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Transactions UK
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June 13, 2024
Robin AI Launches Tool To Automate M&A Due Diligence
U.K. legal tech company Robin AI said Thursday that it has launched a new tool designed to streamline due diligence in mergers and acquisitions, in a move that will save time by offering a cost-effective alternative to the multimillion-pound fees charged by top firms.
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June 13, 2024
Property Investor Palace To Return Up To £22M To Investors
Palace Capital PLC on Thursday detailed a share repurchase program worth up to £21.67 million ($27.7 million), aimed at returning capital to shareholders.
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June 13, 2024
Davis Polk-Guided Care Home Co. Eyes €237M Capital Raise
Clariane SE on Thursday launched a rights issue of new shares in the company worth €237 million ($255.8 million), as the troubled French nursing home provider looks to continue cutting its debt levels in the face of higher interest rates.
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June 13, 2024
Eversheds-Led Mining Co. To Buy Trident Royalties For £144M
Deterra said on Thursday that a unit has agreed to buy U.K.-based mining royalty company Trident Royalties PLC for roughly £144 million ($184 million), as the Australian iron ore mining company seeks to diversify its portfolio and geographical presence.
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June 13, 2024
Payment Services Firm Launches £20M Share Buyback
PayPoint PLC said Thursday it will start an up to £20 million ($25.6 million) share repurchase program, part of a planned three-year buyback scheme aimed at rewarding shareholders.
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June 13, 2024
Troubled Insurer Considers Liquidation To Finish Onex Sale
Struggling insurance company R&Q said on Thursday that it could fall into liquidation to allow it to complete the sale of its underwriting unit to a Canadian private equity shop, Onex Corp.
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June 12, 2024
Rimon Hires 5 Partners, Expands Global Transactions Team
A team of five partners focusing on transactional, finance and corporate matters has joined Rimon PC across several countries to represent investors, asset managers, credit funds and other clients.
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June 12, 2024
Ex-Serco Chair Says Contract Fraud 'Came Out Of The Blue'
Serco's former chair said at a London trial Wednesday that the scandal of its overbilling for government contracts left a "cloud" hanging over the outsourcing multinational, as the company clashes with investors seeking to recover their losses from the resulting plunge of its stock price.
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June 19, 2024
King & Spalding Hires 5 Finance Pros From Cadwalader In UK
King & Spalding LLP has boosted its partnership ranks in London with the hire of five finance lawyers from rival U.S. law firm Cadwalader Wickersham & Taft LLP.
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June 12, 2024
Gowling, Eversheds Steer £125M Med. Nonprofit Pension Deal
Pension insurance company Rothesay said it has completed a £125 million ($160 million) full scheme buy-in with a plan sponsored by The nonprofit Medical Protection Society Ltd., in a deal steered by Gowling WLG and Eversheds Sutherland.
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June 12, 2024
Argentina Loses Appeal Over €1.3B Payment In Bonds Dispute
Argentina cannot avoid paying out €1.3 billion ($1.4 billion) to bondholders for wrongly adjusting the way it calculates yields for government securities as a London appeals court rejected on Wednesday its construction of a contractual dispute.
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June 12, 2024
Sweden's Karnov Buys Danish Legal Info Biz For $46M
Swedish professional services provider Karnov Group AB said Wednesday it has agreed to acquire the Danish legal information unit of J.H. Schultz Information A/S for 478 million Swedish krona ($46 million) to help build its generative AI business.
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June 12, 2024
Insurer L&G Plans £200M Share Buyback To Boost Returns
Legal & General Group PLC on Wednesday said it will launch a £200 million ($255 million) share repurchase program as it unveiled plans to boost returns for investors and focus on core areas of its business.
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June 12, 2024
Makeup Biz To Buy Norwegian Logistics Co. For Up To $23M
Aqua Bio said Wednesday it has agreed to buy Jetcarrier AS, a logistics and customs clearance specialist, for up to 241 million Norwegian kroner ($22.6 million), as the skincare ingredient supplier looks to bolster its supply chain management.
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June 12, 2024
Property Investor Special Opportunities Scraps IPO Plans
Special Opportunities REIT said on Wednesday its planned listing on the London Stock Exchange's standard segment has failed after the U.K. property investor was unable to raise the minimum £250 million ($321 million) needed to proceed with the float.
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June 12, 2024
Winemaker's £46M Buy Of Spirits Group Wins Court Backing
English sparkling wine producer Nyetimber's £46.1 million ($58.8 million) acquisition of The Lakes Distillery, a liquor maker, has won court approval, the companies said on Wednesday.
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June 12, 2024
French Tech Co. Atos To Sell Energy Consultancy For €270M
Atos has said it is selling its energy advisory business to engineering consultancy Alten in a €270 million ($290 million) deal as the French technology company aims to lower its €4.8 billion pile of debt.
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June 11, 2024
Serco Denies Directors Knew Of Fraud In Securities Trial
Serco Group PLC denied investors are entitled to compensation over a fraud that caused the outsourcing giant's share price to nosedive, arguing on the second day of a London trial Tuesday that none of its directors had known about the alleged wrongdoing.
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June 11, 2024
Swiss Firm Closes 5th PE Program With Over $15B In Tow
Switzerland-based private equity firm Partners Group on Tuesday announced that it clinched its fifth direct private equity program after surpassing its $15 billion target, which will be used to invest across the technology, health and life, goods and products, and services verticals.
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June 11, 2024
Widow Who Signed Docs 'Without Reading' Still Owes $64M
A London appellate court has ruled that a former Hong Kong resident can't escape a personal guarantee to pay 500 million Hong Kong dollars ($64 million) to cover bonds issued by her husband's company, in part because she entered the contract for business purposes.
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June 18, 2024
Fieldfisher Hires Linklaters RE Pro To Open Brussels Practice
Fieldfisher LLP has hired a real estate specialist from Linklaters LLP to launch a new practice in Belgium as it ramps up its services to clients in transactional matters and litigation.
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June 11, 2024
Graphene Biz Directa Plus Eyes Raising Up To £6.9M
Directa Plus said Tuesday it plans to raise up to £6.9 million ($8.8 million) by selling shares to investors as it looks to strengthen its operations ahead of an expected boom in demand for graphene.
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June 11, 2024
Shakespeare Martineau Adds Finance Pro From Blake Morgan
Shakespeare Martineau LLP has hired a finance and banking specialist as a partner at the firm's new offices on the south coast of England, where he will work with new and existing clients across a range of sectors.
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June 11, 2024
Tanzanian-Focused Explorer Raises £8M For Helium Project
Helium One Global Ltd. said Tuesday it has raised gross proceeds of £8 million ($10.2 million) through issuing 1.6 billion shares to investors, funds the helium explorer plans to use on its development work in Tanzania, east Africa.
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June 11, 2024
Renew Buys Electric Infrastructure Co. For Up To £26M
Renew Holdings PLC said Tuesday it has bought Excalon Holdings Ltd., an infrastructure contractor, for £22 million ($28 million) upfront, as the U.K. engineering services company eyes entry into the country's growing electricity transmission and distribution market.