Transactions UK

  • October 10, 2024

    Ireland's Finance Bill Sets Out Foreign Dividend Exemption

    The Irish government set out its plans for a new participation tax exemption for foreign dividends as part of a finance bill published Thursday.

  • October 10, 2024

    Hyundai Plans IPO For Indian Biz, Plus More Rumors

    Hyundai's Indian unit is eyeing a massive $3.3 billion initial public offering, rumors are swirling regarding ownership stakes of major European soccer clubs, and Saudi Arabia’s Public Investment Fund may buy a $1 billion minority stake in sports-streaming giant DAZN. Here, Law360 breaks down these and other notable rumors from the past week.

  • October 10, 2024

    Ex-CEO Wins £115K For Dismissal Before Meat Supplier's Sale

    The ousted chief executive of a meat supplier has won £115,352 ($150,802) after an employment tribunal ruled that administrators made him redundant in order to attract offers to buy his failing company.

  • October 10, 2024

    Kirkland-Led Brookfield's £557M Tritax Bid Beats Rival Offer

    Asset manager Brookfield said Thursday that Tritax EuroBox has accepted its £557 million ($728 million) bid, beating out an all-stock offer worth approximately £552 million from property investor Segro that the logistics property investor accepted in September.

  • October 10, 2024

    Pension Deals Market Expected To Finish Year Below £49B

    The annual volume of pension deals completed in 2024 is set to close below the record of £49.1 billion ($64.2 billion) in 2023, Lane Clark & Peacock LLP has said, as the consultancy suggested the market is now at "cruising altitude."

  • October 10, 2024

    Osborne Clarke Guides Purchase Of Broker DeadHappy

    Estate planning company Octopus Legacy said Thursday that it has bought the technology assets of controversial defunct life insurance broker DeadHappy, in a deal steered by Osborne Clarke LLP.

  • October 09, 2024

    Insurance Firm Keoghs Expands With Ireland Solicitors Deal

    Insurance law firm Keoghs LLP said Wednesday it has expanded into Ireland with the acquisition of Dublin-based O'Brien Lynam Solicitors, in a deal steered by A&L Goodbody LLP and Addleshaw Goddard (Ireland) LLP.

  • October 09, 2024

    £41.5M InvestAcc Group Pensions Biz Deal Finalized

    London-headquartered InvestAcc Group Ltd, formerly Marwyn Acquisition Co. II Ltd., said Wednesday it has completed its £41.5 million ($54.3 million) acquisition of a pensions services provider in Carlise, North England, a move expected to bolster its retirement savings business.

  • October 09, 2024

    Pinsent Masons Steers £1.5B Pension Deal For Michelin

    Aviva said Wednesday it has taken on £1.5 billion ($1.96 billion) in pension liabilities from a scheme sponsored by tire giant Michelin in the largest bulk purchase annuity deal announced so far this year.

  • October 09, 2024

    Mondi To Buy Schumacher Packaging Assets For €634M

    Packaging company Mondi PLC said Wednesday that it has agreed to acquire the western European packaging assets of Germany-based Schumacher Packaging at an enterprise value of €634 million ($697 million), strengthening its footprint in the region.

  • October 09, 2024

    Switzerland OKs £5.4B Hargreaves Lansdown PE Takeover

    The Swiss Competition Commission has given the thumbs up to the £5.4 billion ($7 billion) takeover of Hargreaves Lansdown by a group of private equity companies, consortium member CVC Capital Partners Ltd. said Wednesday.

  • October 09, 2024

    Linklaters-Led Rio Tinto To Buy Arcadium Lithium For $6.7B

    Rio Tinto said Wednesday that it has agreed to acquire Arcadium Lithium PLC for approximately $6.7 billion to solidify its position as the global leader in energy transition commodities, in a deal guided by Linklaters and Davis Polk.

  • October 08, 2024

    Imperial Brands Announces £1.25B Share Buyback Program

    Tobacco giant Imperial Brands PLC on Tuesday said it will reward investors with a further £1.25 billion ($1.6 billion) share repurchase program for fiscal year 2025, in line with its ambitions to deliver total share buyback returns of £3.35 billion.

  • October 08, 2024

    Linklaters, EU Antitrust Pros Hired For CMA Roles

    The U.K.'s competition watchdog said Tuesday that it has hired two new senior legal directors from Linklaters LLP and the European Commission and awarded a permanent contract to an existing one.

  • October 08, 2024

    UK Gov't Should Impose Exit Tax, Economists Say

    The U.K. should follow the example of Australia and Canada and enact a tax on business owners leaving the country, according to a report published Tuesday by a research group.

  • October 08, 2024

    EU Removes Antigua And Barbuda From Tax Blacklist

    The Council of the European Union removed Antigua and Barbuda from its blacklist of noncooperation jurisdictions on global tax standards, the EU's Economic and Financial Affairs Council announced Tuesday.

  • October 08, 2024

    London Blank-Check Eyes Reverse Takeover 2 Years After IPO

    Cash shell Milton Capital PLC said Tuesday that it has reached a preliminary agreement with Horizon Energy Global Corp. that could result in the energy company taking over Milton's listing on the London Stock Exchange two years after it was first listed.

  • October 08, 2024

    Travers Smith Leads Wealth Manager On £45M Purchase

    Brooks Macdonald Group PLC said Tuesday that it has agreed to buy financial planners Lift in a deal worth up to £45 million ($59 million) to expand its client reach and accelerate growth in the planning sector, advised by Travers Smith LLP.

  • October 08, 2024

    Harworth Group Nabs Logistics Property For £43.7M

    Harworth Group PLC said Tuesday that it has acquired an urban logistics property in the northern part of England for £43.7 million ($57.2 million), which has a capacity to generate £2.5 million of annual rent.

  • October 08, 2024

    $1B-Plus Mega M&A Deals Hit 2-Year High, WTW Says

    The number of mergers and acquisitions valued at more than $1 billion surged to a two-year high in the third quarter of 2024, with almost 50 deals penned, an insurance broker said Tuesday.

  • October 07, 2024

    Rosenblatt Rejects Negligence Claims Over Jaeger Collapse

    Rosenblatt Solicitors has denied being negligent in its handling of a claim for a fashion retail entrepreneur against Lloyds Bank over the bank's alleged role in the demise of fashion brand Jaeger, arguing it had to take a narrow focus to bolster the weak case.

  • October 07, 2024

    Investor IP Group Extends Share Buyback By £10M

    IP Group PLC extended on Monday its recently ended £20 million ($26 million) share repurchase program by £10 million, a move expected to further lower the innovation and early-stage science backer's share capital.

  • October 07, 2024

    A&O Shearman-Led FD Technologies To Sell Unit For £230M

    British technology firm FD Technologies said Monday it has agreed to sell its First Derivative unit to the U.S.-based software engineering company EPAM for £230 million ($300 million) in a deal guided by Allen Overy Shearman Sterling LLP.

  • October 07, 2024

    Outsourcer Mitie Buys Spanish Security Business For €11M

    British facilities management giant Mitie Group PLC said Monday it has bought Barcelona-based Grupo Visegurity for up to €11 million ($12 million), advised by Marimon Abogados, a law firm in Spain.

  • October 07, 2024

    Renew Holdings Buys Wind Turbine Service Biz For €60M

    British engineering services firm Renews said Monday that it has acquired wind turbines services company Full Circle Group Holding BV for €60 million ($54.6 million) from Belgian family company AtlasInvest Holding as it expands into the high-growth renewable energy services market.

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