Transactions UK

  • September 13, 2024

    Shell Companies Shuttered By Court For £1.6M COVID Fraud

    The High Court has shut down two connected companies that fraudulently received £1.6 million ($2.1 million) in COVID-19 support loans, a U.K. government agency said Friday.

  • September 13, 2024

    HSF-Led National Grid To Sell Supply Unit To Gov't For £630M

    National Grid PLC said Friday that it has agreed to sell its electricity supply system to the U.K. government for £630 million ($827 million), which will bring it into public ownership.

  • September 13, 2024

    Vodafone-Three Deal Could Boost Users' Costs, UK Warns

    A proposed £16.5 billion ($21.7 billion) merger between Vodafone Group PLC and the telecommunications networks of Three UK could raise tens of millions of mobile customers' bills, Britain's antitrust authority warned Friday.

  • September 12, 2024

    DLA Piper Taps Brussels Veteran As Int'l Head Of Competition

    A DLA Piper partner who has been with the firm in Brussels since 2015 is the new head of its international competition group.

  • September 12, 2024

    Nippon's Push To Save US Steel Buy And Other Deal Rumors

    An executive of Japan-based Nippon flew to Washington, D.C., this week to push for approval of its $14.9 billion deal with US Steel, the FTC is wary of a Canadian takeover of 7-Eleven, and a former NBA player is buying a 10% stake in the Milwaukee Bucks. Here, Law360 breaks down these and other notable deal rumors reported over the past week.

  • September 12, 2024

    NewRiver REIT Gets 2nd Extension To Bid For UK Mall Owner

    Shopping center owner Capital & Regional PLC said Thursday that the Panel on Takeovers and Mergers has granted its request to allow NewRiver REIT PLC more time to make or cancel a formal offer for Capital & Regional's biggest shareholder Growthpoint Properties Ltd.

  • September 12, 2024

    Wilson Sonsini Hires Tax Pro From Slaughter and May

    Wilson Sonsini Goodrich & Rosati PC has recruited a tax specialist from Slaughter and May to its office in London to boost its strengths representing U.K. and European technology and life sciences companies that are expanding in the U.S. and globally.

  • September 12, 2024

    EU Probes Bankrupt German Racetrack Sale After Court Loss

    The European Commission relaunched an investigation Thursday into whether Germany supplied illegal state aid in the sale of the Nürburgring motorsports complex after the European Union's top court struck down the competition authority's 2014 decision to clear the aid.

  • September 12, 2024

    Italian Watchdog Probing Swisscom's €8B Vodafone Deal

    Swisscom said Thursday that the Italian Competition Authority has launched an in-depth probe into its proposed €8 billion ($8.8 billion) cash purchase of Vodafone Italia, a transaction the Swiss telecoms company said is on track to complete.

  • September 12, 2024

    Marlowe To Spin Off Health Unit For £225M AIM Listing

    Regulatory compliance firm Marlowe PLC said Thursday that it intends to spin off its occupational health division to form an independent company, Optima Health PLC, and list it on the junior market of the London Stock Exchange at a valuation of £225 million ($294 million).

  • September 12, 2024

    A&O Shearman-Led Cinven Buys 50% Of UK Insurance Expert

    Private equity firm Cinven Ltd. has bought a 50% stake in Policy Expert, a home and motor insurance provider in the U.K., as it pursues its global growth strategy.

  • September 12, 2024

    French Legal Research Startup Jus Mundi Raises $22M

    Paris-based international law and arbitration research startup Jus Mundi announced that it raised $22 million in series B funding to fuel artificial intelligence development and continue its international expansion.

  • September 12, 2024

    Cleary Gottlieb-Led General Mills Snacks On $2B Yogurt Sale

    General Mills Inc. said Thursday that it will sell its North American yogurt business to two French dairy companies for $2.1 billion in total cash, allowing it to focus on its core brands.

  • September 12, 2024

    Sullivan & Cromwell Guides Springer Nature's German IPO

    German-British journal publisher Springer Nature said Thursday that it will aim to raise €200 million ($220 million) as it announced plans for an initial public offering in Frankfurt — what would be the first large European listing in the second half of the year. 

  • September 12, 2024

    Energy Biz Bowleven Edges Closer To Quitting LSE Listing

    Bowleven said Thursday that it has now closed the window for its shareholders to sell their stock before the energy business leaves the junior market of the London Stock Exchange after it received an offer from venture capitalists Crown Ocean Capital to go private.

  • September 12, 2024

    UK Investment Biz Sells Unit To Canaccord For Up To £51M

    London-based investment manager Brooks Macdonald said Thursday that it has agreed to sell its asset management division to a subsidiary of Canaccord Genuity, a Canadian financial services firm, for a maximum of £50.85 million ($66.35 million).

  • September 12, 2024

    Sanofi Sets €320M Licensing Deal With US, French Biotechs

    Pharmaceutical giant Sanofi SA said Thursday that it will pay up to €320 million ($353 million) to U.S. biotechnology group RadioMedix Inc. and French medicine developer Orano Med for an exclusive license for a radiation treatment for rare cancers.

  • September 11, 2024

    Trustpilot Kicks Off £20M Share Buyback, Returns To Profit

    Trustpilot Group PLC launched a new share buyback program worth up to £20 million ($26 million) on Wednesday as the consumer reviews platform bids to reduce its outstanding share capital after it swung back to profit.

  • September 11, 2024

    EQT Leads €93M Round For Belgian Biotech's Cancer Venture

    Biotech company Ion Beam Applications SA said Wednesday its joint venture PanTera raised €93 million ($102.4 million) in an oversubscribed first round of venture capital funding, led by global investor EQT.

  • September 11, 2024

    Anglo American Sells $400M Of Shares In Platinum Subsidiary

    Anglo American said Wednesday that it has raised 7.2 billion South African rand ($400 million) by selling shares in one of its subsidiaries — a sale that could ultimately lead to the listing of the world's largest producer of platinum on the London Stock Exchange.

  • September 11, 2024

    Dentons Adds 2 Corp. Pros In Dublin From US Rivals

    Dentons has recruited two new corporate partners to its Dublin office from U.S. rivals as it looks to expand its mergers and acquisitions practice in the Irish market and capitalize on its global footprint.

  • September 11, 2024

    Paul Hastings-Led ICG Clinches $17B Direct Lending Fund

    British private equity shop Intermediate Capital Group Inc., guided by Paul Hastings, said Wednesday that it has wrapped its fifth direct lending fund after securing roughly €15.2 billion ($17 billion) from limited partners, with plans to offer loans to PE-backed middle market companies based in Europe.

  • September 11, 2024

    WH Smith Launches £50M Buyback Amid Surge In Travel

    WH Smith PLC launched a share repurchase program on Wednesday valued at up to £50 million ($66 million) as the books and travel retailer seeks to reward investors, and as it reported a boost in business helped by strong passenger numbers.

  • September 11, 2024

    Latham Hires Senior Tax Pro From Travers Smith In London

    Latham & Watkins LLP said on Wednesday that it has recruited a former head of tax at Travers Smith LLP for its office in London, a blow for the U.K. law firm, which has been hit by the departure of a series of partners.

  • September 11, 2024

    Dubai Builder Sells Entire Stake In UK Rival Costain For £38M

    Dubai-based builder ASGC Construction LLC said Wednesday that it has ended its investment in Costain Group PLC, a British building engineering company, with a sale to institutional investors.

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