Insurance software provider Guidewire said Tuesday it has agreed to buy artificial intelligence platform Hyperexponential for up to $2.1 billion, a move it hopes will help it to provide agentic underwriting.
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WEDNESDAY, OCTOBER 28, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Latham Advises Insurance Software Co. On $2.1B Acquisition

By Irene Madongo

Insurance software provider Guidewire said Tuesday it has agreed to buy artificial intelligence platform Hyperexponential for up to $2.1 billion, a move it hopes will help it to provide agentic underwriting.

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CMA Seeks Views On Prologis' £14B Segro Deal

By Dawood Fakhir

The antitrust regulator called Tuesday for input on how U.S. warehouse business Prologis' £14 billion ($19 billion) planned acquisition of British rival Segro might harm competition in U.K. markets.

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Tungsten Biz Starts Conditional Trading In £522M London IPO

By Najiyya Budaly

Spanish miner Abenójar Tungsten SA began conditional trading on the London Stock Exchange on Tuesday with a £522.2 million ($695 million) valuation in a bright spot for the U.K. market for initial public offerings.

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REIT Eyes Squeeze-Out Of Rival As It Nears 90% Stake In Biz

By Irene Madongo

Glenstone REIT PLC said Tuesday that it intends to acquire the shares in rival Alternative Income it does not hold as it nears the 90% threshold needed to force remaining investors to sell.

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M&A

Brave Bison's £53.4M Offer For Marketer System1 Lapses

By Dawood Fakhir

Marketing research company System1 said Tuesday that an offer of approximately £53.4 million ($71.2 million) from Brave Bison lapsed on Monday after the rival failed to secure sufficient shareholder acceptances, ending a months-long pursuit.

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PRIVATE EQUITY

Advent Secures $30B Across Its 2 Latest PE Funds

By Jade Martinez-Pogue

Private equity shop Advent on Tuesday revealed that it raised $30 billion across its two latest private equity funds: its 11th flagship fund and a new middle-market private equity fund.

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Primary Health Properties Increases JV Target Size To £400M

By Tom Fish

Healthcare property investor Primary Health Properties PLC said Tuesday it has increased the target size of its joint venture with a U.K. pension scheme to £400 million ($533 million), as it seeks to expand investment and reduce debt.

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CAPITAL MARKETS

Brief

Oil Producer Serica Joins London's Main Market From AIM

By Irene Madongo

Oil and gas producer Serica Energy began trading on the main market of the London Stock Exchange on Tuesday after it moved its listing from the junior Alternative Investment Market.

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LITIGATION

Energy Fund Blames Solar Biz For Surge In Connection Costs

By Isabel Jackson

A renewable energy investment fund has denied energy company Enviromena's claim for £2.8 million ($3.7 million) in grid connection costs, arguing that Enviromena wrongly opted for a more expensive connection route to ensure the solar project was completed quicker.

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Brief

St James's Place Advisers Pursue Claim Over Lost Practices

By Tom Fish

A potential group claim against St. James's Place PLC, the U.K.'s largest wealth manager, has secured funding from a specialist litigation funder, law firm Robertson Pugh Associates said Tuesday.

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PEOPLE

MoFo Hires Ashurst Tech M&A Co-Head As AI Demand Grows

By Megan Norcott

Morrison Foerster LLP has hired the former global co-head of the technology mergers and acquisitions group at Ashurst Perkins Coie as the firm responds to growing demand for expertise in artificial intelligence.

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LAW FIRMS IN TODAY'S NEWS

Addleshaw Goddard

Ashurst Perkins

Baker McKenzie

Clifford Chance

Dickson Minto

Guildhall Chambers

Latham & Watkins

Linklaters LLP

Morgan Lewis

Morrison & Foerster

Reed Smith

Robertson Pugh

Simmons & Simmons

Slaughter and May

Stevens & Bolton

TLT LLP

Willkie Farr

Wilson Sonsini

COMPANIES IN TODAY'S NEWS

Advent International Corp.

Centerview Partners Holdings LP

Google LLC

JPMorgan Chase & Co.

London Stock Exchange Group PLC

National Grid PLC

Prologis Inc.

St. James's Place

Universities Superannuation Scheme Ltd.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Competition and Markets Authority

European Commission

National Health Service