Transactions UK

  • May 10, 2024

    Burges Salmon Steers £100M Pension Deal For Rathbones

    Insurer Canada Life said it has completed a £100 million ($125.1 million) buy-in with the pension schemes of investment and wealth management company Rathbones Group PLC, in a deal steered by Burges Salmon LLP.

  • May 10, 2024

    Building Materials Biz To Return Further $300M To Investors

    CRH PLC on Friday rolled out a new chunk worth up to $300 million of its ongoing share repurchase program as the construction materials manufacturer seeks to reduce its outstanding share capital and to reward investors.

  • May 10, 2024

    London SPAC To Buy AI Biz Cykel In £19M Deal

    London-based blank-check company Mustang Energy PLC said Friday that it has agreed to acquire artificial intelligence software developer Cykel AI PLC for approximately £19.2 million ($24 million) in an all-share deal after months of negotiations.

  • May 10, 2024

    Sanofi, Novavax Sign $1.2B Deal For One-Shot COVID, Flu Jab

    Sanofi and U.S. vaccine developer Novavax Inc. said on Friday that the French pharmaceutical company has bought a co-exclusive licensing agreement worth up to $1.2 billion, part of a collaboration to create a combined global COVID-19 and influenza shot.

  • May 09, 2024

    Explorer Echo Energy Eyes Latin America Gold Project

    Echo Energy PLC on Thursday said it is considering acquiring a gold project in Latin America, as the exploration company eyes "a number of potentially transformational" enterprises to fit into its revised business plan.

  • May 09, 2024

    Sony Film Co. Sues Media Group For $49M Over Share Deal

    Sony Group's Columbia Pictures has brought a $49 million claim in London against a media company that allegedly failed to pay for any shares in an entertainment business it had agreed to buy.

  • May 09, 2024

    PE Firm Sells Another £60.2M Of Shares Of Ads Biz

    An investment company backed by private equity firm Apax Partners said Thursday that it has sold part of its stake in online classifieds group Baltic Classifieds Group PLC for £60.2 million ($75 million).

  • May 09, 2024

    UK Luxury Watch Retailer Buys Italian Jewelry Biz For $130M

    Watches of Switzerland Group PLC said Thursday that it has acquired Italian jewelry company Roberto Coin Inc. for $130 million to expand its luxury branded jewelry strategy, building on their existing partnership.

  • May 09, 2024

    Aviva Takes On Construction Co. Pension Scheme In Full

    Insurance giant Aviva has secured the benefits of all uninsured final salary members of a pension plan sponsored by a British construction group in a deal guided by CMS.

  • May 09, 2024

    Concord Won't Increase 'Final' $1.5B Bid For Rival Hipgnosis

    Concord Chorus Ltd. said Thursday that it has ruled out raising its "final" all-cash offer of $1.25 per share for rival music rights company Hipgnosis Songs, which leaves only an improved bid by private equity firm Blackstone in the running to buy it.

  • May 09, 2024

    BBVA €12B Offer For TSB Owner Sabadell Turns Hostile

    Spanish banking giant BBVA launched a hostile takeover of Banco de Sabadell on Thursday, approaching shareholders directly with a €12 billion ($12.8 billion) all-share deal after being rebuffed by the rival bank's board.

  • May 08, 2024

    HSF, Ashurst-Led Ardonagh Buys Insurer For $1.5B

    U.K. insurance broker Ardonagh Group Ltd. said on Wednesday it has agreed to acquire Australia-based PSC Insurance Group Ltd. in a transaction worth $2.25 billion Australian dollars ($1.48 billion), to help it expand into new markets.

  • May 15, 2024

    White & Case Grows Milan M&A Office With Ex-Shearman Pro

    White & Case LLP has bolstered its global mergers and acquisitions practice and private equity industry group with the recruitment of a senior dealmaker as a partner.

  • May 08, 2024

    Dentons Guides Life Sciences Biz Ondine On $4M Fundraise

    Life sciences firm Ondine Biomedical Inc. on Wednesday said it has generated gross proceeds of approximately 6.07 million Canadian dollars ($4.42 million) from a fundraising program aimed at boosting its working capital and infection treatment therapy, advised by Dentons LLP.

  • May 08, 2024

    ICG Enterprise Trust To Return Another £25M To Shareholders

    Private equity investment company ICG Enterprise Trust said Wednesday that it plans on buying back up to £25 million ($31.2 million) of its shares to take advantage of its lower share price and return excess capital to its shareholders.

  • May 08, 2024

    Renewables Investor Greencoat Starts €25M Share Buyback

    Greencoat Renewables PLC said on Wednesday it has launched a share buyback scheme worth up to €25 million ($27 million) as the Irish infrastructure company said it has confidence in its financial performance.

  • May 15, 2024

    Linklaters Hires M&A Pro From Travers Smith

    Partner losses at Travers Smith LLP are continuing to mount after Linklaters LLP said on Wednesday that it has recruited a corporate specialist from the troubled U.K. law firm.

  • May 08, 2024

    Publisher Informa Ups Share Buyback Plan To £500M

    Publishing and exhibitions specialist Informa said Wednesday that it has decided to increase its share buyback plan for 2024 by nearly 50% to approximately £500 million ($624 million) because of strong financial performance and "continuing cash flow."

  • May 08, 2024

    Insurer Claims 400 Pension Deals Penned In 12 Years

    Insurer Just Group said Wednesday it has completed 400 pension transfer deals since it launched in 2012, adding that the year ahead is poised to break more records in the retirement savings de-risking market.

  • May 08, 2024

    Biopharm Biz Oxford Cannabinoid To Quit London Exchange

    Oxford Cannabinoid Technologies Holdings PLC said on Wednesday it has applied to cancel its London listing, citing "turbulent" U.K. public markets that it maintains has undervalued the company.

  • May 07, 2024

    Everton Investors Bemoan Soccer Team Sale Amid Fraud Suit

    The Everton FC Shareholders Association wants to slam the brakes on the "farce" sale of its Premier League soccer team to private equity firm 777 Partners LLC, arguing they are not qualified owners, a demand that comes as the firm faces allegations of fraud.

  • May 14, 2024

    Clifford Chance Hires Finance Pro From A&O Shearman

    Clifford Chance LLP said Tuesday that it has recruited a specialist in derivatives and structured finance from A&O Shearman, just a week after the new transatlantic giant's merger went live.

  • May 07, 2024

    BP To Return Another $1.75B To Shareholders

    BP PLC said Tuesday that it will now return $1.75 billion to its shareholders as part of a $3.5 billion buyback program it announced in February when it reported a $13.8 billion profit for 2023.

  • May 07, 2024

    Apax Unit Raises €23M From Parent's Sale Of Biz To KKR

    Investment company Apax Global Alpha said Tuesday that it has raised approximately €22.7 million ($24.4 million) from its parent company's sale of India-based medical devices maker Healthium MedTech Ltd. to investment giant KKR & Co. Inc.

  • May 07, 2024

    Self-Drive Car Co. Wayve Gets $1B In Softbank-Led AI Funding

    Self-driving car company Wayve said on Tuesday that it has raised $1.05 billion in a funding round, led by SoftBank Group Corp. of Japan, to speed up its development of vehicles driven by artificial intelligence.

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