Transactions UK

  • June 27, 2024

    Halma To Snap Up Portuguese Fire Equipment Biz For €42.5M

    Halma PLC said Thursday that it has acquired Portuguese fire detection and alarm systems company Global Fire Equipment SA for €42.5 million ($45.4 million) as the safety giant carries on its aggressive acquisition momentum well into 2024.

  • June 27, 2024

    A&O Shearman Steers Ireland's €593M AIB Stake Sale

    The Irish government said Thursday it has sold a further 5% stake in AIB for €592.9 million ($633.8 million), as it continues to shrink its ownership after nationalizing the lender during the global financial crisis.

  • June 27, 2024

    Sackers Steers Bentley Trustee In £880M Pensions Deal

    Luxury carmaker Bentley Motors Ltd. has passed £880 million ($1.1 billion) of the liabilities of its staff pension plan to Standard Life, the insurer said Thursday, in a deal steered by Sacker & Partners LLP, Travers Smith LLP and Eversheds Sutherland.

  • June 27, 2024

    Freshfields Helps Saint-Gobain Seal $1B Deal For Dubai Biz

    Saint-Gobain said Thursday that it will buy Dubai-headquartered Fosroc for $1.025 billion in cash as it looks to boost its worldwide presence in the construction chemicals market.

  • June 26, 2024

    FCA Asked To Block Shein IPO Over Forced Labor Concerns

    A Uyghur rights group said Wednesday that it has teamed up with Leigh Day to block Shein from floating on the London Stock Exchange over concerns it uses forced labor.

  • June 26, 2024

    Learning Technologies Sells US Biz VectorVMS For $50M

    Learning Technologies Group PLC said Wednesday it has agreed to sell its U.S.-based vendor managing platform to Pixid Group for $50 million, as it looks to refocus its business portfolio.

  • June 26, 2024

    Britain's Phoenix Group Plans Sale Of SunLife

    Life insurance heavyweight Phoenix Group said Wednesday that it is planning to sell its SunLife Ltd. subsidiary that provides financial services to over 50s in the U.K.

  • June 26, 2024

    Haleon To Sell Nicotine Replacement Biz For Up To £500M

    Haleon PLC said Wednesday that it will sell its nicotine replacement business outside the U.S. to Indian pharmaceutical group Dr. Reddy's Laboratories for up to £500 million ($632 million) to streamline its business.

  • June 26, 2024

    Canadian Mining Biz Ups Stake In Chile Copper Co. For $350M

    Canadian mining company Lundin Mining Corp. said Wednesday that it has increased its stake in a copper mining company to 70% by buying an additional 19% of its shares from JX Advanced Metals Corp. for $350 million to boost its copper production globally.

  • June 26, 2024

    Eversheds Steers £33M Pension Deal For Metal Recycling Co.

    A global scrap metal company has offloaded £33 million ($42 million) of its U.K. staff pension liabilities to insurer Aviva PLC, advisers said Wednesday, in a deal steered by Eversheds Sutherland.

  • June 26, 2024

    DLA Piper Launches Investment Management & Funds Practice

    DLA Piper formally launched its global investment management and funds practice Wednesday to meet increasing client demand and align with market trends, supporting asset managers, fund sponsors and investors.

  • June 26, 2024

    Zurich To Acquire AIG's Travel Insurance Biz For $600M

    Zurich Insurance Group said Wednesday that it will buy the personal travel insurance business from U.S. financial group AIG for $600 million to help the Swiss insurer to become a leading provider of holiday cover in the U.S.

  • June 26, 2024

    Investor Onepoint Walks Away From Atos Restructuring Talks

    French IT consultancy Atos said Wednesday that investor Onepoint has pulled out of a proposal to restructure its €4.8 billion ($4.05 billion) debt pile, making room for Czech billionaire Daniel Křetínský to rejoin discussions.

  • June 25, 2024

    Int'l Paper Gets US Clearance On $7.2B DS Smith Buy

    International Paper Co. and its U.K. competitor DS Smith PLC said Tuesday that the waiting period for U.S. antitrust authorities to try and block their planned roughly $7.2 billion merger has expired. 

  • June 25, 2024

    BP's Castrol Invests $50M In Battery-Swapping Biz

    Castrol, a lubrication giant owned by oil major BP, has invested up to $50 million in Gogoro Inc., an electric vehicle battery-swapping business, a move it believes will help diversify its portfolio, according to a joint announcement released Tuesday.

  • June 25, 2024

    Macquarie To Exit €1B Italian Hydroelectric Biz

    Infrastructure asset management giant Macquarie Asset Management said Tuesday that it has agreed to sell its entire 40% stake in Hydro Dolomiti Energia in a deal that values the Italian hydroelectric power company at approximately €1 billion ($1.07 billion).

  • July 02, 2024

    Paul Hastings Hires Finance Pro Reena Gogna From Weil

    Paul Hastings LLP has recruited a finance specialist from Weil Gotshal & Manges LLP in London to boost its offering to lenders in leveraged finance transactions and other complex deals.

  • June 25, 2024

    HSF Steers £195M Sale Of UK Power Plant To Portuguese Firm

    Portuguese renewable energy group Greenvolt said Tuesday that it has agreed to acquire the owner of a biomass renewable heat and power generation plant in southeastern England for £195.3 million ($248 million) to strengthen its position in the country.

  • June 25, 2024

    Home Safety Biz Investors Back Takeover By Singapore Rival

    FireAngel Safety Technology Group PLC said Tuesday that more than 90% of its shareholders have agreed for the company to be bought out by smoke-alarm rival Intelligent Safety Electronics Pte. Ltd. of Singapore in an all-cash deal valued at £27.7 million ($35.2 million).

  • June 25, 2024

    Squire Patton Guides PE Shop's Insurance Platform Deal

    European private equity shop Perwyn has said it will acquire specialist insurance platform Atec Group from rival buyout business Kester Capital to strengthen its stable of niche and non-standard products.

  • June 25, 2024

    Hogan Lovells-Led Property Biz Ups Stake In Mall For £120M

    Land Securities Group PLC said Tuesday it has acquired an additional 17.5% of a shopping mall near London from Singapore sovereign wealth fund GIC Pte Ltd. for £120 million ($152 million), boosting its stake to 66.25%.

  • June 24, 2024

    CEO Can Sue Nickel Mining Co. In UK Over 'Ambiguous' Firing

    An employment tribunal has ruled that the former CEO of a Zambian mining company can pursue his unfair dismissal claim in the U.K. after concluding that his contract was subject to English law.

  • June 24, 2024

    Covestro, Abu Dhabi Oil In 'Concrete' Talks For $12.5B Deal

    German chemicals group Covestro AG said Monday it is advancing its talks to potentially sell the business to the Abu Dhabi National Oil Co. after the United Arab Emirates' oil group upped its bid to more than €11.7 billion ($12.5 billion).

  • June 24, 2024

    Pets At Home Begins First Tranche Of £25M Share Buyback

    Pets at Home Group PLC on Monday kicked off the initial phase of an up to £25 million ($32 million) share repurchase program aimed at lowering its outstanding share capital.

  • June 24, 2024

    Burges Salmon Steers £25M Pension Deal For Travel Co.

    Legal & General will take on £25 million ($31.7 million) worth of pension liabilities from a scheme sponsored by travel company TUI in a deal steered by Burges Salmon LLP, advisers on the transaction said Monday.

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