Retirement savings giant Athora Holding Ltd. said it has raised €3.5 billion ($4 billion) to fund its acquisition of the U.K.'s Pension Insurance Corp. PLC, as it disclosed it had received regulatory approval for the mega-deal.
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Athora Raises €3.5B As Deal For Insurer PIC Gets Green Light

By Martin Croucher

Retirement savings giant Athora Holding Ltd. said it has raised €3.5 billion ($4 billion) to fund its acquisition of the U.K.'s Pension Insurance Corp. PLC, as it disclosed it had received regulatory approval for the mega-deal.

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Software Biz Fights Travel Firm's $14.5M Share Purchase Case

By William Janes

Travel software giant Sabre International has hit back at a claim that it unlawfully refused to buy a Turkish travel-booking company's shares in a joint venture for $14.5 million in a dispute over an erroneous date in an option agreement.

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AI Startup Nscale Hits $14.6B Valuation, Backed By Nvidia

By Jade Martinez-Pogue

Artificial intelligence hyperscaler Nscale on Monday revealed it had reached a $14.6 billion valuation after closing a Series C funding round with $2 billion in tow, supported by Nvidia, Lenovo and others.

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General Oceans Plans $52M Euronext Oslo IPO

By Dawood Fakhir

General Oceans ASA, which provides advanced underwater technology, said Monday that it is looking to go public via an initial public offering on the Euronext Oslo stock exchange in which it expects to raise 500 million Norwegian kroner ($52 million).

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LITIGATION

Investor Goes Back For Thirds In VietJet Lease Dispute

By Ronan Barnard

A subsidiary of an international private investment company said at a London court Monday that a Vietnamese budget airline should pay it further damages resulting from failing to return leased planes on time, resulting in lost rental income.

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Retailer Can't Add Broker To Rosenblatt Negligence Case

By Hanna Vioque

A fashion retail entrepreneur cannot sue an insurance broker as part of a wider negligence case against a law firm over the collapse of his fashion brands Jaeger and Aquascutum, with a London judge ruling that he must keep the total number of defendants at 19. 

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DEALS

Kirkland-Led EQT To Buy 42% Stake In Yorkshire Water

By Tom Fish

Private equity firm EQT AB said Monday it has agreed to acquire a 42% stake in the parent company of Yorkshire Water, as the U.K.'s privatized utilities grapple with high debt and public anger over sewerage and service ​failures.

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Clifford Chance Led Generali In €337M Units Sale To Zurich

By Dawood Fakhir

Italian insurance company Generali said Monday that it has agreed to sell its property and casualty insurance business in Ireland and Northern Ireland to Zurich Insurance Group for €337 million ($390 million) in an all-cash deal.

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PE Biz Secures Loan To Fund £251M Food Wholesaler Buy

By Tom Fish

Private equity firm OEP Capital Advisors LP said Monday that its subsidiary has secured a £117.5 million ($157 million) loan to support its planned takeover of U.K. food wholesaler Kitwave Group PLC.

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South African Gold Miner To Buy Aussie Rival For £163M

By Tom Fish

Pan African Resources said Monday that it has agreed to acquire minerals explorer Emmerson Resources in a deal that values the Australian company about £163 million ($217 million), to consolidate its position in a Northern Territory gold field.

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CAPITAL MARKETS

Brief

Engineering Biz IMI Begins £500M Share Buyback Program

By Irene Madongo

Engineering firm IMI rolled out a share repurchase program of up to £500 million (£668 million) on Monday, in line with its plans to reward investors after reporting stronger revenue.

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Brief

M&C Saatchi Kicks Off Share Buyback Worth Up To £4.5M

By Irene Madongo

M&C Saatchi PLC launched a buyback program on Monday worth up to £4.5 million ($6 million) as it seeks to reduce share capital.

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PEOPLE

Simmons & Simmons Hires 2 M&A Partners In Europe

By Hanna Vioque

Simmons & Simmons LLP has expanded its mergers and acquisitions operations in Germany and the Netherlands with the hire of two new partners, following a year of significant growth that prompted the firm to restructure its financial markets practice.

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Sullivan & Cromwell Hires Another Weil Finance Partner

By Ashish Sareen

Sullivan & Cromwell LLP said Monday that it has recruited a partner from Weil Gotshal & Manges LLP to strengthen its acquisition finance practice in London, the firm's latest lateral hire from its U.S. rival as it expands in the English capital.

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LAW FIRMS IN TODAY'S NEWS

A&L Goodbody

A&O Shearman

Ashurst LLP

Bird & Bird

Blackstone Chambers

Clifford Chance

Corrs Chambers

Deneys Reitz

Druces LLP

Fountain Court Chambers

HSF Kramer

King & Spalding

Kirkland & Ellis

Macfarlanes LLP

Morgan Lewis

NautaDutilh

One Essex Court

Orrick Herrington

Paul Hastings

Quinn Emanuel

Sidley Austin

Simmons & Simmons

Slaughter and May

Sullivan & Cromwell

Weil Gotshal

COMPANIES IN TODAY'S NEWS

ABG Sundal Collier Inc.

Abu Dhabi Investment Authority

Assicurazioni Generali

Astra Capital Management

Australian Securities Exchange

Beazley PLC

CVC Capital Partners Ltd.

Canaccord Genuity Group Inc.

DNB ASA

Dell Technologies Inc.

EQT AB

EQT Corp.

Euronext Amsterdam NV

Fort Point Capital

IMI PLC

JPMorgan Chase & Co.

Jane Street Group LLC

Lenovo Group Ltd.

Linden Advisors

LinkedIn Corp.

London Stock Exchange Group PLC

Macquarie Group Ltd.

Moelis & Co.

NVIDIA Corp.

Nokia Corp.

SIX Swiss Exchange

Yorkshire Water

Zurich Insurance Group AG

GOVERNMENT AGENCIES IN TODAY'S NEWS

Financial Conduct Authority

Swedish Financial Supervisory Authority

UK High Court