Transactions UK

  • April 25, 2024

    Rubrik Leads Trio Of IPOs That Buoy Recovering Market

    Three companies debuted trading Thursday following initial public offerings that raised nearly $1.4 billion combined under guidance from six total law firms, including two offerings that priced above range by data security firm Rubrik and aerospace company Loar, providing fresh energy for a strengthening IPO market.

  • April 25, 2024

    UK Antitrust Arm Frontloads In-Depth Merger Probes

    U.K. antitrust authorities finalized extensive changes Thursday to their in-depth merger probes, with an emphasis on frontloading the process for sooner — and more informal — talks with companies under investigation.

  • April 25, 2024

    Pharma R&D Biz Set To Exit London Market

    Pharmaceutical development specialist C4X Discovery Holdings PLC is set to delist from the London Stock Exchange on Friday, as it looks to go private to raise more funds amid concerns about the regulatory "burden" linked to its junior market.

  • April 25, 2024

    Kirkland Guides $2.7B PE Deal For Wealth Management Tech

    U.S. private equity firm GTCR said Thursday it has agreed to buy AssetMark, a prominent wealth management technology platform, for approximately $2.7 billion, as the U.S. private equity firm moves to strengthen its presence in the sector.

  • April 25, 2024

    Reed Smith Guides Titan's £77M London Property Buy

    Derwent London PLC said on Thursday it has sold its London property Turnmill EC1 for £77.35 million ($97 million) to British investment manager Titan Investors, which was represented by Reed Smith LLP.

  • May 02, 2024

    RPC Hires 4-Lawyer Risks Team From Mayer Brown

    Reynolds Porter Chamberlain LLP has boosted its professional liability disputes and regulatory offering with the hire of four specialists from Mayer Brown LLP to its office in London.

  • April 25, 2024

    Wachtell Steers Perrigo In €275M Unit Sale To Pharma Biz

    Healthcare company Perrigo said Thursday that it has agreed to sell its pharmaceutical division for rare diseases to pharmaceutical company Esteve Healthcare SL for €275 million ($295 million) in a deal guided by Wachtell Lipton Rosen & Katz and Clifford Chance LLP.

  • April 25, 2024

    AIM-Listed Mineral Co. Eyes £19M Merger With Gold Miner

    Ariana Resources PLC said Thursday it has agreed to an all-share merger worth £19.4 million ($24.3 million) with Rockover Holdings Ltd., a Zimbabwe-focused gold miner, as the London-listed mineral explorer aims to expand its presence in Africa.

  • April 25, 2024

    Hipgnosis Ditches Blackstone Bid For Concord's $1.5B Offer

    Hipgnosis Songs has accepted a revised offer from its U.S. competitor Concord Chorus to buy the music rights investor for $1.5 billion, ditching Blackstone's $1.2 billion offer just days after accepting the private equity giant's deal.

  • May 02, 2024

    Travers Smith To Lose 2 Private Equity Partners To Goodwin

    Goodwin Procter LLP said on Thursday that it has recruited two private equity specialists from Travers Smith LLP as the U.K. law firm battles to regain its footing after its partner losses hit double digits in 2023.

  • 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.

Expert Analysis

  • 4 Ways M&A Deals Are Changing

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    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.

  • Opinion

    Law School Admissions Shouldn't Hinge On Test Scores

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    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.

  • How Market Challenges Are Affecting Deal-Making Trends

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    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.

  • What Digital Asset Decisions Mean For Future Disputes

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    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.

  • A Look At UK's 1st Report On Security Regime For Deals

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    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.

  • What EU Changes To Dual Distribution Mean For Franchises

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    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.

  • How ESG Matters Are Influencing M&A Due Diligence Trends

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    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.

  • Changes To UK Competition Rules Will Extend CMA Powers

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    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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