Transactions UK

  • September 29, 2025

    Iconic Claims Textor Lacked Funds In $93M Buyout Dispute

    A billionaire-backed investment company has claimed the owner of a portfolio of football clubs was not "ready and willing" to pay it $93 million for its shares in his company, arguing on Monday at a preliminary trial over the construction of the agreement that he lacked the funds to do. 

  • September 29, 2025

    4 Firms Advise On Genmab's $8B Merus Acquisition Plan

    Genmab AS announced Monday it has agreed to purchase Dutch clinical-stage biotechnology firm Merus NV in an all-cash transaction valued at about $8 billion, with Allen Overy Shearman Sterling and Kromann Reumert advising Genmab and Latham & Watkins LLP and NautaDutilh representing Merus. 

  • September 29, 2025

    Real Estate Tech Co. Ex-Owners Claim $6M Payment Owed

    The ex-owners of a real estate software company have asked a London court to order the new owner to pay more than $6 million in performance-based payments after an acquisition, arguing that the buyer has misinterpreted their agreement.

  • September 29, 2025

    CVC Income Launches Retail Offer, Placing Worth Up To £60M

    CVC Income & Growth Ltd. said Monday that it has kicked off a sale of new shares worth up to £60 million ($80.5 million), as the Jersey-based closed-ended investment company seeks to meet ongoing demand from investors.

  • September 29, 2025

    Coca-Cola Bottler Launches 4th Stage Of €1B Buyback

    Coca-Cola Europacific Partners PLC said Monday it will begin a share repurchase program of up to €382 million ($448 million), the fourth phase of the bottling giant's €1 billion share buyback program aimed at lowering its outstanding share capital.

  • September 29, 2025

    Marsh Sells Ireland Personal Lines Business To Cornmarket

    Insurance giant Marsh McLennan has sold its Ireland personal lines insurance business to Cornmarket, the Belfast-based broker has said.

  • September 29, 2025

    Hilton Food Sells Fairfax Meadow To Sysco For £54M

    Sysco Corp. said Monday that its U.K. subsidiary has acquired Fairfax Meadow Europe Ltd., an industrial butcher, from rival Hilton Food Group PLC for £54 million ($72.5 million), as the global food giant attempts to bolster its meat manufacturing business.

  • September 29, 2025

    Pipe-Maker Genuit Acquires Bathroom Supplies Biz For £49M

    Plastic pipe maker Genuit Group PLC said Monday that it has bought plumbing and heating Davidson Holdings Ltd. for £49 million ($66 million) amid an anticipated rise in interest in water conservation.

  • September 29, 2025

    Investment Biz Helios To Return £7.3M To Shareholders

    Helios Underwriting PLC said Monday that it plans to launch a share buyback worth up to approximately £7.3 million ($9.8 million) as the insurance industry investment vehicle noted the strong performance of the Lloyd's specialist market.

  • September 29, 2025

    KKR Secures EU Approval For £4.2B Spectris Takeover

    The proposed £4.2 billion ($5.6 billion) takeover of high-tech instrument maker Spectris by private equity firm KKR has won backing from the European Commission, the companies said Monday, as they leap another barrier to completion.

  • September 29, 2025

    AstraZeneca Revamps NYSE Listing To Woo US Investors

    Pharmaceutical heavyweight AstraZeneca PLC said on Monday that it is overhauling its New York listing in an effort to attract U.S. investors but will retain its primary listing and headquarters in the U.K.

  • September 26, 2025

    Taxation With Representation: De Brauw, Hengeler Mueller

    In this week's Taxation With Representation, power grid operator TenneT Holding sells a stake in its German transmission business to institutional investors, Pfizer Inc. acquires biotechnology company Metsera Inc., and Dutch brewer Heineken NV buys most of Costa Rica's FIFCO beverage and retail operations.

  • September 26, 2025

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

    This past week in London has seen Sanjeev Gupta’s Liberty OneSteel sue its collapsed former lender Greensill Capital, television personality Janice Dickinson hit ITV with a personal injury claim after falling over while appearing on “I’m a Celeb …”, and energy investor Blasket bring fresh litigation against Spain amid a row over a $416 million arbitration award. Here, Law360 looks at these and other new claims in the U.K.

  • September 26, 2025

    Permira Gets More Time To Make Offer For JTC

    The U.K.'s merger authority has gifted British investment company Permira Advisers LLP an extra four weeks to make a firm offer for JTC PLC, the corporate adviser said Friday.

  • September 26, 2025

    Smarttech247 Plans To Delist, Citing Undervaluation On AIM

    The online security services provider Smarttech247 Group PLC on Friday announced strong performance after winning client contracts, but said it wants to quit London's Alternative Investment Market amid concerns it is undervalued on trading platforms.

  • September 26, 2025

    Spineart Secures $31M To Boost Spine Surgery Innovations

    Swiss biotech company Spineart SA said on Friday that it has raised 25 million Swiss francs ($31.2 million) from European private equity firms Gimv NV and EGS Beteiligungen AG to help it in its research and increase its global footprint.

  • September 26, 2025

    Diagnostics Biz Renalytix Raises £7M For Testing Program

    Renalytix said Friday it has raised around £7.05 million ($9.4 million) through a share sale, giving the diagnostics business capital to fund a kidney disease testing program.

  • September 26, 2025

    A&O Shearman Guides Prosus' €1.1B Auto Marketplace Buy

    Prosus NV said Friday that it has agreed to acquire French automobile marketplace La Centrale for €1.1 billion ($1.28 billion), marking the Dutch investor's entry into Western Europe and expanding its push into the region's major used-car sector.

  • September 26, 2025

    Reckitt To Launch £250M Second Chunk Of £1B Buyback

    Reckitt Benckiser said Friday that it plans to repurchase more shares worth up to £250 million ($286 million) — the second portion of the health and hygiene products giant's £1 billion buyback designed to reduce capital and reward investors.

  • September 25, 2025

    BBVA's Boosted $23B Sabadell Bid Gets Approval In Spain

    Spain's securities regulator, the Comisión Nacional del Mercado de Valores, has approved BBVA's revised offer to Banco Sabadell shareholders, which includes a 10% increase in consideration and more favorable tax treatment, the lender announced Thursday. 

  • September 25, 2025

    Oakley Capital Launches Euro Insurance Services Platform

    Private equity company Oakley Capital said Thursday it has launched an insurance services platform to consolidate companies in southern Europe.

  • September 25, 2025

    JD Sports Commences Return Of £100M To Shareholders

    Sports-fashion retailer JD Sports said Thursday that it will buy back up to £100 million ($134.3 million) of its shares to return surplus capital to shareholders a day after reporting revenue growth of 20% in the first half of the year.

  • September 25, 2025

    Dickson Minto-Led Investor Sells 9 Care Homes For £86M

    ​Target Healthcare REIT Ltd. said Thursday it has completed a "landmark" sale of nine residential homes for a total of £85.9 million ($115.5 million), as the U.K.-based real estate investment trust moves to broaden its tenancy portfolio and fund future M&A.

  • September 25, 2025

    Linklaters Guides BP Scheme On £1.6B Pension Mega Deal

    Energy giant BP has offloaded £1.6 billion ($2.1 billion) of its pension liabilities to Legal & General Assurance Society Ltd., the insurer said Thursday, in a deal guided by Linklaters LLP, Macfarlanes LLP and DLA Piper.

  • September 25, 2025

    TA Associates Affiliate Trims Stake In Eurowag, Raises £56M

    An affiliate of private equity firm TA Associates Management LP has sold part of its stake in European payments provider Eurowag for approximately £56.1 million ($75.3 million), its bookrunner Peel Hunt LLP said Thursday.

Expert Analysis

  • Exploring The EU's Draft Standards On Crypto Authorization

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    The European Securities and Markets Authority’s recently published draft standards aim to promote fair competition and a safer environment for crypto providers and investors, detailing precisely the information to be provided to national authorities in charge of screening the acquisitions of a qualifying holding, says Mathieu de Korvin at Norton Rose.

  • What The New Digital Markets Bill Will Mean For Companies

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    The recently passed Digital Markets, Competition and Consumer Bill will bring significant reform to U.K. merger control and antitrust rules for all businesses, but the introduction of a strategic market status regime and its reporting obligations means large tech organizations in particular need to think carefully about the forthcoming changes, say lawyers at Linklaters.

  • Insurance Ruling Stresses High Hurdle To Fix Policy Wording

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    In Project Angel v. Axis, the Court of Appeal recently refused to rewrite the exclusion clause of an insurance policy, reminding parties in the warranty and indemnity market to carefully word clauses, as there is a high threshold before courts will intervene to amend policies, say Joseph Moore and Laura McCann at Travers Smith.

  • CMA Reports Signal Tighter Scrutiny Of AI Model Markets

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    The Competition and Markets Authority’s recent reports on artificial intelligence foundation models suggest that competition in AI is not working as it should, so large digital firms can expect the regulator to use its full toolbox as it continues to monitor and investigate the sector, say lawyers at Cooley.

  • How Gov't Response Addresses Investment Act Concerns

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    The government’s recently published response to a call for evidence on the National Security and Investment Act is largely appropriate to stakeholder concerns raised and demonstrates in its five areas of focus that it is willing to respond to live issues, say lawyers at Watson Farley.

  • Pharma Remains A Key Focus Of EU Antitrust Enforcement

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    The recently published European Commission report on pharmaceutical sector competition law illustrates that effective enforcement of EU rules remains a matter of high priority for EU and national authorities, say lawyers at Dechert.

  • The Dangers Of Providing Misleading Info In A Merger Review

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    Although Kingspan's recent proposed acquisition of Trimo, brought before the European Commission, was abandoned following investigation for an alleged breach of EU Merger Regulation requirements, it has brought to light the importance of submitting accurate and complete information in merger reviews to avoid incurring a substantial fine, say lawyers at Steptoe.

  • Cum-Ex Prosecutions Storm Shows No Sign Of Abating

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    The ongoing trial of Sanjay Shah in Denmark is a clear indicator that efforts remain focused on holding to account the alleged architects and beneficiaries of cum-ex trading, and with these prosecutions making their way across Europe, it is a more turbulent time now than ever, says Niall Hearty at Rahman Ravelli.

  • Spartan Arbitration Tactics Against Well-Funded Opponents

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    Like the ancient Spartans who held off a numerically superior Persian army at the Battle of Thermopylae, trial attorneys and clients faced with arbitration against an opponent with a bigger war chest can take a strategic approach to create a pass to victory, say Kostas Katsiris and Benjamin Argyle at Venable.

  • EU Inquiry Offers First Insight Into Foreign Subsidy Law

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    The European Commission's first in-depth investigation under the Foreign Subsidies Regulation into a public procurement process, and subsequent brief on regulatory trends, sheds light on the commission's approach to such cases, as well as jurisdictional, procedural and substantive issues under the regulation, says Matthew Hall at McGuireWoods.

  • Key Points From EC Economic Security Screening Initiatives

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    Lawyers at Herbert Smith analyze the European Commission's five recently announced initiatives aimed at de-risking the EU's trade and investment links with third countries, including the implementation of mandatory screening mechanisms and extending coverage to investments made by EU companies that are controlled subsidiaries of non-EU investors.

  • Vodafone Decision Highlights Wide Scope Of UK's FDI Rules

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    The U.K. government’s recently imposed conditions required for its approval of Vodafone and Etisalat’s strategic relationship agreement under its National Security and Investment Act jurisdiction, illustrating the significance of the act as an important factor for transactions with a U.K. link, says Matthew Hall at McGuireWoods.

  • What Extension Of French FDI Control Means For Investors

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    The recently published French order on foreign investment control expands the regime's application to more sectors and at a lower threshold of share ownership, illustrating France's determination to maintain sovereignty over its supply chains in sensitive sectors, and adding new considerations for potential investors in these areas, say lawyers at Linklaters.

  • What To Expect For Private Capital Investment Funds In 2024

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    As 2024 gets underway, market sentiment in the private fundraising sphere seems more optimistic, with a greater focus on deal sourcing and operational optimizations, and an increased emphasis on impact and sustainability strategies, say lawyers at Ropes & Gray.

  • Cayman Islands Off AML Risk Lists, Signaling Robust Controls

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    As a world-leading jurisdiction for securitization special purpose entities, the removal of the Cayman Islands from increased anti-money laundering monitoring lists is a significant milestone that will benefit new and existing financial services customers conducting business in the territory, say lawyers at Walkers Global.

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