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February 21, 2025
FRC Urged Not To 'Weaken' UK Stewardship Investor Code
The Financial Reporting Council's proposal to remove references to "environment and society" in its standardized definition of stewardship for investors risks weakening the code and the outcomes it seeks to achieve, a financial services consultancy has said.
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February 21, 2025
Solar Panel Co. To Sell Battery Assets To Swiss Life
Norwegian renewable energy installer Otovo ASA said Friday it has agreed to sell its solar and battery subscription assets across eight European countries to a company involved in an investment scheme managed by Swiss Life Asset Managers for 1.2 billion Norwegian krone ($108 million).
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February 21, 2025
RPC-Led Bishop Street Completes Buyout Of UK Underwriter
Bishop Street Underwriters has completed its acquisition of London-based Landmark Underwriting, as the private equity-backed U.S. insurer moves to grow its global presence.
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February 21, 2025
Plane Parts Biz Loar To Buy Fan Maker LMB For €365M
U.S. aerospace component maker Loar Holdings Inc. said it has agreed to acquire LMB, a French manufacturer of fans and motors for the sector, for €365 million ($382 million) in cash to bolster its proprietary portfolio.
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February 21, 2025
HSF Steers Primark Owner On 2nd Phase Of £500M Buyback
Associated British Foods PLC began a share repurchase program on Friday worth up to £250 million (£316 million), the second part of the Primark owner's wider £500 million buyback aimed at lowering its share capital.
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February 21, 2025
CMS-Led Car Dealership Tech Biz Raises £36M For AI Co.
Car dealership software business Pinewood said Friday it has raised £35.7 million ($45.1 million) through an "oversubscribed" sale of shares for its planned purchase of Seez, an automotive artificial intelligence technology company based in Dubai.
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February 20, 2025
No Deal In Sight For DOJ's Case Against Amex GBT Merger
The Justice Department and American Express Global Business Travel appear unlikely to settle a government challenge to the planned $570 million purchase of CWT, according to a New York federal court filing that came just a day after the transaction got a boost from U.K. authorities.
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February 20, 2025
Musk's X Seeks Cash At $44B Valuation, Plus More Rumors
Elon Musk is seeking to raise money for his social media platform X at a $44 billion valuation — the same price he paid to buy the site in 2022 — while BP is considering selling its Castrol lubricants unit for $10 billion and KKR could inject $5 billion into ailing British utility Thames Water. Here, Law360 breaks down the notable deal rumors from the past week.
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February 27, 2025
Baker Botts Hires White & Case's Ex-Project Finance Chief
Baker Botts LLP has hired a new global projects partner to its London office from White & Case LLP, with the new arrival also set to co-chair its project finance group.
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February 20, 2025
Justices Hand Creditors Boost In Hunt For Fraudulent Assets
Britain's top court has broadened the ability of judges to claw back assets on behalf of defrauded creditors in a decision that lawyers say may also catch benign commercial arrangements.
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February 20, 2025
Communications Firm Gamma Completes €196M Acquisition
Gamma said Thursday it has completed the acquisition of 100% of the equity of SF Technologies Holding GmbH, a German communications and software company known as Starface, for €196 million ($205 million).
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February 20, 2025
Fintech Co. Valereum Agrees £19M Capital-Raise With PE Firm
Financial technology group Valereum PLC said Thursday that it has agreed to sell a 48.86% stake in its operations to Australian private investor DMC Markets for £19 million ($24 million) to help finance growth in its own online asset business.
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February 20, 2025
Tavistock Investments Completes £18M Asset Manager Buy
Tavistock Investments PLC said Thursday that it has wrapped up its acquisition of asset manager Alpha Beta Partners in a deal worth up to £18 million ($23 million) as the financial service business looks to expand into Britain's retail investment market.
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February 20, 2025
Lloyds Sets Aside £700M For Motor Finance Probe Costs
Lloyds said Thursday that it has set aside an additional £700 million ($880 million) to cover potential costs arising from a Financial Conduct Authority investigation into "secret" agreements on motor finance commissions and a related appeal at the top U.K. court.
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February 20, 2025
Diversified Energy To Raise $123M Through Public Offering
Diversified Energy Company PLC said on Thursday that it plans to raise approximately $123.3 million by selling its shares to investors to help pay for the planned acquisition by its U.S. subsidiary of oil and gas company Maverick.
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February 19, 2025
Marsh McLennan Unit Buys Global Asset Management Firm
Insurance giant Marsh McLennan has acquired institutional investment adviser Secor Asset Management, as it aims to further bolster its consulting business.
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February 19, 2025
HSBC Launches $2B Share Buyback As Profits Rise
HSBC Holdings PLC said Tuesday it will return up to $2 billion in cash to shareholders after the banking giant reported a rise in pre-tax profits for the final three months of 2024, despite an uncertain global economic outlook.
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February 19, 2025
Biopharma Biz Medincell Raises €43M In Global Offering
Medincell SA, a pharmaceutical technology business, said Wednesday it has raised €42.9 million ($45 million) through issuing shares to investors, as it looks to expand its technology and strengthen its balance sheet.
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February 19, 2025
Mining Giant Glencore Weighs Quitting London Listing For US
Glencore PLC said Wednesday it could move its underperforming listing on the London Stock Exchange to the U.S., as the Anglo-Swiss mining and commodities heavyweight added that it plans to buy back discounted shares worth $1 billion.
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February 19, 2025
Water Biz Aims To Raise £900M After Price Hike Request Nixed
Southern Water Services PLC said Wednesday that it aims to raise £900 million ($1.13 billion) of fresh equity from investors, after the water industry regulator rejected its request to hike prices for consumers.
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February 19, 2025
Fintech Biz Plus500 Launches $110M Share Buyback Program
Trading platforms operator Plus500 has launched a fresh share repurchase program valued at up to $110 million, a move the company said reflects its "robust financial position" as it reported higher revenue.
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February 19, 2025
Malaysian Businessman Loses Fight Over €36M Shares
A Malaysian businessman lost his fight on Wednesday to persuade Britain's highest court to prevent a creditor from bringing a €36 million ($38 million) claim against him, as the justices ruled that the litigation did not duplicate an earlier declaratory action.
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February 18, 2025
Miner MMG To Buy Anglo American Unit For Up To $500M
China-backed miner MMG Ltd. said Tuesday it has agreed to buy Anglo American PLC's nickel business for up to $500 million, as the British multinational mining giant eyes a more streamlined business.
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February 18, 2025
UK Probes French Aerospace Group's Planned $1.8B Takeover
The Competition and Markets Authority said Tuesday that it has launched an investigation into the proposed acquisition by French aerospace group Safran SA of Collins Aerospace's flight-control business for $1.8 billion.
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February 18, 2025
Swedish Medical Co. Seals Takeover Of UK Ultrasound Biz
Surgical Science, a Swedish medical simulation company, said Tuesday it has completed its £45.2 million ($57 million) acquisition of Intelligent Ultrasound Group PLC, in a deal advised by Fieldfisher LLP and Baker McKenzie LLP.