U.K. energy heavyweight Centrica PLC said Tuesday that it will buy 15% in a proposed nuclear power plant for £1.3 billion ($1.8 billion), as the government gave the green light to funding the project after 14 years of "dithering and delay."
U.K. energy heavyweight Centrica PLC said Tuesday that it will buy 15% in a proposed nuclear power plant for £1.3 billion ($1.8 billion), as the government gave the green light to funding the project after 14 years of "dithering and delay."
Compass Group PLC said Tuesday that it has agreed to acquire Dutch food and hospitality company Vermaat Groep BV for €1.5 billion ($1.75 billion) as the U.K.-based catering giant moves to boost its European operations.
French multinational drugmaker Sanofi said Tuesday that it has agreed to acquire British biotech company Vicebio for up to $1.6 billion from a group of venture capital investors, bringing an early-stage candidate for respiratory viruses to its vaccine portfolio.
Hewlett Packard Enterprise is owed more than £730 million ($985 million) from the estate of Mike Lynch and his former business partner, a London judge ruled on Tuesday, almost a year after the technology entrepreneur died when a yacht he was aboard sank in the Mediterranean Sea.
A former consultant to a U.K. golf retailer engaged in deceit, breach of trust and breach of fiduciary duty to reap over $2 million in secret commissions related to sales of golf equipment, a London court ruled Tuesday.
European Union antitrust enforcers kicked off an in-depth probe Tuesday into Universal Music Group's bid to buy Downtown Music Holdings, raising concerns that the $775 million transaction could give UMG access to the "commercially sensitive data of its rival record labels" held by Downtown.
British private equity firm Apax Partners LLP has agreed to acquire a company it collaborates with, Apax Global Alpha Ltd., for €916.5 million ($1.07 billion), as it eyes the investment company's roster of assets.
Anexo Group PLC said Tuesday it has agreed to a takeover offer from Dbay Advisors Ltd. and the company's founders, which values the U.K. motor accident credit hire and legal services business at £70.79 million ($95.4 million).
Pension insurer Just Group has taken on £4 million ($5.4 million) worth of retirement savings liabilities from a scheme linked to a Christian church, in a deal put together by pensions consultancy K3 Advisory and guided by law firm JMW Solicitors.
Sivota PLC said Tuesday that it will delist its shares from the London Stock Exchange four years after listing because the Israel-focused investment vehicle failed to raise sufficient funds from the public market due to low investor interest and the "geopolitical landscape."
Britain's antitrust authority said Tuesday that it is escalating its probe into the acquisition by global catering giant Aramark Group of Scottish rival Entier Ltd. over concerns that the deal could harm competition in U.K. markets.
As the European Union Artificial Intelligence Act becomes effective in stages, legal practitioners involved in private equity deals should consider the transactional risks resulting from this measure, including penalties, extraterritorial reach and target-firm applicability, say lawyers at Covington.
