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Transactions UK
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March 18, 2025
Gowling-Led Church Of Scotland Seals £75M Pension Buy-In
The Church of Scotland offloaded £75 million ($97.3 million) of its pension scheme liabilities to London-listed Just Group PLC, the insurer said Tuesday, in a deal guided by Gowling WLG and Burness Paull LLP.
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March 18, 2025
Software Co. Gets CMA's Nod To Buy UK Tech Biz For £207M
The U.K.'s antitrust regulator said Tuesday that it has given the green light to the £207 million ($268 million) acquisition by real estate software maker MRI Software LLC of technology business Capita One Ltd.
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March 18, 2025
Motor Insurer Eyes £5M Share Buyback After Bumper Profits
Motor insurer Sabre said Tuesday that it plans to reward investors with a share buyback program worth up to £5 million ($6.5 million) after reporting its profit almost doubled from 2023.
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March 17, 2025
4 Firms Guide Up To $1.14B Sale Of PE-Backed Biotech
Taiho Pharmaceuticals on Monday announced plans to acquire private equity-backed Swiss biotechnology company Araris Biotech for up to $1.14 billion in a deal built by four law firms.
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March 17, 2025
French Firm Nexans To Sell Industrial Cables Biz For €525M
Paris-based Nexans SA said on Monday that it has agreed to offload its industrial cables subsidiary to a local private equity fund, Latour Capital, for €525 million ($573 million) so that it can focus on energy transition.
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March 17, 2025
UK To Launch Measures To Speed Up Firms' Approval Process
The U.K. government will introduce measures for the Financial Conduct Authority to speed up support for early-stage businesses as part of a broader set of reforms to reduce regulatory impediments to economic growth.
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March 17, 2025
Ashurst-Led Investor To Buy UK Green Fund For £191M
British investment manager Foresight said on Monday that funds it manages have agreed to acquire Harmony Energy Income Trust PLC, a battery storage fund, for £190.8 million ($247.5 million) in a move to add a "highly complimentary" company to its portfolio.
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March 17, 2025
Clifford Chance-Led PE Firm To Sell Subsea Cable In €1B Deal
Swiss-based global private equity firm Partners Group said Monday that it has agreed to sell Greenlink Interconnector to Baltic Cable AB and London-based infrastructure investor Equitix in a deal that values the subsea electricity interconnector at €1 billion ($1.09 billion).
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March 17, 2025
MHA, Quantum Base Plan AIM Flotations In Boost To London
Professional services firm MHA and authentication specialist Quantum Base said separately on Monday that they plan to float on the alternative investment market in a rare double boost to London's struggling capital markets.
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March 17, 2025
Covington-Led AstraZeneca To Buy Belgian Biz For Up To $1B
British-Swedish pharmaceutical giant AstraZeneca PLC said Monday that it has agreed to buy cancer immunotherapy business EsoBiotec in a deal worth up to $1 billion in cash to develop its capabilities in cell therapy.
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March 14, 2025
Market Turbulence Threatens To Stall IPO Recovery
Stock market volatility is impeding a recovery in initial public offerings that market dealmakers hoped would begin by spring, prompting many IPO lawyers and advisers to defer hopes of a rebound until at least the second half of 2025.
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March 14, 2025
UK Ready Meals Maker Sends Back £1.1B Bid From Irish Rival
British ready-to-eat meals maker Bakkavor Group PLC said Friday that it has snubbed an "unsolicited" cash and stock takeover bid worth approximately £1.14 billion ($1.5 billion) from Irish rival Greencore Group PLC.
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March 14, 2025
Weil-Led European PE Shop Wraps €430M Fund
Pan-European private equity shop bd-capital, led by Weil Gotshal & Manges LLP, on Friday announced that it clinched its second fund above target after securing €430 million ($467.6 million) from investors.
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March 21, 2025
Proskauer Adds UK Restructuring Pro From Akin
Proskauer Rose LLP has hired a restructuring and special situations specialist as a partner in its London office, as the U.S.-based firm continues to grow its global finance practice.
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March 14, 2025
3 Firms Rep On $8.5B Crown Castle Fiber Assets Sale
Paul Weiss-advised Crown Castle Inc. has agreed to sell its fiber segment for $8.5 billion in a push to transform the company into a pure-play U.S. tower business, in two deals guided on the buy-side by Kirkland and Simpson Thacher.
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March 14, 2025
Taxation With Representation: Davis Polk, Paul Weiss
In this week's Taxation With Representation, Mallinckrodt PLC and Endo Inc. combine, Rocket Cos. buys Redfin, and Endo divests its international pharmaceuticals business to Knight Therapeutics Inc.
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March 14, 2025
Willkie-Led PE Firm To Buy Stake In UK Insurance Broker
Private equity firm IK Partners has agreed to acquire a minority stake in broker and risk management company Seventeen as it seeks to tap into the U.K. insurance market.
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March 14, 2025
Insurer Ardonagh Buys UK Broker Anderson & Co.
Global insurance broker Ardonagh's SME platform has bought U.K. boutique Anderson & Co. (Holdings) Ltd. and its subsidiary to help bolster its presence in the North of England.
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March 14, 2025
Life Sciences Property Investor To Put Itself Up For Sale
Life Science REIT PLC on Friday announced a review into its future, which will consider putting itself up for sale or winding down, amid concerns about market headwinds and its underperforming share price.
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March 14, 2025
Science Co. Swipes At Rival Board As It Ups Stake By £21.7M
International science and technology consultancy Science Group said Friday that it has increased its stake in Ricardo PLC to over 15% for approximately £21.7 million ($28 million), as it criticized the British rival's leadership for a historical fall in share prices.
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March 14, 2025
UK Litigation Roundup: Here's What You Missed In London
The past week in London has seen J.P. Morgan face action by the founder of Viva Wallet in an ongoing feud over the company's takeover, retailer Next Group contest a claim by the home ware brand owned by private members' club Soho House, and the venue of the Wimbledon Championships sue a local group opposed to its plans to build new tennis courts on protected land in Wimbledon Park.
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March 14, 2025
Greek Firms Steer Bank's €600M Insurer Stake Buy From CVC
Piraeus Financial Holdings SA has signed a deal for its subsidiary to acquire 90% of Ethniki, a Greek insurer, from a fund controlled by CVC Capital Partners for €600 million ($654 million) in a move by the bank to diversify its business.
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March 14, 2025
ECB Greenlights UniCredit To Take 29.9% In Commerzbank
Italian bank UniCredit said Friday that the European Central Bank has given it regulatory permission to buy just under 30% of Commerzbank, a German rival.
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March 13, 2025
6 Firms Steer $6.7B Mallinckrodt, Endo Pharma Merger
Six law firms are guiding a $6.7 billion merger between Ireland's Mallinckrodt PLC and Pennsylvania-based Endo Inc. on a deal announced Thursday that the companies said will create a global pharmaceutical industry leader with projected 2025 revenues of $3.6 billion.
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March 13, 2025
Deliveroo To Return £100M To Investors After Reaching Profit
Food courier Deliveroo PLC on Thursday said it will reward investors by buying back up to £100 million ($130 million) of shares, after it climbed to a profit in 2024.
Expert Analysis
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Where New UK And EU Vertical Agreements Rules Diverge
The lack of alignment between new EU and U.K. rules on vertical agreements is likely to present challenges to multinational businesses, and it would be prudent for legal advisers and companies to bear in mind the most stringent obligations of both, says Robert Bell at Armstrong Teasdale.
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A Look Ahead At What The German M&A Market Holds In Store
Despite signs of a possible recession, there is still significant M&A activity in the German market, with long-term strategic planning, private equity investors, multiparty involvement and even the state all playing an important role, says Michael Ulmer at Cleary.
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Tips For Handling Audio Data In E-Discovery Post-Pandemic
The rise of remote meetings during the COVID-19 pandemic has boosted the volume and importance of audio data in e-discovery — so organizations in highly regulated industries must collect and process that data, and establish complex strategies to manage their audio records, says Jack Bullen at FTI Consulting.
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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.