Transactions UK

  • August 08, 2024

    Vorys-Led Infra Supplier Buys Utility Pole Biz For Up To $46M

    Hill & Smith PLC said Thursday that it has bought utility pole maker Trident Industries LLC in a deal worth up to $46 million, as the infrastructure products supplier looks to bolster its presence in the U.S.

  • August 08, 2024

    Bank Of Cyprus To Quit LSE, Weighs Athens Move

    Bank of Cyprus said Thursday that it plans to ditch its place on the London Stock Exchange in favor of a proposed listing on the Athens bourse, to boost its profile among investors in the region and enhance the liquidity of its shares.

  • August 07, 2024

    PE Firm Gets Extension To Make £253M Bid For Payments Co.

    Equals Group PLC said Wednesday that the U.K. authority on takeover and merger transactions has extended the deadline for private equity company TowerBrook and financial startup Railsr to officially confirm their proposed £253 million ($321 million) takeover offer, or walk away from it.

  • August 07, 2024

    Aon Calls For More Transparency On Funded Reinsurance

    Broking giant Aon PLC said Wednesday it was concerned about the lack of public disclosure requirements on offshore risk-sharing contracts, ahead of new regulation for life insurers due to come into force later this year.

  • August 07, 2024

    Vodafone Calls Up 2nd €500M Tranche Of €2B Share Buyback

    Telecoms giant Vodafone Group PLC kicked off the second stage of a €2 billion ($2.2 billion) buyback program on Wednesday worth up to €500 million, which is aimed at lowering its outstanding share capital.

  • August 07, 2024

    Finance Biz To Start 3rd Share Buyback Of £30M

    TP ICAP Group PLC said Wednesday it will launch a new share repurchasing program worth up to £30 million ($38.1 million), as the U.K. financial services firm eyes returning cash to shareholders and reducing the company's debt levels.

  • August 07, 2024

    DLA Piper-Led Netcall To Buy Software Biz For Up To £13M

    Software company Netcall PLC said Wednesday that it has agreed to acquire technology company Govtech Holdings Ltd., which mainly serves local governments in the U.K., for up to £13 million ($16.5 million), adding more councils to its customer base.

  • August 07, 2024

    Womble Bond Steers £20M Pension Deal For Landlord Biz

    Aviva PLC said Wednesday that it has covered the full £20 million ($25.4 million) of pensions liabilities for a subsidiary of Grainger PLC, a residential property manager in the build-to-rent sector.

  • August 07, 2024

    KKR To Buy Majority Stake In Ad Group FGS In $775M Deal

    Investment giant KKR & Co. Inc. said Wednesday that it has agreed to buy a majority stake in FGS Global, in an all-cash deal that values the global public relations firm at $1.7 billion.

  • August 07, 2024

    Glencore Drops Coal Exit Plan After Shareholders' Opposition

    Anglo-Swiss commodities and mining heavyweight Glencore PLC said Wednesday that it has scrapped plans to spin off its coal business after shareholders overwhelmingly voted against separating the lucrative subsidiary.

  • August 06, 2024

    3 Firms Guide AI-Focused Semiconductor Maker's SPAC Deal

    Special-purpose acquisition company byNordic Acquisition Corp. said Tuesday it plans to acquire and take public an artificial intelligence-focused subsidiary of Sivers Semiconductors AB through a deal advised by three law firms.

  • August 13, 2024

    Davis Polk Hires PE Pro From A&O Shearman In London

    Davis Polk & Wardwell LLP said Tuesday that it has hired a private equity specialist from Allen Overy Shearman Sterling as a partner in its London corporate practice as the U.S. firm looks to seize "ripe" opportunities for growth in the City.

  • August 06, 2024

    Luxembourg Telecoms Biz Weighs Investor's New $4.4B Bid

    Millicom said Tuesday that a committee of independent directors is reviewing a revised $4.4 billion offer made by Atlas Investissement, after the Luxembourg-based telecommunications company rejected a $4.1 billion bid in July.

  • August 06, 2024

    Eversheds Steers Sale Of Kodak Unit By Pensions Lifeboat

    The U.K. Pension Protection Fund has sold a business unit of photography giant Kodak to U.S. private equity firm Kingswood Capital Management in a deal steered by Eversheds Sutherland and Kirkland & Ellis LLP.

  • August 06, 2024

    Domino's Serves Up £20M Share Buyback To Trim Capital

    Domino's Pizza Group PLC began a share repurchase program of up to £20 million ($25 million) on Tuesday, aimed at trimming its outstanding share capital.

  • August 06, 2024

    Estonian Investor Infortar Ups Stake In Shipper To 68%

    AS Tallink said Tuesday that Estonian investment company AS Infortar has increased its stake in the Baltic Sea shipper to over 68% as a result of a €388 million ($423 million) voluntary takeover offer it announced in June.

  • August 06, 2024

    Tate & Lyle Sugar Biz Deal Gets Provisional UK Nod

    Britain's competition authority said Tuesday that it has provisionally cleared Tate & Lyle's planned acquisition of the U.K. business of Tereos, dissolving earlier antitrust concerns after it found that the loss-making producer of agricultural raw materials would probably fold if the deal does not go ahead.

  • August 06, 2024

    Brown & Brown Buys Trade Credit Insurance Specialist

    Brown & Brown (Europe) Ltd. said Tuesday that it has bought trade credit insurance broker The CI Group Holdings Ltd. to expand its services for lenders and the small and midsized businesses in the U.K.

  • August 05, 2024

    Freshfields, Wachtell Guide $925M CVC, Mallinckrodt Deal

    Dublin-based pharmaceutical company Mallinckrodt has inked a deal to sell its immunotherapy business Therakos to Luxembourg-based private equity firm CVC Capital Partners for $925 million, Mallinckrodt said in a Monday statement.

  • August 05, 2024

    David Beckham-Backed Gaming Biz Announces Takeover Deal

    Guild Esports PLC, a sports video game business co-owned by David Beckham, announced Monday it has inked a letter of intent for its proposed takeover by American investment manager DCB Sports LLC for an undisclosed sum.

  • August 12, 2024

    Kirkland Hires M&A Pro From Latham For New Frankfurt Office

    Kirkland & Ellis LLP said Monday that it has recruited the head of Latham & Watkins LLP's corporate practice in Europe as part of its plans to launch a new office in Frankfurt, the latest in a wave of high-profile departures from the German operations of the U.S. giant.

  • August 05, 2024

    Touchstone Weighs Options As Rival Swoops To Buy Oil Biz

    Canadian oil and gas company Touchstone on Monday urged the shareholders of Trinity Exploration to not take any action in response to rival Lease Operators' superior £26.4 million ($33.7 million) bid.

  • August 05, 2024

    Glencore Ordered To Pay $152M In Swiss Bribery Case

    Switzerland's federal prosecutor ordered commodities trader and miner Glencore on Monday to pay $152 million for failing to prevent bribery linked to the acquisition by a business partner of minority stakes in two mining companies in the Democratic Republic of Congo in 2011.

  • August 05, 2024

    3 Firms Guide $1.75B Thoughtworks-Apax Deal, Stock Soars

    Chicago-based Thoughtworks said it will be sold to British private equity firm Apax Partners LLP at a roughly $1.75 billion enterprise value, a deal that sent the technology consultancy's stock soaring more than 25% on Monday morning.

  • August 05, 2024

    Clinical Trials Biz HVIVO To Quit Euronext, Focus On AIM

    Vaccines testing firm hVIVO PLC said Monday it plans to cancel its listing on the Euronext Dublin bourse to consolidate trading its stock on London's junior alternative investment market AIM, a move it believes will also shave off some expenses.

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