Transactions UK

  • June 20, 2024

    A&O Shearman-Led Bridgepoint Makes £626M Offer For Rival

    Alpha Financial Markets Consulting Ltd. said Thursday that a company controlled by asset fund manager Bridgepoint Advisers is weighing a £578 million ($734 million) takeover and that it would recommend that to shareholders if it makes a formal bid.

  • June 20, 2024

    Sainsbury's To Pay NatWest £125M To Exit Bank Unit

    Sainsbury's will pay NatWest approximately £125 million ($159 million) to take on most of the personal banking assets of the U.K. retail giant, the companies said Thursday, as grocers look to exit the consumer banking market.

  • June 19, 2024

    Trade Body Sets Up Committee For M&A Insurance Market

    A trade body for underwriters said Wednesday that it has launched a committee on specialist insurance to cover risk associated with mergers and acquisitions, amid a surge in such policies being written from London.

  • June 19, 2024

    GE Aerospace To Quit 3 European Stock Exchanges

    General Electric Co. said Wednesday that it plans to end its listing on the London, Paris and Zurich stock exchanges following an internal review after it launched after it became a standalone company.

  • June 19, 2024

    Investors Sell £43M Worth Of Helios Telecoms Shares

    Helios Towers PLC said Wednesday that two stakeholders, private equity firm Newlight Partners LP and investment trust RIT Capital Partners PLC, have sold a total of £43.2 million ($55 million) of stock in the telecommunications company, which operates in Africa and the Middle East.

  • June 19, 2024

    DLA Piper, Florent Steer €30M Capital Raise For Pipeline Biz

    Investor HydrogenOne Capital Growth PLC said on Wednesday that hydrogen pipeline maker Strohm Holding BV, has raised €30 million ($32 million) in new funds, in a deal advised by DLA Piper and Dutch law firm Florent.

  • June 19, 2024

    Vodafone Sells 18% Stake In Indian Cell Tower Biz For $1.8B

    Vodafone Group PLC said on Wednesday that it has sold an 18% stake in Indus Towers Ltd. of India for 153 billion rupees ($1.83 billion) as the U.K. telecommunications giant looks to finance its debt repayments.

  • June 19, 2024

    Swiss Watchdog Ends UBS-Credit Suisse Merger Controls

    Switzerland's financial watchdog said Wednesday that it has cleared the takeover by UBS of stricken rival Credit Suisse AG after finding that the rescue deal would not harm competition in any domestic market.

  • June 19, 2024

    Fieldfisher Steers £165M Mineral Biz Pension Deal

    Insurance giant Aviva said on Wednesday that it has completed a full retirement savings plan buy-in worth £165 million ($210 million) sponsored by mineral miner and processor Sibelco UK Ltd., in a deal guided by Fieldfisher LLP.

  • June 19, 2024

    Zurich Buys 70% Stake In Indian Insurer For $670M

    Swiss insurance giant Zurich said Wednesday that it has bought a 70% stake in Kotak Mahindra General Insurance for $488 million, the largest foreign investment in India's general insurance market since 2021.

  • June 18, 2024

    Microsoft Says Starbucks Ruling Hurts FTC's Activision Case

    Microsoft told the Ninth Circuit on Monday that the U.S. Supreme Court's recent ruling requiring labor regulators to meet a four-factor test in order to win a preliminary injunction undercuts the Federal Trade Commission's bid to halt the company's $68.7 billion acquisition of Activision Blizzard Inc.

  • June 18, 2024

    Ex-Yukos Oil Investors Auction Russian Vodka TMs For €1.6M

    The former shareholders of Yukos Oil Co. said Monday they have auctioned the Benelux rights to trademarks for 18 Russian vodka brands, including Stolichnaya and Moskovskaya, as they continue their effort to enforce $50 billion in arbitral awards against Russia.

  • June 18, 2024

    Regulator Reminds Merging Firms To Put Clients First

    The regulator for solicitors in England and Wales on Tuesday issued a new warning notice, reminding law firms that their clients' interests must be the top priority during legal industry mergers and acquisitions.

  • June 18, 2024

    Hargreaves Lansdown Backs £5.4B CVC, Abu Dhabi Bid

    The board of Hargreaves Lansdown PLC said Tuesday that it would be willing to recommend to its shareholders a sweetened £5.4 billion ($6.9 billion) takeover offer from a consortium of private equity companies, including CVC and the sovereign wealth fund of Abu Dhabi.

  • June 18, 2024

    Frasers Group To Buy Back Up To £80M Worth Of Shares

    Frasers Group PLC on Tuesday commenced a share repurchase program worth up to £80 million ($101 million), a move expected to lower the size of the retail giant's outstanding share capital.

  • June 18, 2024

    STG Partners' Bid For Gresham Wins Regulatory Approvals

    Gresham Technologies PLC said Tuesday that an attempt by U.S. private equity firm STG Partners LLC to buy the U.K.-based software business for £146.7 million ($186 million) has received a boost by gaining regulatory clearances.

  • June 18, 2024

    Burges Salmon Leads London Flotation Of US Meditech Biz

    AOTI Inc. said on Tuesday that it has raised £35.1 million ($45 million) on its debut on the London stock market, which the U.S. medical technology group will use to expand the company and pay back debt.

  • June 18, 2024

    US Power-Supply Toolmaker Pulls £571M Bid For Rival

    Advanced Energy Industries Inc. said on Tuesday that it will not make a £571 million ($724 million) offer for XP Power Ltd. of Singapore, after its rival power supplies maker rejected its approach.

  • June 17, 2024

    Judge Axes Ex-Stobart CEO's Conspiracy Claim

    Allowing Stobart Group's former chief executive to reargue that he was the victim of a conspiracy to remove him as chair would be "an abuse of process," a London court ruled Monday as it struck out his claim against the company and five of its directors.

  • June 17, 2024

    Hygiene Products Biz Essity Announces $285M Buyback

    Hygiene and health products maker Essity kicked off a scheme to repurchase its class B shares worth up to 3 billion Swedish kroner ($285 million) on Monday in a move expected to lower its outstanding share capital.

  • June 17, 2024

    Investment Co. Infortar To Make €388M Offer For Shipper

    AS Infortar said Monday it will bid €388 million ($415.8 million) to buy out AS Tallink, a Baltic Sea shipper, as the Estonian private investor looks to increase its stake in the company despite the northern European country's troubled economy.

  • June 17, 2024

    Smoke Alarm Co. Gains Control Of UK Rival In £28M Deal

    FireAngel said Monday that a Singapore-based home security company owned by alarm sensor specialist Siterwell Electronics Co. Ltd. has received the required shareholder backing from FireAngel shareholders for the acquisition of the U.K. maker of smoke and carbon monoxide detectors.

  • June 17, 2024

    White & Case-Led Ukraine Seeks Debt Relief By Aug. Deadline

    The Ukraine government, advised by White & Case LLP, appealed on Monday to bondholders to help restructure its $19.5 billion of eurobond debt before a payments freeze it agreed with international creditors expires on Aug. 1.

  • June 17, 2024

    Hikma Pharma To Buy Rival's Injectable Biz For $135M

    Hikma said on Monday it has agreed to buy units of Xellia, a Danish provider of anti-infective treatments and critical care therapies, for up to $185 million, as the U.K. pharmaceutical giant eyes growing its range of injectable drugs.

  • June 17, 2024

    Finnish Insurer Sampo Makes $4.7B Offer For Topdanmark

    Finnish insurance group Sampo PLC said Monday that it will buy the remaining shares in Topdanmark that it does not own in a deal that values the Danish insurer at $4.7 billion.

Expert Analysis

  • Proposed Foreign Subsidy Regulation Has Political Overtones

    Author Photo

    The European Commission's proposed Foreign Subsidies Regulation aims to prevent subsidies that have a distortive effect on competition from being granted to foreign companies, but in directing it against governments that use companies to extend their influence in the EU, the implications are clearly political, say Lena Sandberg and Yannis Ioannidis at Gibson Dunn.

  • Early Trends In UK National Security Reviews Of Transactions

    Author Photo

    The U.K.'s move to block an intellectual property deal between Beijing Infinite Vision Technology and the University of Manchester — the first such prohibition under the recently implemented National Security and Investment Act — is part of a growing body of published decisions that provides useful lessons on achieving prompt security clearance, say attorneys at Arnold & Porter.

  • Guidance Notes Offer Insight On UK National Security Regime

    Author Photo

    The U.K. government recently published long-awaited market guidance notes that add a greater level of transparency regarding the national security and investment regime, providing welcome guidance to businesses and their legal advisers on submitting transaction notifications, say attorneys at Cooley.

  • Ruling On EU Commission Merger Reviews Signifies U-Turn

    Author Photo

    In validating the European Commission's new policy of using Merger Regulation Article 22 to review cases that do not qualify under the merger control rules of the requesting member state, the General Court has demonstrated that the EU is prepared to move the goal posts on well-established commission policy, say attorneys at King & Spalding.

  • Where New UK And EU Vertical Agreements Rules Diverge

    Author Photo

    The lack of alignment between new EU and U.K. rules on vertical agreements is likely to present challenges to multinational businesses, and it would be prudent for legal advisers and companies to bear in mind the most stringent obligations of both, says Robert Bell at Armstrong Teasdale.

  • A Look Ahead At What The German M&A Market Holds In Store

    Author Photo

    Despite signs of a possible recession, there is still significant M&A activity in the German market, with long-term strategic planning, private equity investors, multiparty involvement and even the state all playing an important role, says Michael Ulmer at Cleary.

  • Tips For Handling Audio Data In E-Discovery Post-Pandemic

    Author Photo

    The rise of remote meetings during the COVID-19 pandemic has boosted the volume and importance of audio data in e-discovery — so organizations in highly regulated industries must collect and process that data, and establish complex strategies to manage their audio records, says Jack Bullen at FTI Consulting.

  • Agreement Among Litigants Key To Using E-Discovery Tech

    Author Photo

    Parties are increasingly using e-discovery technologies to control costs, but as a New York federal court order in Actos Antitrust Litigation shows, a well-drafted, negotiated protocol allows them to address potential objections prior to use and helps protect against later claims of incomplete production, say attorneys at McGuireWoods.

  • 4 Ways M&A Deals Are Changing

    Author Photo

    There are signs that the market may be cooling, but recent trends in M&A transactions reflect more than just market strength and indicate that there has been a more general change in deal approach, say attorneys at DLA Piper.

  • Opinion

    Law School Admissions Shouldn't Hinge On Test Scores

    Author Photo

    The American Bar Association recently granted law schools some latitude on which tests it can consider in admissions decisions, but its continued emphasis on test scores harms student diversity and is an obstacle to holistic admissions strategies, says Aaron Taylor at AccessLex.

  • How Market Challenges Are Affecting Deal-Making Trends

    Author Photo

    As private equity investors adjust to a new period of volatility and uncertainty in the marketplace, various trends in deal making are emerging in order to bridge valuation gaps and address financing concerns, say Alvaro Membrillera and Anna Pollak at Paul Weiss.

  • What Digital Asset Decisions Mean For Future Disputes

    Author Photo

    Following a number of recent landmark decisions in the English courts, the law continues to develop in the sphere of digital assets, and several themes are emerging that will benefit both individuals and organizations, say Chris Recker at Duane Morris and Celso De Azevedo at The 36 Group.

  • A Look At UK's 1st Report On Security Regime For Deals

    Author Photo

    The U.K. government’s recent report on the National Security and Investment Act, covering its first three months since it came into force in January, suggests that the regime may not be leading to a surge in benign notifications and that the government is responding quickly, which is good news for businesses, say attorneys at Cooley.

  • What EU Changes To Dual Distribution Mean For Franchises

    Author Photo

    Following the European Commission’s adoption of the Vertical Block Exemption Regulation and accompanying vertical guidelines regarding dual distribution, which took effect this month, franchisors should examine their flow of information to and from franchisees to determine whether it must be restricted, say attorneys at Baker McKenzie.

  • How ESG Matters Are Influencing M&A Due Diligence Trends

    Author Photo

    With a proliferation of environmental, social and governance-related regulatory developments and a desire to comply with best practice, ESG matters have become an increasingly important area of focus for both clients and advisers in M&A transactions, say attorneys at Sullivan & Cromwell.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Can't find the article you're looking for? Click here to search the Transactions UK archive.
Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!