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Transactions UK
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May 06, 2025
AB Foods In Talks To Sell Kingsmill To Hovis Owner
Associated British Foods PLC said Tuesday that it is in talks to sell Allied Bakeries, a move that could lead to a kneading together of two leading bread brands.
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May 02, 2025
Law Firm Can't Ax €213M Action Over Claim Form Blunders
A London court ruled Friday that an asset manager can amend its €213 million ($241 million) professional negligence claim against the London arm of an international law firm, as it would be unjust to strike out the action merely because the claim form had been prepared with "a remarkable lack of care."
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May 02, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Premier League football club Newcastle United FC sue the owner of the land next to its stadium, Laurence Fox face a defamation claim by TV presented Narinder Kaur and a further sexual assault claim filed against actor Kevin Spacey.
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May 02, 2025
SPAC Pineapple Power Plans To Buy Australian Mining Co.
U.K. blank-check company Pineapple Power said Friday it has agreed to acquire Buffalo Battery Metals in an all-share transaction, in a deal giving the Australian mining company entry to London's main stock market and exploiting a rising demand for commodities.
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May 02, 2025
Comms Services Biz Moves From AIM To Main Market
Gamma Communications PLC said on Friday that its shares had been admitted to the main market of the London Stock Exchange and will quit the junior Alternative Investment Market, a move it expects to enhance its corporate profile.
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May 02, 2025
Pension Deal Insurance Capacity Outstrips Demand
Eight out of 10 pension deals last year involved a scheme with less than £100 million ($133 million) in assets, due to a major increase in insurer capacity, a consultancy said Friday.
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May 02, 2025
BCLP, Skadden Steer €242M Sale Of EasyHotel
Tristan Capital has agreed to acquire the easyHotel budget hotel chain for approximately €242.1 million ($274.3 million) in a deal guided by Bryan Cave Leighton Paisner LLP and Skadden "to gain immediate scale within the wider European budget hotel landscape."
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May 02, 2025
Equinor Sells $3.3B Oil Field Stake To Mayer Brown-Led Rival
Norwegian energy giant Equinor ASA said Friday that it will sell a 60% stake in the Peregrino offshore oil field to a subsidiary of Prio SA, a holding company based in Brazil, for $3.35 billion, as it reorganizes its portfolio of assets.
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May 02, 2025
Bank Sues Fintech Execs For Fraud Over £4M Investment
A German specialist property lender has sued the co-founders of a financial technology startup for £4.2 million ($5.6 million) in London over claims that the former investment bankers hid the fact they had obtained additional investment in their business prior to its collapse.
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May 02, 2025
Shell Launches New $3.5B Buyback Despite Profit Drop
British energy giant Shell PLC said Friday that it will line shareholders' pockets with an extra $3.5 billion to carry on its buyback streak despite a 28% drop in its first-quarter earnings.
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May 01, 2025
Shareholders Claim Biogen Skipped $50M Drug Payment
Former shareholders of a U.K.-based drug company accused Biogen of failing to make a $50 million payment under a deal to acquire the company and its nerve pain medication, on the first day of trial on Thursday.
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May 01, 2025
Tobacco Giant Imperial Rolls Out 2nd Part Of £1.25B Buyback
Imperial Brands PLC kicked off the second part of its £1.25 billion ($1.4 billion) share buyback program on Thursday as the Rizla cigarette paper maker began to repurchase stock worth up to £625 million aimed at downsizing capital and rewarding investors.
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May 01, 2025
Sony Eyes $49B Semiconductor Unit Sale, Plus More Rumors
Sony could sell its semiconductor unit for $49 billion, while proxy advisory firm Glass Lewis is considering ending its practice of advising shareholder votes on politically charged topics, and AI startup Nscale plans to raise $2.7 billion in private capital to support the construction of data centers around the world.
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May 01, 2025
Hospitality Company Whitbread To Buy Back £250M In Shares
Whitbread PLC said Thursday it will return up to £250 million ($333.5 million) to its shareholders via a share buyback as the Premier Inn hotel chain owner reported a profit dip, citing a "softer market" in the U.K.
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May 01, 2025
Renewables Biz To Sell Hydropower Asset Stake For €16.5M
Investment company Aquila European Renewables PLC said Thursday that it has agreed to sell its minority interest in Portuguese hydropower project Sagres for approximately €16.5 million ($18.7 million) as the company winds down its operations.
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May 01, 2025
Food Group Kerry To Serve Up A Further €300M Buyback
Kerry Group PLC said on Thursday that it intends to launch another share buyback program worth up to €300 million ($340 million), as the Irish food ingredients company reported a 6.3% rise in first-quarter revenue.
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May 01, 2025
Mining Biz Expands In Africa With $150M Ivory Coast Buy
Resolute Mining Ltd. said Thursday it has agreed to acquire two promising gold production sites in Ivory Coast, for which it will pay $150 million and carry out an asset swap, a move to boost the Australia-based metal miner's presence in West Africa.
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May 01, 2025
Tech Group Urges Rival To Ditch Chairman As Shares Slump
Science Group PLC ramped up its activism against the board of rival technology consultancy Ricardo PLC on Thursday by calling for a vote of no-confidence against its chair, Mark Clare.
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April 30, 2025
Morgan Lewis Expands Tax Practice With Milbank Hire
Morgan Lewis & Bockius LLP added a former Milbank special counsel as a tax partner based in the firm's London office.
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April 30, 2025
UBS To Buy Back Further $2.5B Worth Of Shares In 2025
UBS Group AG said on Wednesday it will reward investors by repurchasing up to $2.5 billion in shares this year, despite a drop in net profit and an "unpredictable" economy.
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May 07, 2025
White & Case Hires Back PE Pro From Kirkland In London
White & Case LLP announced Wednesday the return of a corporate partner at Kirkland & Ellis LLP to boost its cross-border private equity offering to deal with the increase in transactions it expects to continue through the year.
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April 30, 2025
Lender Says Company Owner Gifted Biz To Son To Evade Debt
A finance provider has sued a businessman for allegedly gifting a company to his son the day after the lender had demanded payment of more than £4.7 million ($6.3 million) under a loan guarantee.
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April 30, 2025
Media Production Equipment Firm Completes £8M Fundraising
Videndum PLC said Wednesday that it has successfully raised approximately £8 million ($10.6 million) through selling shares as the provider of video transmission systems and camera supports reported a drop in revenue.
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April 30, 2025
Novartis Buying Regulus In Up To $1.7B Kidney Drug Deal
Covington & Burling LLP-advised Novartis AG said Wednesday it has agreed to acquire Latham & Watkins LLP-guided Regulus Therapeutics Inc. for up to $1.7 billion in a deal that strengthens the Swiss pharmaceutical giant's kidney disease portfolio with a promising RNA-based therapy.
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April 30, 2025
Tycoon's £3.6B Royal Mail Takeover Wins Stamp Of Approval
Shareholders in the Royal Mail's parent company have given the green light to the proposed £3.6 billion ($4.8 billion) takeover by a conglomerate controlled by Czech billionaire Daniel Křetínský, the companies said late Wednesday.
Expert Analysis
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How ESG Matters Are Influencing M&A Due Diligence Trends
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.
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Changes To UK Competition Rules Will Extend CMA Powers
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.