Transactions UK

  • January 21, 2025

    British Gas And E.ON Fight To Overturn Gov't Buyout Of Rival

    Energy suppliers British Gas and E.ON urged the Court of Appeal on Tuesday to give them a second chance to argue that the government mishandled the taxpayer-supported buyout by Octopus Energy of a collapsed rival amid skyrocketing energy prices.

  • January 28, 2025

    Clifford Chance Adds White & Case Euro Private Credit Vet

    Clifford Chance has hired a private capital expert from White & Case as a partner in its global financial markets department in Milan to expand its European structured debt practice.

  • January 21, 2025

    Medical Supplier Deltex To Cancel AIM Listing

    Deltex confirmed Tuesday it is seeking to end its listing on the junior market of the London Stock Exchange, as the medical equipment maker looks to cut costs "disproportionate to the limited benefits" of its listing.

  • January 21, 2025

    UK Defense Consultancy Plans To Raise £5M In London IPO

    Defense consultancy RC Fornax PLC said Tuesday that it plans to float on the junior Alternative Investment Market of the London Stock Exchange to raise £5 million ($6.1 million) to accelerate its expansion and "attract, recruit and retain" key employees.

  • January 21, 2025

    Retail Votes The Key To Deciding Investment Trusts' Future

    Investment trusts on the London stock market should work at persuading retail investors that they have viable plans to increase value for shareholders if they want to defend against activist shareholders moving in to seize control, lawyers say.

  • January 20, 2025

    BoE Backs Gov't Call For Growth-Friendly Regulation

    The Bank of England's regulatory arm told the government in a letter published on Monday that it will support economic growth by simplifying some rules for banks and insurers.

  • January 20, 2025

    Drinks-Maker Britvic Leaves LSE After £3.3B Takeover

    British drinks manufacturer Britvic said Monday that the financial regulator has canceled its listing on the London Stock Exchange at its request after its £3.3 billion ($4.1 billion) takeover by Danish brewer Carlsberg was completed.

  • January 20, 2025

    Gaming Biz XL Media To Return £16M To Shareholders

    XL Media Group PLC said Monday that it will begin a share buyback program worth up to £16 million ($20 million) as the sports and gaming digital media firm moves toward liquidation in a repurchase scheme guided by Ashurst LLP and Carey Olsen LLP.

  • January 20, 2025

    Hydrogen Fuel Cell Biz To Quit London Junior Market

    Troubled hydrogen fuel cell maker Proton said Monday that it will seek shareholders' approval to quit the London Stock Exchange because of the "considerable cost" of maintaining a listing on the junior Alternative Investment Market.

  • January 27, 2025

    White & Case Hires Tech Deal Pro From Travers Smith

    White & Case said on Monday that it has hired a senior expert in intellectual property and technology transactions from Travers Smith, marking the loss of another partner for the London law firm.

  • January 20, 2025

    Drill Engineer Enteq Puts Itself Up For Sale As Cash Runs Out

    Enteq said on Monday it has launched a formal sale process as the engineering company risks running out of cash because of the rising costs connected to the development of its new drilling technology.

  • January 17, 2025

    Arnold & Porter Guides Touchlight In Ceva Animal Health Deal

    The biotech company behind a novel DNA manufacturing technology has signed a deal with a healthcare business to develop jabs for animals in a transaction steered by Arnold & Porter Kaye Scholer LLP.  

  • January 17, 2025

    UK Litigation Roundup: Here's What You Missed In London

    This past week in London has seen the family of the late chairman of Leicester City FC sue a helicopter manufacturer for £2.15 billion ($2.63 billion), Vivienne Westwood bring a copyright claim against the late designer's foundation and blockchain giant Tether file a new claim in its ongoing dispute with crypto trading firm Swan Bitcoin. Here, Law360 looks at these and other new claims in the U.K.

  • January 17, 2025

    FCA Vows Regulatory Review As Gov't Pushes Growth Agenda

    The Financial Conduct Authority said Friday it will strip back reporting requirements and overlapping regulation in a bid to reduce the burden on firms, after the government urged U.K. regulators to come up with ideas on how to boost economic growth.

  • January 24, 2025

    Simmons Taps DLA For New Antitrust Chief, MoFo For RE Pro

    Simmons & Simmons LLP has hired DLA Piper's U.K. competition chief and an expert in international real estate transactions from Morrison Foerster LLP to boost its legal services in its London office.

  • January 17, 2025

    B&Q Owner Begins Final Tranche Of £300M Buyback

    International home improvement company Kingfisher PLC said Friday that it will return up to £75 million ($91.4 million) to its shareholders in the fifth and final tranche of its ongoing share buyback program.

  • January 17, 2025

    Travel Retailer Avolta To Launch $220M Share Buyback

    Swiss travel retailer Avolta AG said Friday it will roll out a share repurchase program worth up to 200 million Swiss francs ($220 million) in a move to reduce its outstanding share capital and reward investors.

  • January 17, 2025

    KKR Takes Stake In Dubai Data Hub To Drive $5B Investment

    Private equity heavyweight KKR & Co. Inc. plans to buy a stake in Dubai's Gulf Data Hub amid growing worldwide demand for platforms to support cloud connectivity and artificial intelligence, the companies said in a joint statement on Friday.

  • January 17, 2025

    Game-Maker Winking Studios To Buy Rival For Up To $20M

    Singapore-based Winking Studios said Friday that it has agreed to acquire Mineloader, a rival video game developer, for up to 146 million renminbi ($19.9 million) as the studio seeks to broaden its global presence in a growing market.

  • January 16, 2025

    UK CMA Settles Sports Betting Company Divestiture

    Spreadex has appealed an order from the U.K.'s competition enforcer commanding it to sell off a sports betting company that it acquired in 2023, but in the meantime, it is taking all the necessary steps to comply with the agency's order.

  • January 16, 2025

    McDermott Adds Restructuring Pro In London

    McDermott Will & Emery LLP has hired an experienced corporate finance, restructuring and insolvency specialist to its London team, as the firm deepens its bench strength amid another year forecast to be challenging for business.

  • January 16, 2025

    Ardian Lands $30B For Historic Secondaries Investment Fund

    Private equity shop Ardian has clinched its ninth secondaries fund after amassing $30 billion of investor commitments, making it the largest ever secondaries fund to close globally to date, according to a Thursday statement.

  • January 16, 2025

    Carr's Group To Sell Nuclear Engineering Unit For £75M

    Agricultural and engineering business Carr's Group PLC said Thursday that it has agreed to sell its nuclear engineering division to Cadre Holdings Inc. for £75 million ($91.5 million) to simplify the group structure and focus on its agricultural business.

  • January 16, 2025

    Medical Supplier Deltex To Delist From AIM To Cut Costs

    Deltex Medical Group PLC said Thursday it plans to quit the London Stock Exchange's AIM junior market for growth companies, citing costs and an "onerous" regulatory environment linked to being listed on the platform.

  • January 16, 2025

    Petershill Partners Cuts Stake In General Catalyst For $726M

    Investment firm Petershill Partners PLC said Thursday that it has sold most of its stake in General Catalyst for $726 million, seven years after putting its money into the global investor.

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