Transactions UK

  • April 14, 2025

    Norton Rose Leads TowerBrook On £283M Buy Of Equals

    A consortium of private equity firms, including TowerBrook Capital Partners LP, has completed its £283 million ($373 million) takeover of technology company Equals Group PLC, triggering the suspension of its shares from the London Stock Exchange, the British business said on Monday.

  • April 14, 2025

    Slaughter And May-Led Wood In £242M Bid After £1.6B Offer

    Scotland-based engineering consultancy Wood Group said Monday that its West Asian rival Sidara has made an approximately £242 million ($379 million) takeover proposal, guided by Slaughter and May, after making a £1.6 billion offer in 2024.

  • April 14, 2025

    French Pipe Maker To Sell Welder For Up To €79M

    Industrial tube maker Vallourec SA said on Monday it has agreed to sell its industrial-welding subsidiary Serimax to a Paris-based private equity firm for up to €79 million ($90 million), as the French manufacturer looks to concentrate on its core business.

  • April 14, 2025

    3 Firms Guide $3.1B KKR Purchase Of S&P, CME Trading Unit

    KKR has agreed to acquire post-trade solutions provider OSTTRA from Davis Polk-led S&P Global and Skadden-advised CME Group for $3.1 billion, with Simpson Thacher guiding the private equity giant on the deal, the companies said Monday. 

  • April 14, 2025

    Mobile Comms Firm Link Acquires Messaging Biz For £9.7M

    Link Mobility Group Holding said Monday that it has acquired FireText, a British SMS marketing business, in a transaction worth £9.7 million ($12.8 million), a deal the company believes will bolster its presence in the U.K.

  • April 14, 2025

    Squire Patton Guides £120M Pensions Deal For Utilities Co.

    Pensions insurer Just Group said on Monday that it has taken on £120 million ($158 million) in retirement savings liabilities from a plan sponsored by a U.K. water supplier, in a deal guided by Squire Patton Boggs.

  • April 14, 2025

    A&O Shearman-Led Ageas Inks £1.3B Deal For UK Insurer

    Belgian insurer Ageas said Monday that it has reached an agreement with Bain Capital to buy Esure Group PLC, which provides motor and home cover, for £1.295 billion ($1.7 billion) as it moves to expand in the U.K. online market.

  • April 11, 2025

    LondonMetric Eyes Deal For Property Investor Urban Logistics

    Real estate investment trust Urban Logistics on Friday confirmed it has received an indicative proposal from LondonMetric Property PLC about a possible offer to acquire it, amid press speculation.

  • April 11, 2025

    Taxation With Representation: Norton Rose, Ropes & Gray

    In this week's Taxation With Representation, Capri Holdings sells Versace to Prada, Woodside Energy sells a liquefied natural gas terminal stake to Stonepeak, crypto infrastructure firm Ripple acquires prime brokerage platform Hidden Road, and Bain Capital takes a stake in Lincoln Financial.

  • April 11, 2025

    Hannover Re To Buy Swiss Re's Australian Insurance Portfolio

    A Hannover Re unit has agreed to acquire the Australian direct life insurance portfolio of Swiss Re for an undisclosed amount following the Swiss reinsurer's decision to exit the loss-making business globally.

  • April 11, 2025

    Helical Announces £333M New Bridge St. Building Sale

    Real estate firm Helical PLC said Friday that it will sell a London office block for £333 million ($435.5 million), a year ahead of completing its redevelopment of the property.

  • April 11, 2025

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

    This past week in London has seen law firm Michael Wilson & Partners reignite a 20-year dispute with a former director over an alleged plot to form a rival partnership, headphone maker Marshall Amplification sue a rival in the intellectual property court, and a commercial diving company pursue action against state-owned nuclear waste processor Sellafield. Here, Law360 looks at these and other new cases in the U.K.

  • April 11, 2025

    Vinge-Led Volkswagen Unit To Buy Swede Battery Biz

    Scania said Friday it has agreed to acquire bankrupt Northvolt AB's division that makes batteries for heavy industry, as the Volkswagen-owned truck and bus maker moves to diversify its portfolio.

  • April 11, 2025

    Irish Food Biz Gets More Time For £1.2B Bid For UK Rival

    Bakkavor, a British ready-to-eat meals company, said Friday that the deals watchdog has extended the time given to Irish sandwich maker Greencore to make a takeover offer worth approximately £1.2 billion ($1.5 billion).

  • April 11, 2025

    Ropes & Gray-Led PE Biz Ends £322M Buy Amid Market Storm

    Private equity company Keensight Capital said Friday that it has dropped its interest in the £322.4 million ($422.2 million) acquisition of Niox Group, a maker of asthma diagnostic products, because of the "current macroeconomic backdrop."

  • April 11, 2025

    UK Probes $3.1B SES-Intelsat Satellites Biz Merger Plan

    The Competition and Markets Authority said Friday that it is investigating SES SA's proposed $3.1 billion takeover of rival satellites operator Intelsat SA, as consolidation in the aerospace sector continues to take off to compete with Elon Musk and Jeff Bezos.

  • April 10, 2025

    Amazon CEO, Bain Take Spotlight Amid Recent Rumors

    Private equity firm Bain Capital agrees to purchase Sizzling Platter for $1 billion, SC Capital is eyeing British data center group Global Switch in a potential $5 billion deal, and Amazon CEO Andy Jassy addresses a rumored Amazon bid. Here, Law360 breaks down these and other rumor-related developments from the past week.

  • April 10, 2025

    UK Open To SLB-ChampionX Fixes For $8B Oil Services Deal

    The United Kingdom's Competition and Markets Authority expressed openness Thursday to fixes offered to address antitrust concerns over energy-focused global technology company SLB's proposed $7.8 billion acquisition of chemistry solutions provider ChampionX, based in part on a divestiture already inked to address U.S. worries.

  • April 10, 2025

    Prada Bags Versace From Capri Holdings In $1.37B Deal

    Fashion luxury group Capri Holdings on Thursday announced that it has agreed to sell iconic Italian designer brand Versace to Prada in a €1.25 billion ($1.37 billion) deal meant to allow Capri to focus more on its other two luxury brands: Michael Kors and Jimmy Choo.

  • April 10, 2025

    JD Sports Kicks Off Share Buyback Of Up To £100M

    JD Sports Fashion PLC rolled out a program on Thursday to repurchase shares of up to £100 million ($129 million), a move expected to lower the outstanding share capital of the "king of trainers."

  • April 10, 2025

    Baker Tilly Unit To Raise £102M Ahead Of AIM Listing

    MHA PLC unveiled on Thursday details of its planned sale of shares as part of a program to raise funds worth up to £101.8 million ($132 million), as the professional services provider edges toward its proposed listing in London.

  • April 10, 2025

    Tesco Announces £1.45B Buyback For Shareholders

    Grocery behemoth Tesco PLC said Thursday that it will buy back a total of £1.45 billion ($1.87 billion) of its shares in the next 12 months on the heels of the £1 billion buyback that it has just completed.

  • April 10, 2025

    Emirates' Renewables Co. Completes €3.2B Buy Of Greek Biz

    Emirati renewable energy company Masdar said on Thursday that it has completed the €3.2 billion ($3.5 billion) acquisition of a Greek operator, Terna Energy SA, in one of the largest deals in the sector in the European Union.

  • April 10, 2025

    Goldman-Backed Broker Buys UK Rival Moore Robinson

    Insurance intermediary Clear said Thursday that it has acquired Moore Robinson Ltd., a specialist property broker based in the City of London, as the group moves to strengthen its U.K. retail arm.

  • April 10, 2025

    FCA Boss Rathi Appointed To 2nd Term With Growth Focus

    HM Treasury said Thursday that it has reappointed Nikhil Rathi as chief executive of the Financial Conduct Authority to continue its reform of the regulations to support economic growth.

Expert Analysis

  • Changes To UK Competition Rules Will Extend CMA Powers

    Author Photo

    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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