Transactions UK

  • March 22, 2024

    JPMorgan Gets Early Trial On US Regs In Viva Wallet Dispute

    J.P. Morgan on Friday was granted an expedited London trial on some of the issues in its warring claims with the founder of a Greek payment company co-owned by the investment bank over the fintech business' value.

  • March 22, 2024

    Money Laundering Ringleader Jailed For £560K Bank Con

    A fraudster who set up sham carpet and furniture businesses as part of a money laundering scheme that lost banks £560,000 ($705,000) has been jailed for six years and four months, the U.K.'s Insolvency Service said Friday.

  • March 22, 2024

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

    This past week in London has seen the BBC and Wall to Wall Media hit with a passing off lawsuit by musician BOSSIIE, Poundland parent company Pepco Group file a commercial fraud claim against several mobile network giants, family law specialists Alexiou Fisher Philipps LLP start proceedings against former oil trader Michael Prest, and a transgender lawyer file a libel claim against a blogger. Here, Law360 looks at these and other new claims in the U.K.

  • March 22, 2024

    Galderma Starts Trading In Switzerland After Pricing IPO

    Private equity-backed Swiss skincare company Galderma Group AG began trading publicly Friday after pricing its $2.4 billion initial public offering, marking the next stage of its growth trajectory.

  • March 22, 2024

    James Fisher To Sell Unit To Texas Co. For £90M

    Offshore oil and gas services company James Fisher said Friday it is selling one of its non-core businesses to U.S. drilling technology company ChampionX Corp. for £90 million ($113 million) to simplify its portfolio.

  • March 22, 2024

    Supermarket Landlord Snaps Up Tesco Store For £34.7M

    Supermarket Income REIT PLC said on Friday it has bought a Tesco store for £34.7 million ($44 million), after recently reporting a leap in its operating profits.

  • March 22, 2024

    Eversheds, Addleshaw Guide Tissue Cos. In £128M Deal

    Portuguese paper and pulp producer The Navigator and British tissue maker Accrol Group on Friday agreed on the terms of a deal led by Eversheds Sutherland and Addleshaw Goddard LLP under which Navigator will acquire Accrol for approximately £127.5 million ($161 million).

  • March 22, 2024

    KKR Becomes Controlling Shareholder In Smart Meter Co.

    KKR said Friday that it has "significant control" over a British energy infrastructure company after more than 60% of shareholders tendered their shares to the U.S. private equity giant under a £1.3 billion ($1.6 billion) takeover offer.

  • March 22, 2024

    UK Says £16.5B Vodafone-Three Deal May Hurt Consumers

    Britain's antitrust authority said Friday that plans by Vodafone and Three to merge their U.K. telecommunications networks to create a £16.5 billion ($20.8 billion) mobile operator could lead to higher prices for consumers.

  • March 21, 2024

    Avoid Major Extension Of Merger Reach, EU High Court Urged

    An important tool for extending European Union antitrust officials' merger scrutiny appears to be in jeopardy after a European Court of Justice advocate general effectively recommended Thursday that the bloc's high court restrict the ability to investigate transactions that don't normally trigger EU thresholds.

  • March 21, 2024

    Events Biz Ascential Eyes £400M Share Repurchase Program

    Ascential PLC said on Thursday it will launch share buyback programs worth up to a combined £400 million ($507 million), as part of an £850 million plan following the sale of its two subsidiaries.

  • March 21, 2024

    Software Biz Aptitude Rolls Out £20M Share Buyback Program

    Aptitude Software Group PLC on Thursday launched an up to £20 million ($25 million) share repurchase scheme aimed at lowering its outstanding share capital and rewarding shareholders.

  • March 21, 2024

    Activist Investor Rips 'Misguided' Strategy Of WisdomTree

    Activist investor ETFS Capital on Thursday urged shareholders of WisdomTree to withhold their votes from the asset management firm's board members at an upcoming shareholder meeting due to the company's "failed diversification strategy" and refusal to initiate a strategic review process.

  • March 28, 2024

    White & Case Hires 2nd Funds Pro From Ropes & Gray

    White & Case LLP has recruited a private funds lawyer from Ropes & Gray LLP — the second time it has hired a specialist as a partner from the London office of its U.S. rival in recent months.

  • March 21, 2024

    Car Parts Maker Plans £50M Buyback After 1 Year On LSE

    Automotive engineering company Dowlais Group said Thursday that it is planning to buy back up to £50 million ($63.5 million) of its shares over the next 12 months to distribute the excess cash it generated during the 2023 financial year.

  • March 21, 2024

    Ashurst, Dickson-Led Storage REIT, UKCM Sign £924M Deal

    Warehousing giant Tritax Big Box PLC and UK Commercial Property REIT Ltd. on Thursday agreed on the terms of an all-share deal under which Tritax will acquire all the shares of UKCM for £924 million ($1.18 billion).

  • March 21, 2024

    Nationwide Agrees To Buy Virgin Money For £2.9B In Cash

    Nationwide Building Society said Thursday that it will buy Virgin Money UK for £2.9 billion ($3.7 billion) in cash, in a deal backed by the boards of both companies.

  • March 20, 2024

    Jenner & Block-Led Lonza To Buy Roche's $1.2B US Facility

    Swiss healthcare company Lonza said on Wednesday that it has agreed to acquire one of the largest medicine manufacturing facilities in the world from biotech giant Roche for $1.2 billion to increase its manufacturing capacity.

  • March 20, 2024

    Investor Seeks To Toss €10M Case Over Share Deal Row

    An investment company urged a London court on Wednesday to throw out a €10.2 million ($11 million) claim by an asset management firm, arguing that it had not consented to the terms of the sale of shares in a luxury Greek resort.

  • March 20, 2024

    French Lab Testing Biz Announces €200M Share Buyback

    Bureau Veritas SA said on Wednesday it will launch a share repurchase program worth up to €200 million ($217 million) this year, as it detailed plans for growing its business and bolstering shareholder returns.

  • March 20, 2024

    Bank of Cyprus Eyes €137M Investor Return After ECB Nod

    The Bank of Cyprus Group said Wednesday it intends to boost shareholder returns to €137 million ($149 million) by launching a share buyback and ramping up dividends, after receiving the green light for both payouts from the regional banking watchdog.

  • March 20, 2024

    Swiss Watchdog To Inspect UBS Closely For Merger Impact

    The Swiss financial markets regulator said Wednesday it plans 40 on-site supervisory reviews at UBS AG in Switzerland and abroad and two in-depth stress tests in 2024 to assess the result of the bank's merger with Credit Suisse last year.

  • March 20, 2024

    Kirkland-Led PE Firm To Buy $700M Medical Component Biz

    Chemicals and technology company Johnson Matthey said Wednesday that it has agreed to sell all of its medical device components business to Montagu Private Equity for $700 million, ending its sale of "value businesses," in a deal guided by Kirkland & Ellis LLP.

  • March 20, 2024

    Slaughter And May Cuts Partner Promotions By Half In 2024

    Slaughter and May said on Wednesday that it is adding to its bench of up-and-coming leaders by promoting five lawyers to its partnership — only half the number it elevated in 2023.

  • March 20, 2024

    Dubai Won't Be Top Investor In Nasdaq After $1.6B Share Sale

    Nasdaq Inc. has said that Dubai will lose its spot as top shareholder in the U.S. stock exchange operator after it sells $1.6 billion worth of shares.

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