday not to respond to Helios' offer of approximately $297 million after the private equity firm said the dividend declared by the cross-border payments company would not affect its bid.

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AI Investor Puts $86.7M In Anthropics, Bytedance, Others

By Dawood Fakhir

Shaires Holdings Ltd. said Thursday it has agreed to invest up to $86.7 million in a number of artificial intelligence-based technology companies, including Anthropic, as part of its plans to invest more than $500 million in the coming months.

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Stephenson Harwood Leads Royal Horticultural Society Buy-In

By Tom Fish

The Royal Horticultural Society, a gardening charity, has completed a bulk purchase annuity transaction worth £22 million ($30 million), pensions investor Royal London Group said Thursday.

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POLICY & REGULATION

Investment Cos. Ask FCA To Toughen Up Listing Rules Reform

By Alex Davidson

The Association of Investment Companies said Thursday it has told the Financial Conduct Authority to toughen up planned reforms of rules for investment trusts to close loopholes recently exploited by U.S. hedge fund Saba Capital.

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PEOPLE

Fieldfisher Launches Berlin Disputes Practice With New Hire

By Corey Rothauser

Fieldfisher has added corporate disputes attorney Benny Wünschmann as a partner in Berlin, launching a dispute resolution practice in the German capital as the firm continues to expand its European disputes team.

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LAW FIRMS IN TODAY'S NEWS

Ashurst Perkins

Fieldfisher

Linklaters LLP

Stephenson Harwood

Winston Taylor

COMPANIES IN TODAY'S NEWS

Anthropic PBC

Australian Securities Exchange

Burberry Group

ByteDance Ltd.

Cleanaway Waste Management Ltd.

EQT Corp.

FTI Consulting Inc.

Gucci Group NV

House of Fraser

Impax Laboratories, Inc.

London Stock Exchange Group PLC

Macquarie Group Ltd.

Nasdaq Inc.

SB Technology Inc.

TikTok Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Financial Conduct Authority