Transactions UK

  • October 04, 2024

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

    This past week in London has seen GMB Union sued by the makers of Tetley Tea after a staff walkout in September, boxer Mike Tyson hit with legal action from a marketing company and the Met Police face a misuse of private data claim from a woman who had a relationship with an undercover police officer. Here, Law360 looks at these and other new claims in the U.K.

  • October 04, 2024

    Experian To Acquire Brazil's ClearSale For $350M

    Credit ratings agency Experian PLC said Friday that it has agreed to acquire Brazil-based digital fraud prevention company ClearSale SA for 1.90 billion Brazilian real ($350 million) to complement its existing identity and fraud business in the South American country.

  • October 04, 2024

    Freight Biz Raises $5.5B For €14.3B Freshfields-Guided Deal

    Danish freight giant DVS said Friday it has raised 37.3 billion Danish kroner ($5.5 billion) by issuing shares to investors, funds it plans to use to partly finance its acquisition of German logistics business Schenker.

  • October 11, 2024

    Dechert Hires Fund Finance Pro From DLA Piper

    Dechert LLP has recruited a fund finance specialist as a partner from DLA Piper to boost its offerings for asset management firms, financial institutions and alternative lenders.

  • October 04, 2024

    Thyssenkrupp, Tata Lose Fight Against EU Joint Venture Veto

    Europe's highest court ruled Friday that the European Commission was right to block plans by Thyssenkrupp and Tata Steel to jointly acquire a steel products venture under the antitrust rules of the bloc.

  • October 04, 2024

    IBM Plans To Quit London Market To Focus On NY Listing

    Technology giant IBM said on Friday that it intends to exit the London Stock Exchange, to concentrate its trading in the U.S. and streamline its administration.

  • October 04, 2024

    Frasers Group Ups Mulberry Stake After Rejected £83M Bid

    Frasers Group said Friday that it has bought £4 million ($5.2 million) worth of additional shares in Mulberry PLC, after the British luxury brand rejected an £83 million proposed takeover bid earlier in the week.

  • October 03, 2024

    Joyvio's British Salmon Fraud Claim Moved To Chile

    A London court ruled Thursday that a dispute between Chinese food giant Joyvio Group and the former owner of one of its salmon-farming businesses in England over the alleged artificial inflation of the value of the company should be heard in Chile.

  • October 03, 2024

    CMA Probes £9M Buy Of Troubled Rival's Assets By Tiles Biz

    Britain's antitrust regulator said on Thursday that it is investigating the £9 million ($12 million) acquisition by tiling retail chain Topps Tiles of some assets belonging to a troubled rival, which went into administration in August.

  • October 03, 2024

    Squire Patton Boggs Guides €34M Buy Of Irish Tool Rental Biz

    Industrial equipment rental VP said Thursday that it has acquired a majority interest in its peer company Charleville Hire and Platform Ltd. for up to €33.8 million ($37.3 million) in a deal guided by Squire Patton Boggs LLP.

  • October 03, 2024

    Construction Giant Galliford Begins £10M Share Buyback

    Galliford Try Holdings PLC on Thursday rolled out a "modest" share repurchase program of up to £10 million ($13 million) aimed at lowering its share capital and rewarding investors, as the construction giant reported bumper profits.

  • October 03, 2024

    Tate & Lyle Drops Need For Shareholders' Nod For $1.8B Deal

    Food and drink giant Tate & Lyle PLC said Thursday the U.K.'s new listing rules mean its shareholders no longer need to approve its proposed $1.8 billion buyout of the U.S.-based natural ingredient company CP Kelco.

  • October 03, 2024

    Herbert Smith-Led WTW Buys Stake In Wealth Manager

    Insurance group Willis Towers Watson PLC said Thursday that it has acquired a minority stake in U.K. wealth manager Atomos, following an alliance between the companies since 2022.

  • October 03, 2024

    HSF-Led British Land Raises £300M With Placing, Retail Offer

    Property investor British Land said on Thursday that it has raised £301 million ($395 million) with the sale of new shares in the company to finance the acquisition of a portfolio of retail parks.

  • October 02, 2024

    Paul Weiss-Led Altor Nabs Majority Stake In CCM Hockey

    Paul Weiss Rifkind Wharton & Garrison LLP-led Altor Equity Partners on Wednesday announced that its Altor Fund VI has nabbed a "significant majority" stake in hockey stick maker CCM Hockey.

  • October 02, 2024

    Hogan Lovells Leads Royal London's 1st £30M Pension Deal

    The Royal London Mutual Insurance Society Ltd. completed its first full scheme buy-in with the £30 million ($39.8 million) acquisition of The Retreat York Pension Scheme in a deal guided by Hogan Lovells and Wrigleys Solicitors, its adviser K3 Advisory said Wednesday.

  • October 02, 2024

    Gibson Dunn-Led Electrical Retailer To Buy UK Rival For £10M

    AO World PLC said Wednesday that its subsidiary has agreed to buy musicMagpie, a second-hand technology deal platform, for £10 million ($13.3 million), as the U.K. online electrical retailer looks to expand into the growing refurbished device sector.

  • October 02, 2024

    UK Property Developer One Heritage Weighs LSE Exit

    One Heritage Group PLC said Wednesday it is considering leaving its London Stock Exchange listing and joining a rival U.K. exchange, as the troubled property developer responds to a difficult trading environment.

  • October 02, 2024

    French Tech Firm Sopra Steria Begins €150M Buyback

    Sopra Steria on Wednesday kicked off a €150 million ($166 million) share repurchase program, a move expected to lower the French firm's share capital.

  • October 02, 2024

    Darktrace Leaves London After $5B Bid By US Co. Completes

    British cybersecurity company Darktrace PLC said on Wednesday that its shares are no longer trading on the London Stock Exchange after the scheme of arrangement for its takeover by U.S. private equity firm Thoma Bravo for approximately $5.3 billion was completed.

  • October 02, 2024

    Insurer Saga In Talks With Ageas On Partnership

    Travel and insurance company Saga PLC confirmed on Wednesday that it is in talks with Ageas, a Belgian-French insurer, over a potential partnership for its insurance business.

  • October 02, 2024

    Reed Smith Steers £140M Pension Deal For Insurance Biz

    Aviva PLC has covered £140 million ($186 million) of pension liabilities for insurance group Thomas Miller & Co. Ltd. to secure the benefits of all members of the retirement savings plan, the companies said Wednesday.

  • October 02, 2024

    Investors Get Another Extension For £253M Payments Co. Bid

    Britain's mergers and acquisitions authority has again given a group of investment companies more time to make a firm offer of £253 million ($336 million) for Equals Group, the payments technology company said on Wednesday.

  • October 01, 2024

    Willis Towers Watson Inks $632M Sale Of Tranzact To PE Firms

    Insurance company Willis Towers Watson Plc, advised by Weil Gotshal & Manges LLP, on Tuesday announced that it is divesting its direct-to-consumer insurance distribution business Tranzact and selling it to Kirkland & Ellis LLP-advised private equity firm GTCR and Willkie Farr & Gallagher LLP-led technology services investment platform Recognize for $632.4 million.

  • October 01, 2024

    Monthly Merger Review Snapshot

    European enforcers saw a key merger policy cut down by the bloc's high court, while Kroger and Albertsons defended their planned $24.6 billion grocery store mega-merger from challenges in multiple venues, and the Federal Trade Commission pushed a bid to block a merger between the owners of Coach and Michael Kors.

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