Transactions UK

  • April 23, 2024

    Energy Biz Kistos Completes £25M Buy Of EDF Unit

    Kistos Holdings PLC said on Tuesday that it has completed its £25 million ($31 million) purchase of EDF Energy (Gas Storage) Ltd. after winning the necessary clearance required under national security rules.

  • April 23, 2024

    Oil Biz 88 Energy To Raise $6.3M In Equity In UK, Australia

    Oil and gas explorer 88 Energy said Tuesday that it plans to raise approximately 9.8 million Australian dollars ($6.3 million) with a share placing in London and Australia to help pay for development of major projects.

  • April 23, 2024

    15 Pension Mega-Deals Forecast In Coming Months

    The U.K. pension deals market is set for another record year, with around 15 mega transactions worth up to £30 billion ($37 billion) expected to go ahead in the next few months, a retirement savings consultancy said Tuesday.

  • April 23, 2024

    KKR Pushes Smart Metering Investors To Accept £1.3B Bid

    Private equity giant KKR on Tuesday urged the shareholders of British energy infrastructure company Smart Metering who have not yet accepted its £1.3 billion ($1.6 billion) takeover offer to submit their shares by May 7.

  • April 23, 2024

    Freshfields-Led JD Sports Agrees To Buy US Rival For $1.1B

    JD Sports said on Tuesday that it has proposed to buy U.S. athletic fashion retailer Hibbet Inc. for approximately $1.08 billion as the U.K. sportswear store chain eyes expansion in the American southeast.

  • April 22, 2024

    Freshfields-Led CVC Unveils Range On $1.7B Amsterdam IPO

    European private equity giant CVC Capital Partners PLC, represented by Freshfields Bruckhaus Deringer LLP, on Monday set a price range on initial public offering estimated to raise about €1.6 billion ($1.7 billion), mostly benefiting selling shareholders.

  • April 22, 2024

    Med Tech Founder Denies Deceiving Investors For $20M Sale

    The co-founder of a medical technology business has denied concealing his financial interest in a $20 million deal to purchase shares in his company, claiming he was never told it was important to reveal the seller's identity to the investment company.

  • April 22, 2024

    Tesco Begins £1B Share Buyback Program

    Tesco PLC on Monday announced the rollout of the first chunk of its share repurchase program, worth up to £1 billion ($1.2 billion), as it seeks to cut the size of its outstanding share capital.

  • April 22, 2024

    Travers Smith Steers Doormaker's £788M Bid For UK Rival

    Quanex Building Products Corp. has offered to buy all the shares of door and windows company Tyman PLC for £788 million ($971 million), the companies said Monday, in a deal guided by Travers Smith LLP, Foley & Lardner LLP and Latham & Watkins LLP.

  • April 22, 2024

    Frenkel Topping Acquires North West Law For £2.75M

    Specialist advisory firm Frenkel Topping said Monday that it has acquired North West Law Services Ltd. for £2.75 million ($3.3 million) to expand its activities within the personal injury and clinical negligence advisory market.

  • April 29, 2024

    Clifford Chance Adds Private Capital Pro From Paul Hastings

    Clifford Chance LLP has recruited an investments expert to join its London office as a partner, as the firm looks to add "firepower" to its global financial markets team.

  • April 22, 2024

    Fund Administrator Eyes $21M Deal For JPMorgan Chase Biz

    Jersey-based fund administrator JTC PLC said Monday it has offered to buy a trust administration business owned by JP Morgan Chase Bank NA for $21 million, a move it believes will strengthen its presence in the U.S.

  • April 22, 2024

    TotalEnergies To Take Over Malaysian Gas Biz For $530M

    TotalEnergies SE said on Monday it has agreed to buy Sapura Upstream Assets Sdn Bhd's 50% interest in Malaysian gas producer and operator SapuraOMV Upstream Sdn for $530 million, a move by the French energy giant to boost its output.

  • April 22, 2024

    Kirkland-Led Blackstone Bids $1.2B For Music Biz Hipgnosis

    Private equity firm Blackstone has tabled an enhanced $1.2 billion bid for U.K. music royalties investment company Hipgnosis, countering an offer from U.S. royalties firm Concord Chorus.

  • April 19, 2024

    Taxation With Representation: Kirkland, Cleary, O'Melveny

    In this week's Taxation With Representation, Resideo Technologies Inc. announced plans to buy Snap One Holdings Corp., APi Group said it bought an elevator maintenance company, Prysmian said it agreed to purchase Encore Wire, and Sayari said it closed on an investment from TPG.

  • April 19, 2024

    Mondi Drops Pursuit Of DS Smith After Int'l Paper Deal

    British packaging company Mondi officially dropped out of its running battle with International Paper to buy DS Smith on Friday after the two latter companies struck a more than $7 billion deal to join forces earlier this week.

  • April 19, 2024

    Energy Investor Aquila To Return £17.5M To Shareholders

    Energy investment company Aquila Energy said Friday that it is planning to buy back £17.5 million ($21.7 million) worth of its shares at an approximately 65% premium to return excess capital to its shareholders.

  • April 19, 2024

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

    This past week in London has seen U.K. holiday resort chain Butlins target Aviva and a huddle of insurers, Meta and WhatsApp tackle a patents claim by telecommunications company Semitel, an ongoing construction dispute between Essex County Council and Balfour Beatty, and Formycon AG hit a pharmaceutical company for infringing medical products. Here, Law360 looks at these and other new claims in the U.K.

  • April 19, 2024

    Bank Of Cyprus Rolls Out €25M Share Buyback

    Bank of Cyprus Holdings PLC on Friday launched a share buyback program worth up to €25 million ($26.6 million) aimed at lowering its outstanding share capital.

  • April 19, 2024

    UK Real Estate Investor Sells 65 Properties For £16M

    Home REIT PLC said Friday it has sold a further 65 properties from its portfolio for £15.9 million ($19.8 million) as the troubled U.K. social housing real estate company looks to cut its debt.

  • April 19, 2024

    Shareholders Sell 7% Of Stock Of Fonix Mobile For £15M

    Mobile payments company Fonix Mobile said Friday that a group of its shareholders have successfully sold more than 6.6 million of its shares and raised proceeds of approximately £15 million ($19 million) to "satisfy strong institutional demand."

  • April 19, 2024

    Schneider Electric In Early Talks With US Software Biz

    French energy management giant Schneider Electric SE confirmed on Friday that it is in preliminary talks with U.S. infrastructure software group Bentley Systems Inc. over "a potential strategic transaction."

  • April 18, 2024

    Ex-Autonomy CEO Wanted Whistleblower Fired, Ex-GC Says

    Former Autonomy CEO Michael Lynch thought a finance department whistleblower was "trying to destroy the company" and wanted him fired, the software company's former U.S. general counsel testified Thursday in a criminal fraud trial over claims Lynch conned HP into buying the British company at an inflated price of $11.7 billion.

  • April 18, 2024

    EU Antitrust Chief Says Merger Tool Not A 'Power Grab'

    The European Commission's top competition enforcer said Thursday the agency has taken a measured approach to using its newly asserted power to review mergers that fall short of local thresholds, as the European trading bloc's high court mulls a challenge of that authority from DNA sequencing company Illumina.

  • April 18, 2024

    Coventry Building Society Makes £780M Offer For Co-Op Bank

    The Coventry Building Society is offering to buy the Co-operative Bank for £780 million ($970 million) in a move that comes after the two revealed in December that they were in exclusive talks to merge.

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