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Transactions UK
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June 10, 2025
FirstGroup Reveals Additional £50M Share Buyback
FirstGroup PLC said Tuesday it will reward investors with an additional two-part £50 million share repurchase program as the public transport provider reported revenue of £1.4 billion.
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June 10, 2025
Mishcon De Reya Guides REIT On £11M Leisure Park Buy
AEW UK, a real estate investment trust, said Tuesday it has bought a leisure park in the city of Leicester, central England, for approximately £11.2 million ($15 million).
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June 10, 2025
FCA Unveils Rules For Private Stock Market Launch
The Financial Conduct Authority set out rules on Tuesday for its world-first regulated stock market for private companies in the latest bid by Britain to boost growth and provide alternatives to London's ailing equity capital market.
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June 09, 2025
Legal, Compliance Heads Named In Mallinckrodt-Endo Merger
Ahead of finalizing their $6.7 billion merger, Ireland's Mallinckrodt PLC and Pennsylvania-based Endo Inc. announced that Mallinckrodt's current chief legal officer and Endo's chief compliance officer will be a part of the executive team that will drive the formation of what the companies said will be a global pharmaceutical industry leader.
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June 09, 2025
Media Biz Chair Who Misled Investors Told To Buy Out Shares
The chairman of a media company has been ordered to buy out a minority shareholder after a London appeals court said Monday that he had deliberately deceived investors about his attempts to work towards selling the company.
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June 09, 2025
Precision Tools Co. Spectris To Back £3.7B Advent PE Bid
Spectris, a British manufacturer of high-tech instruments, said Monday that it would probably back a proposed £3.7 billion ($5 billion) takeover offer from U.S. private equity company Advent International Corp., a deal in which the company would withdraw its listing from the London Stock Exchange.
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June 09, 2025
A&O Shearman-Led L'Oréal To Buy Majority Stake In Medik8
L'Oréal SA said Monday that it has agreed to acquire a majority stake in British premium skincare brand Medik8 from European private equity firm Inflexion as the cosmetics giant seeks to expand its top-end brand Luxe.
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June 09, 2025
Paul Weiss-Led Computer Biz IonQ To Buy UK Rival For $1B
Quantum computing company IonQ Inc. said Monday that it has agreed to acquire Oxford Ionics Ltd. for approximately $1.08 billion in a deal guided by Paul Weiss and Hogan Lovells that could bring "breakthroughs in quantum computing."
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June 09, 2025
Broking Group Howden Buys Peruvian Reinsurance Biz
Howden Group said Monday that it has bought Peruvian reinsurance broker Innova Re, marking a further broadening of the insurance broking giant's footprint in Latin America.
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June 09, 2025
NHS Contractor Completes Sale Of 3 Units To Stay Afloat
Troubled NHS contractor Totally PLC said Monday that it has completed the sale of three subsidiaries after appointing administrators to help it avoid liquidation.
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June 09, 2025
Paul Weiss Guides Qualcomm's $2.4B Alphawave IP Takeover
Semiconductor-maker Qualcomm Inc. said Monday that it will buy Alphawave IP for $2.4 billion in a deal that will pull the British chip designer from the London Stock Exchange.
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June 09, 2025
Pets At Home Kicks Off 1st Stage Of £25M Buyback
Pets At Home began a stock repurchase program of up to £12.5 million ($17 million) on Monday, the first phase of a £25 million share buyback scheme expected to lower the share capital of the animal welfare business.
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June 06, 2025
UK Litigation Roundup: Here's What You Missed In London
The past week in London has seen MGM and the owners of the "Addams Family" trademark sue a private equity firm, two Cambridge colleges file for injunctions against Pro-Palestine student protest groups and a former NBA player brings a claim against Orrick Herrington & Sutcliffe LLP.
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June 06, 2025
Labour Gov't Eases Carried Interest Rules On Fund Managers
The Labour government has unveiled a series of concessions on changes to the tax rules for carried interest, the investment income passed onto fund managers, following a consultation on the plans.
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June 06, 2025
Taxation With Representation: Winston, Stibbe, Weil, Goodwin
In this week's Taxation With Representation, Chart Industries Inc. and Flowserve Corp. merge, Aedifica NV and Cofinimmo NV unite, Sanofi buys Blueprint Medicines Corp., and Kimberly-Clark Corp. sells a majority stake in its international tissue business to Suzano.
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June 06, 2025
Simpson Thacher-Led Rosebank To Raise £1.14B For Buy
Rosebank said Friday that it will raise up to £1.14 billion ($1.54 billion) in equity to partly fund the acquisition of Electrical Components International in a reverse takeover transaction, with plans to "double shareholders' investment in three to five years."
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June 06, 2025
NHS Contractor Faces Collapse After Failing To Find Buyer
Ailing National Health Service contractor Totally PLC announced Friday that it intends to appoint administrators and has requested a suspension of trading of its shares after failing to find buyers or investors to rescue it from insolvency.
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June 06, 2025
Clifford Chance-Led EQT To Buy €368M Stake In Gas Biz
Swedish private equity firm EQT said Friday that it has agreed to acquire a majority stake in Waga, a natural gas producer, ahead of a possible full takeover that would value the French company at €680 million ($774 million).
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June 06, 2025
Kirkland Steers Consumer Trends Biz Acquisition Deal
WGSN said it has bought data and insights company IWSR from Bowmark Capital, which the consumer trends forecasting business expects will expand the services it can offer.
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June 06, 2025
CMS-Led Auto Dealer Tech Biz To Buy JV Stake For $76.5M
Pinewood Technologies said Friday that it has agreed to buy the 51% stake of car dealership Lithia in their U.S. joint venture for $76.5 million as it aims to accelerate the adoption of its auto retailer software in America and Canada.
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June 06, 2025
Birketts Leads Science Biz Investor SDI On £4.75M Acquisition
SDI Group PLC, an investor in science-based companies, said on Friday that it has acquired Severn Thermal Solutions Ltd. for a net consideration of £4.75 million ($6.4 million).
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June 06, 2025
EY Law Steers AIB On Sale Of 49.9% Stake In Payments Biz
Financial services giant AIB Group PLC revealed on Friday it has signed an agreement to sell its 49.9% holding in its payment systems business to Fiserv, Inc., a global fintech company based in the U.S.
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June 06, 2025
Macquarie Completes £700M Takeover Of Dutch Waste Biz
Australian financial services giant Macquarie Group has completed its takeover of Dutch waste management business Renewi PLC in a deal worth approximately £700 million ($949 million), the companies said on Friday.
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June 05, 2025
Elon Musk Seeks $5B For AI Startup, Amid Other Reports
Elon Musk is planning a $5 billion debt sale for his AI startup, Ontario’s pension seeks final bids for an Indian hospital system, and Merck eyes a Swiss biotech with a potential $3 billion price tag. Here's a rundown of these and other notable deal rumors from the last week.
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June 05, 2025
Unite Students In £212M Sale Of 9 UK Properties To Lone Star
Student accommodation developer Unite Students said Thursday that it has agreed to sell nine properties in the U.K. for £212 million ($288 million) to an affiliate of Texas private equity shop Lone Star Funds.
Expert Analysis
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Agreement Among Litigants Key To Using E-Discovery Tech
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.
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4 Ways M&A Deals Are Changing
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.
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Opinion
Law School Admissions Shouldn't Hinge On Test Scores
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.
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How Market Challenges Are Affecting Deal-Making Trends
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.
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What Digital Asset Decisions Mean For Future Disputes
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.
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A Look At UK's 1st Report On Security Regime For Deals
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.
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What EU Changes To Dual Distribution Mean For Franchises
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.
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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.