Transactions UK

  • May 08, 2024

    Publisher Informa Ups Share Buyback Plan To £500M

    Publishing and exhibitions specialist Informa said Wednesday that it has decided to increase its share buyback plan for 2024 by nearly 50% to approximately £500 million ($624 million) because of strong financial performance and "continuing cash flow."

  • May 08, 2024

    Insurer Claims 400 Pension Deals Penned In 12 Years

    Insurer Just Group said Wednesday it has completed 400 pension transfer deals since it launched in 2012, adding that the year ahead is poised to break more records in the retirement savings de-risking market.

  • May 08, 2024

    Biopharm Biz Oxford Cannabinoid To Quit London Exchange

    Oxford Cannabinoid Technologies Holdings PLC said on Wednesday it has applied to cancel its London listing, citing "turbulent" U.K. public markets that it maintains has undervalued the company.

  • May 07, 2024

    Everton Investors Bemoan Soccer Team Sale Amid Fraud Suit

    The Everton FC Shareholders Association wants to slam the brakes on the "farce" sale of its Premier League soccer team to private equity firm 777 Partners LLC, arguing they are not qualified owners, a demand that comes as the firm faces allegations of fraud.

  • May 14, 2024

    Clifford Chance Hires Finance Pro From A&O Shearman

    Clifford Chance LLP said Tuesday that it has recruited a specialist in derivatives and structured finance from A&O Shearman, just a week after the new transatlantic giant's merger went live.

  • May 07, 2024

    BP To Return Another $1.75B To Shareholders

    BP PLC said Tuesday that it will now return $1.75 billion to its shareholders as part of a $3.5 billion buyback program it announced in February when it reported a $13.8 billion profit for 2023.

  • May 07, 2024

    Apax Unit Raises €23M From Parent's Sale Of Biz To KKR

    Investment company Apax Global Alpha said Tuesday that it has raised approximately €22.7 million ($24.4 million) from its parent company's sale of India-based medical devices maker Healthium MedTech Ltd. to investment giant KKR & Co. Inc.

  • May 07, 2024

    Self-Drive Car Co. Wayve Gets $1B In Softbank-Led AI Funding

    Self-driving car company Wayve said on Tuesday that it has raised $1.05 billion in a funding round, led by SoftBank Group Corp. of Japan, to speed up its development of vehicles driven by artificial intelligence.

  • May 07, 2024

    Orrick Advises Energy Trust On £91M Sale Of Green Biz

    Energy sector investor SEEIT said Monday it has sold its British onsite solar portfolio to UK Power Networks Services Holdings Ltd. for £90.8 million ($114 million) in a transaction guided by Orrick Herrington & Sutcliffe (UK) LLP.

  • May 07, 2024

    UK Bar Chain Gets 42 Purchase Offers Amid Talks With Rival

    Revolution Bars Group PLC said on Tuesday that it has now received more than 40 serious expressions of interest in buying either "assets or subsidiaries" and that 32 of the potential bidders have signed confidentiality agreements with the U.K. pub operator.

  • May 03, 2024

    FTC Requests Additional Info On $16.5B Novo-Catalent Deal

    The Federal Trade Commission is seeking additional information on Novo Holdings' planned $16.5 billion acquisition of pharmaceutical services company Catalent in order to examine whether the blockbuster deal passes antitrust muster, according to a Friday securities filing.

  • May 03, 2024

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

    The past week in London has seen rapper Ivorian Doll hit with a copyright claim, private members club Aspinalls file a claim against a Saudi sheikh, and Motorola Solutions file a claim against the British government on the heels of its dispute over losing a £400 million ($502 million) government contract. Here, Law360 looks at these and other new claims in the U.K.

  • May 03, 2024

    UK Cites Regulatory Fears Over Utility's £89M Water Biz Buy

    The competition watchdog said on Friday that the proposed purchase of Sumisho Osaka Gas Water UK Ltd. by rival Pennon Group in a deal worth approximately £89 million ($112 million) could hinder government regulation of water companies in Britain.

  • May 03, 2024

    Cosmetics Co. Warpaint Raises £31.5M In Upsized Placing

    Warpaint London PLC said Friday it has completed an expanded placing of 7 million shares, raising £31.5 million ($39.5 million), as the U.K.-based makeup supplier looks to fund continued expansion.

  • May 03, 2024

    Beauty Biz Puig Begins Trading In Spain After €2.6B IPO

    Charlotte Tilbury owner Puig Brands SA began trading in Spain on Friday after raising €2.61 billion ($2.8 billion) as part of Europe's largest initial public offering so far in 2024.

  • May 03, 2024

    Hiscox To Begin Second Tranche Of $150M Share Buyback

    Hiscox Ltd. said on Friday that it has launched the second portion of a $150 million share buyback program as it aims to return excess cash to its investors after the global insurer reported record profits for 2023.

  • May 03, 2024

    Reed Smith Steers £136M Pension Deal For Savings Plan

    Insurer Just Group has taken on £136.3 million ($171.2 million) in liabilities from a retirement savings plan, advisers said, in a transaction steered by Reed Smith LLP. 

  • May 03, 2024

    Trainline Announces £75M Share Buyback As Profit Soars

    Trainline PLC said on Friday that it will reward investors with a new share repurchase program of up to £75 million ($94 million), as it reported bumper earnings.

  • May 03, 2024

    US Investors Make $835M Offer For Swedish Legal Info Biz

    The board of Swedish professional information services provider Karnov Group said Friday that it is backing a 9.06 billion Swedish kronor ($835 million) takeover offer from U.S. investment firms Greenoaks Capital Partners LLC and Long Path Partners LP.

  • May 02, 2024

    Whistleblower Claims Would 'Destroy' Autonomy, GC Was Told

    Autonomy's former U.S. general counsel testified Thursday in the criminal fraud trial of former CEO Michael Lynch that the company's chief operating officer didn't want a whistleblower's claims to get into court, telling him that while the "law" was on their side, "the facts look bad" and would "destroy Autonomy."

  • May 02, 2024

    House Seeks FTC Info On Scuttled Amazon-IRobot Deal

    The Republican-controlled House Committee on Oversight and Accountability is launching an investigation into the Federal Trade Commission's purported efforts to block Amazon's purchase of iRobot, according to a Wednesday letter from Rep. James Comer, R-Ky.

  • May 02, 2024

    Insurers Don't Have To Cover Deal Soured Over Bribery Woes

    A London appeals court on Thursday rejected a holding company's bid to overturn a ruling that found its insurers were not liable for losses it suffered when its acquisition of a construction contractor went south after bribery and corruption allegations.

  • May 02, 2024

    Deals Rumor Mill: Coca-Cola, General Mills, MLB's Giants

    Coca-Cola is preparing an IPO for its African bottling division, cereals giant General Mills is exploring selling its North America yogurt business, and a 5% stake in the San Francisco Giants is up for sale at a price that could value the club at $4 billion. Here, Law360 breaks down these and other notable deal rumors from the past week.

  • May 02, 2024

    Freshfields-Led Novartis Inks $1.75B Cancer Drug Co. Buyout

    Novartis AG said Thursday it has agreed to buy U.S. radiopharmaceutical company Mariana Oncology in a transaction worth up to $1.75 billion, as the Swiss pharmaceutical giant moves to bolster its precision nuclear medicine portfolio.

  • May 02, 2024

    Shell To Buy Back $3.5B Worth Of Shares

    Shell PLC said Thursday it will reward its shareholders with $3.5 billion in share buybacks over the next three months, as the energy giant reported a rise in profits to $7.7 billion for the first quarter of the year.

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