Valencia CF said Friday that a consortium of investors, including co-founders of U.S. investment giant KKR & Co. Inc., has agreed to acquire a 42% stake in the Spanish football club, valuing it at €1.25 billion ($1.4 billion).
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TOP NEWS

Latham Steers 42% Valencia CF Stake Sale To KKR Founders

By Dawood Fakhir

Valencia CF said Friday that a consortium of investors, including co-founders of U.S. investment giant KKR & Co. Inc., has agreed to acquire a 42% stake in the Spanish football club, valuing it at €1.25 billion ($1.4 billion).

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CMS-Led Fintech Co. To Buy Mortgage Software Biz For £38M

By Dawood Fakhir

Fintel said Friday that it has bought the remaining stake in Mortgage Brain Holdings Ltd. which it does not already own for approximately £38.4 million ($51.4 million) to expand its financial services technology services.

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Legacy Insurer Sues Bank For $35M Over Kelvin Re Sale

By Joel Poultney

Legacy insurance specialist Marco Capital has sued the Toronto-Dominion Bank for $35 million in London after the financial position of a run-off operator the insurance business bought from the lender deteriorated.

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M&A

Irish Lender Rejects Axis' Bid As Sale To Austrian Bank Nears

By Dawood Fakhir

Permanent TSB on Friday said the court hearing to approve its approximately €1.62 billion ($1.8 billion) sale to Austrian bank BAWAG PSK will go ahead as scheduled Tuesday, despite rival suitor Axis Capital's move to postpone the hearing.

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Krogerus Advises Asset Manager On €15.5M Acquisition

By Irene Madongo

Finnish asset manager and finance business eQ said Friday it has inked an agreement to acquire Nordic real estate investment manager Genesta in a cash and share deal worth up to approximately €15.5 million ($17.4 million).

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Brief

Unite Group Strikes £41M Deal To Sell School To Cut Debt

By Tom Fish

Unite Group PLC said Friday that it has agreed to sell an academy school at its newly built east London development for £40.7 million ($54.5 million) as part of the student accommodation provider's plan to reduce debt.

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CAPITAL MARKETS

Brief

Eurowag Investor Bock Exits Biz In £88.5M Share Sale

By Irene Madongo

Bock Capital said Friday it has sold its remaining shares in financial technology company Eurowag for about £88.5 million ($118 million), offloading its holding in the business which is focused on trucking companies.

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Brief

Eversheds Guides £11M Pension Deal For Welsh Opera

By Dawood Fakhir

Retirement savings specialist Utmost Group took on £11.1 million ($15 million) in pension liabilities of a Welsh opera company through a buy-in transaction, a pensions advisory firm has said.

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LITIGATION

Roundup

UK Litigation Roundup: Here's What You Missed In London

By Poppy Grainger

The past week in London has seen former solicitor Paul Baxendale-Walker file a claim, private equity firm Novalpina Capital sue its founder Stefan Emanuel Kowski amid fallout over its investment in NSO Group, and Boehringer bring a patents claim against Teva Pharmaceuticals.

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LAW FIRMS IN TODAY'S NEWS

7 King's Bench Walk

Addleshaw Goddard

Asserson Law Offices

Brabners LLP

CMS Cameron McKenna Nabarro Olswang

Crowell & Moring

D Young & Co

DWF LLP

Enyo Law

Eversheds Sutherland

Hamlins LLP

Hill Dickinson

Irwin Mitchell

Ison Harrison Solicitors

JMW Solicitors LLP

Kennedys Law LLP

Keystone Law

Kirkland & Ellis

Krogerus

Latham & Watkins

Laytons LLP

Lester Aldridge

Nabarro LLP

Nexa Law

Osborne Clarke

gunnercooke LLP

COMPANIES IN TODAY'S NEWS

AXIS Capital Holdings Ltd.

Amazon.com Inc.

Aviva SA

Boehringer Ingelheim Corp.

Credit Suisse Group AG

Federation Internationale de Football Association

KKR & Co. Inc.

Mediterranean Shipping Co. SA

Munich Re Group

Sixth Street Partners

Solicitors Disciplinary Tribunal

Solicitors Regulation Authority Ltd.

TUI AG

Teva Pharmaceutical Industries Ltd.

Toronto-Dominion Bank

GOVERNMENT AGENCIES IN TODAY'S NEWS

Commission de Surveillance du Secteur Financier

Companies House

Competition and Markets Authority

HMRC

UK High Court