Transactions UK

  • March 19, 2025

    Rio Tinto Defends London Listing Amid Call For Review

    Anglo-Australian company Rio Tinto PLC defended its listing on the London Stock Exchange on Wednesday after activist investor Palliser Capital called for the mining giant to unify its dual-listing to form an Australian company.

  • March 19, 2025

    Pfizer Sells Remaining Stake In Advil-Maker Haleon For £2.4B

    Pharmaceutical giant Pfizer said Wednesday that it has offloaded its remaining 7.3% stake in Haleon, for £2.4 billion ($3.1 billion), three years after it spun off the U.K. consumer healthcare group.

  • March 19, 2025

    UK's AIM Market Appears Ripe For Overhaul To Attract Listings

    London's alternative investment market has been vying for the position of the world's number one destination for growth companies for 30 years, but lawyers warn that a wave of exits could spell its demise unless rules are changed to reverse the trend.  

  • March 18, 2025

    Lewis Silkin Hit With £8.7M Claim Over Dealership Sale Advice

    A property developer has accused Lewis Silkin LLP of causing him to lose millions of pounds because the firm advised him to sell a former car dealership quickly to avoid being forced to sell the property to the local council.

  • March 18, 2025

    Pearson Begins Initial £175M Tranche Of Share Buyback

    Pearson PLC on Tuesday kicked off the first £175 million ($227 million) phase of its £350 million stock repurchase scheme that the educational materials publisher will use to reward investors and lower its outstanding share capital.

  • March 18, 2025

    PE Firm Unit To Buy Out Wealth Manager, Values Biz At £48M

    A subsidiary of private equity shop Pollen Street said Tuesday that it has offered to buy the shares it does not already own in Kingswood, which values the wealth manager at £48 million ($62.2 million).

  • March 18, 2025

    Deliveroo Instructs Goldman To Manage $250M Buyback

    Deliveroo PLC provided details on Tuesday of its plan to buy an additional £100 million ($130 million) of its shares, extending the £150 million share repurchase program it unveiled in August.

  • March 18, 2025

    Gowling-Led Church Of Scotland Seals £75M Pension Buy-In

    The Church of Scotland offloaded £75 million ($97.3 million) of its pension scheme liabilities to London-listed Just Group PLC, the insurer said Tuesday, in a deal guided by Gowling WLG and Burness Paull LLP.

  • March 18, 2025

    Software Co. Gets CMA's Nod To Buy UK Tech Biz For £207M

    The U.K.'s antitrust regulator said Tuesday that it has given the green light to the £207 million ($268 million) acquisition by real estate software maker MRI Software LLC of technology business Capita One Ltd.

  • March 18, 2025

    Motor Insurer Eyes £5M Share Buyback After Bumper Profits

    Motor insurer Sabre said Tuesday that it plans to reward investors with a share buyback program worth up to £5 million ($6.5 million) after reporting its profit almost doubled from 2023.

  • March 17, 2025

    4 Firms Guide Up To $1.14B Sale Of PE-Backed Biotech

    Taiho Pharmaceuticals on Monday announced plans to acquire private equity-backed Swiss biotechnology company Araris Biotech for up to $1.14 billion in a deal built by four law firms.

  • March 17, 2025

    French Firm Nexans To Sell Industrial Cables Biz For €525M

    Paris-based Nexans SA said on Monday that it has agreed to offload its industrial cables subsidiary to a local private equity fund, Latour Capital, for €525 million ($573 million) so that it can focus on energy transition.

  • March 17, 2025

    UK To Launch Measures To Speed Up Firms' Approval Process

    The U.K. government will introduce measures for the Financial Conduct Authority to speed up support for early-stage businesses as part of a broader set of reforms to reduce regulatory impediments to economic growth.

  • March 17, 2025

    Ashurst-Led Investor To Buy UK Green Fund For £191M

    British investment manager Foresight said on Monday that funds it manages have agreed to acquire Harmony Energy Income Trust PLC, a battery storage fund, for £190.8 million ($247.5 million) in a move to add a "highly complimentary" company to its portfolio.

  • March 17, 2025

    Clifford Chance-Led PE Firm To Sell Subsea Cable In €1B Deal

    Swiss-based global private equity firm Partners Group said Monday that it has agreed to sell Greenlink Interconnector to Baltic Cable AB and London-based infrastructure investor Equitix in a deal that values the subsea electricity interconnector at €1 billion ($1.09 billion).

  • March 17, 2025

    MHA, Quantum Base Plan AIM Flotations In Boost To London

    Professional services firm MHA and authentication specialist Quantum Base said separately on Monday that they plan to float on the alternative investment market in a rare double boost to London's struggling capital markets.

  • March 17, 2025

    Covington-Led AstraZeneca To Buy Belgian Biz For Up To $1B

    British-Swedish pharmaceutical giant AstraZeneca PLC said Monday that it has agreed to buy cancer immunotherapy business EsoBiotec in a deal worth up to $1 billion in cash to develop its capabilities in cell therapy.

  • March 14, 2025

    Market Turbulence Threatens To Stall IPO Recovery

    Stock market volatility is impeding a recovery in initial public offerings that market dealmakers hoped would begin by spring, prompting many IPO lawyers and advisers to defer hopes of a rebound until at least the second half of 2025.

  • March 14, 2025

    UK Ready Meals Maker Sends Back £1.1B Bid From Irish Rival

    British ready-to-eat meals maker Bakkavor Group PLC said Friday that it has snubbed an "unsolicited" cash and stock takeover bid worth approximately £1.14 billion ($1.5 billion) from Irish rival Greencore Group PLC.

  • March 14, 2025

    Weil-Led European PE Shop Wraps €430M Fund

    Pan-European private equity shop bd-capital, led by Weil Gotshal & Manges LLP, on Friday announced that it clinched its second fund above target after securing €430 million ($467.6 million) from investors.

  • March 21, 2025

    Proskauer Adds UK Restructuring Pro From Akin

    Proskauer Rose LLP has hired a restructuring and special situations specialist as a partner in its London office, as the U.S.-based firm continues to grow its global finance practice.

  • March 14, 2025

    3 Firms Rep On $8.5B Crown Castle Fiber Assets Sale

    Paul Weiss-advised Crown Castle Inc. has agreed to sell its fiber segment for $8.5 billion in a push to transform the company into a pure-play U.S. tower business, in two deals guided on the buy-side by Kirkland and Simpson Thacher.

  • March 14, 2025

    Taxation With Representation: Davis Polk, Paul Weiss

    In this week's Taxation With Representation, Mallinckrodt PLC and Endo Inc. combine, Rocket Cos. buys Redfin, and Endo divests its international pharmaceuticals business to Knight Therapeutics Inc.

  • March 14, 2025

    Willkie-Led PE Firm To Buy Stake In UK Insurance Broker

    Private equity firm IK Partners has agreed to acquire a minority stake in broker and risk management company Seventeen as it seeks to tap into the U.K. insurance market.

  • March 14, 2025

    Insurer Ardonagh Buys UK Broker Anderson & Co.

    Global insurance broker Ardonagh's SME platform has bought U.K. boutique Anderson & Co. (Holdings) Ltd. and its subsidiary to help bolster its presence in the North of England.

Expert Analysis

  • Where New UK And EU Vertical Agreements Rules Diverge

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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.

  • Changes To UK Competition Rules Will Extend CMA Powers

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    Recent amendments to U.K. competition and consumer law regimes introduce changes to merger control and antitrust investigations that will result in the speedier resolution of cases and greater autonomy for the Competition and Markets Authority, say Bill Batchelor and Aurora Luoma at Skadden.

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