Oil producer Genel said Thursday that it has agreed to acquire Capricorn Energy for approximately $360 million in a deal that will reduce Genel's reliance on the Kurdistan region of Iraq and give Capricorn shareholders an exit strategy after months of uncertainty.
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TOP NEWS

Linklaters-Led Genel Energy To Buy Capricorn For $360M

By Dawood Fakhir

Oil producer Genel said Thursday that it has agreed to acquire Capricorn Energy for approximately $360 million in a deal that will reduce Genel's reliance on the Kurdistan region of Iraq and give Capricorn shareholders an exit strategy after months of uncertainty.

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Pinsent Masons Steers £48M Energy Sector Pension Scheme

By Tom Fish

A retirement savings plan in the oil and gas sector has completed a full-scheme buy-in worth £48 million ($64 million), securing the retirement benefits of more than 500 pensioners and deferred members, Canada Life Ltd. said Thursday.

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TotalEnergies Sells Offshore Malaysia Assets For $350M

By Tom Fish

TotalEnergies said Thursday it has sold its minority stake in a Malaysian offshore gas project to Japan's Inpex Corp. for $350 million, as the French energy company continues to streamline its portfolio and concentrate on assets it operates.

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DEALS

Tax Tech Biz Ex-Director Must Pay £10M In Share Claim Spat

By Ronan Barnard

A former director of a taxation technology company is liable for £10 million ($13.3 million) for shares he had agreed to buy from a former business partner, a London judge has ruled.

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US Classic Car Insurer To Buy UK Motorcycle Broker For £34M

By Joel Poultney

A U.S. insurer for classic cars said Thursday that it has agreed to acquire British specialty motorcycle insurance broker Bennetts from Lucida Group for £34 million ($43 million).

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Debevoise-Led Malibu Wraps Up $45M Buy Of Texas Insurer

By Dawood Fakhir

Malibu Life Holdings Ltd. said Thursday that it has completed the $45 million acquisition of life and retirement insurance business TruSpire from Mutual of America Life Insurance Co., marking its entrance into the U.S. direct annuity issuance market.

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PR Adviser PPHC Buys London Rival For Up To £25M

By Tom Fish

Advisory company Public Policy Holding Co. Inc. has acquired London-based rival Tancredi Intelligent Communication Ltd. in a transaction worth up to £25 million ($33.3 million).

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CAPITAL MARKETS

Brief

Hydrogen Tech Biz Targets £7.5M Through Share Offer

By Irene Madongo

Clean Power Hydrogen PLC on Thursday launched an offer for new shares to its existing retail investors in order to raise at least £500,000 ($668,800), as part of a broader program to secure up to £7.5 million.

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Brief

Tech Retailer Currys Kicks Off £50M Buyback, Revenue Rises

By Irene Madongo

Currys PLC said Thursday that it has launched a share buyback program worth up to £50 million ($67 million) as the home technology retail giant reported higher annual revenue.

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PEOPLE

Reed Smith Adds Ex-Norton Rose Partner, RE Atty In Munich

By Nate Beck

Reed Smith LLP has bolstered its private equity practice with the hire of a former Norton Rose Fulbright group leader in Munich.

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LAW FIRMS IN TODAY'S NEWS

Debevoise & Plimpton

Gatehouse Chambers

Linklaters LLP

Norton Rose

Perkins Coie

Pinsent Masons

Reed Smith

COMPANIES IN TODAY'S NEWS

Arthur J. Gallagher & Co.

Cairn Energy PLC

Canaccord Genuity Group Inc.

Genel Energy PLC

Inpex Corp.

London Stock Exchange Group PLC

Mutual of America Life Insurance Co.

Nasdaq Inc.

Petronas

Tancredi Intelligent Communication Ltd.

TotalEnergies SE

Willis Towers Watson PLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

HMRC