Transactions UK

  • April 25, 2024

    BHP Bids £31B For Linklaters-Led Rival Miner Anglo American

    BHP Group said Thursday that it has offered to buy out Anglo American in a transaction valuing the British multinational at £31.1 billion ($38.9 billion), as the Australian mining giant looks to bolster its commodities portfolio.

  • April 24, 2024

    Ex-Autonomy GC Tells Jurors He Wanted To Be 'Helpful' To HP

    Autonomy's former U.S. general counsel conceded Wednesday in the criminal trial of former CEO Michael Lynch that he told an HP lawyer he wanted to be as "helpful" as possible to the company as it was investigating Autonomy-related issues that popped up after the Silicon Valley giant purchased the British company, and that he was told he could face liability for his work at Autonomy.

  • April 24, 2024

    SPAC Says Potential £22M Engineering Biz Takeover Scrapped

    Rockpool Acquisitions PLC, a special purpose acquisition company, on Wednesday announced the termination of its planned takeover worth approximately £22 million of Amcomri Group Ltd., saying it will look elsewhere for other deals.

  • April 24, 2024

    CMA Chair Defends Agency's Interventionist Merger Approach

    The chair of the Competition and Markets Authority has defended the U.K.'s antitrust watchdog's aggressive and interventionist attitude, saying it helps drive the country's "economic growth and productivity."

  • April 24, 2024

    UK Eyes Amazon, Microsoft AI Deals For Merger Probes

    The U.K.'s antitrust watchdog said Wednesday it would look into Amazon's $4 billion investment in U.S.-based artificial intelligence startup Anthropic, and Microsoft Corp.'s deals with two other big AI players, to see if they fall under the country's merger control rules.

  • April 24, 2024

    Regulator Says Half Of Retirement Plans Ready For Buyout

    Half of the 5,000-plus defined benefit pension schemes in Britain are expected to have exceeded their estimated buyout funding levels, the Pensions Regulator said Wednesday, giving trustees and employers a chance to reassess their long-term objectives.

  • April 24, 2024

    Osborne Clarke Guides Canada Life's £46M Lexmark Deal

    Insurer Canada Life has agreed to a £46 million ($57 million) buy-in with the pension scheme of printing business Lexmark Holdings Inc. in a transaction guided by Osborne Clarke LLP.

  • April 24, 2024

    Container Giant MSC Offers $700M For Shipping Rival

    A subsidiary of MSC, one of the world's largest container shipping companies, said on Wednesday that it has agreed to buy Gram Car Carriers for 7.6 billion Norwegian kroner ($692 million), in a deal steered by Advokatfirmaet Thommessen AS.

  • April 24, 2024

    GXO Gets UK All-Clear For £762M Bid For Logistics Biz

    GXO Logistics Inc. said Wednesday that the U.K. government has granted national security clearance to its proposed £762 million ($950 million) takeover of British supply-chain group Wincanton PLC.

  • April 24, 2024

    Ithaca Energy Inks £754M Deal For Eni's UK Oil, Gas Sites

    Ithaca Energy has agreed to buy a "substantial" portion of the U.K. oil and gas-producing assets of Eni of Italy for approximately £754 million ($937 million) as the independent operator eyes expansion in the North Sea.

  • April 23, 2024

    Ex-Autonomy Tech Exec Doubted 'Bizarre' $6M Deal, Jury Told

    Autonomy's ex-chief technology officer testified Tuesday in the California federal fraud trial of former CEO Michael Lynch that he had concerns about Autonomy's "bizarre" 2010 deal to sell $6 million in repackaged hardware, which prosecutors allege was never delivered and was only used to artificially inflate Autonomy's revenues.

  • April 23, 2024

    Grain Co.'s $18B Deal Raises Competition Flags For Canada

    Canada's competition enforcer said Tuesday it has concerns over grain and seed supplier Bunge Ltd.'s plan to buy global grain trader Viterra Ltd. in an $18 billion deal, saying the acquisition could result in lower prices paid to farmers and higher prices for refined canola oil.

  • April 23, 2024

    RGL Confirms Woodford Claim Against Hargreaves Lansdown

    RGL Group confirmed Tuesday it is pursuing a fresh claim against investment firm Hargreaves Lansdown over the collapse of Woodford Equity Investment Fund.

  • April 23, 2024

    Weil-Led PE Firm Buys Audio Tech Biz Audiotonix

    French private equity firm PAI Partners said Tuesday that it has agreed to acquire a majority stake in British audio technology business Audiotonix from its rival investment firm Ardian, in a deal guided by Weil Gotshal & Manges LLP.

  • April 23, 2024

    Energy Biz Kistos Completes £25M Buy Of EDF Unit

    Kistos Holdings PLC said on Tuesday that it has completed its £25 million ($31 million) purchase of EDF Energy (Gas Storage) Ltd. after winning the necessary clearance required under national security rules.

  • April 23, 2024

    Oil Biz 88 Energy To Raise $6.3M In Equity In UK, Australia

    Oil and gas explorer 88 Energy said Tuesday that it plans to raise approximately 9.8 million Australian dollars ($6.3 million) with a share placing in London and Australia to help pay for development of major projects.

  • April 23, 2024

    15 Pension Mega-Deals Forecast In Coming Months

    The U.K. pension deals market is set for another record year, with around 15 mega transactions worth up to £30 billion ($37 billion) expected to go ahead in the next few months, a retirement savings consultancy said Tuesday.

  • April 23, 2024

    KKR Pushes Smart Metering Investors To Accept £1.3B Bid

    Private equity giant KKR on Tuesday urged the shareholders of British energy infrastructure company Smart Metering who have not yet accepted its £1.3 billion ($1.6 billion) takeover offer to submit their shares by May 7.

  • April 23, 2024

    Freshfields-Led JD Sports Agrees To Buy US Rival For $1.1B

    JD Sports said on Tuesday that it has proposed to buy U.S. athletic fashion retailer Hibbet Inc. for approximately $1.08 billion as the U.K. sportswear store chain eyes expansion in the American southeast.

  • April 22, 2024

    Freshfields-Led CVC Unveils Range On $1.7B Amsterdam IPO

    European private equity giant CVC Capital Partners PLC, represented by Freshfields Bruckhaus Deringer LLP, on Monday set a price range on initial public offering estimated to raise about €1.6 billion ($1.7 billion), mostly benefiting selling shareholders.

  • April 22, 2024

    Med Tech Founder Denies Deceiving Investors For $20M Sale

    The co-founder of a medical technology business has denied concealing his financial interest in a $20 million deal to purchase shares in his company, claiming he was never told it was important to reveal the seller's identity to the investment company.

  • April 22, 2024

    Tesco Begins £1B Share Buyback Program

    Tesco PLC on Monday announced the rollout of the first chunk of its share repurchase program, worth up to £1 billion ($1.2 billion), as it seeks to cut the size of its outstanding share capital.

  • April 22, 2024

    Travers Smith Steers Doormaker's £788M Bid For UK Rival

    Quanex Building Products Corp. has offered to buy all the shares of door and windows company Tyman PLC for £788 million ($971 million), the companies said Monday, in a deal guided by Travers Smith LLP, Foley & Lardner LLP and Latham & Watkins LLP.

  • April 22, 2024

    Frenkel Topping Acquires North West Law For £2.75M

    Specialist advisory firm Frenkel Topping said Monday that it has acquired North West Law Services Ltd. for £2.75 million ($3.3 million) to expand its activities within the personal injury and clinical negligence advisory market.

  • April 29, 2024

    Clifford Chance Adds Private Capital Pro From Paul Hastings

    Clifford Chance LLP has recruited an investments expert to join its London office as a partner, as the firm looks to add "firepower" to its global financial markets team.

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