Transactions UK

  • April 09, 2024

    Memery Crystal, Jost Energy Guide Gas Explorer's LSE Float

    Helix Exploration PLC began trading its shares on the junior market of the London Stock Exchange with a market capitalization of £12.2 million ($15.5 million) on Tuesday, a move guided by Memery Crystal and Jost Energy Law.

  • April 09, 2024

    Paul Hastings-Led STG Makes £147M Offer For Software Co.

    Gresham Technologies PLC said on Tuesday it has agreed to an offer from U.S. private equity firm STG Partners LLC to buy the software business for £146.7 million ($185.6 million).

  • April 09, 2024

    HSBC To Take $1B Hit From Sale Of Argentina Unit

    HSBC said Tuesday that it will book a $1 billion loss on the sale of its business in Argentina to local lender Grupo Financiero Galicia, as the London-based bank continues to shift its focus to Asia.

  • April 16, 2024

    Charles Russell Speechlys Hires Banking And Finance Lawyer

    Charles Russell Speechlys LLP has appointed Philip Withey, a lawyer from Womble Bond, as partner in its banking and finance practice in a move the firm believes will boost its business.

  • April 08, 2024

    Czech Firm Says Its Vista Deal Offers Benefits Over Rival Bid

    Czechoslovak Group A.S. on Monday reaffirmed its commitment to its planned $1.9 billion acquisition of Vista Outdoor's sporting products business, which is also being pursued by rival bidder MNC Capital, noting that it has fully committed financing and has already received antitrust clearance from the Federal Trade Commission.

  • April 15, 2024

    Kirkland Hires Leveraged Finance Pro From Allen & Overy

    Kirkland & Ellis LLP has recruited a debt finance specialist from Allen & Overy LLP as it continues to rebuild in the United Kingdom after undergoing a string of departures to rival U.S. law firm Paul Weiss Rifkind Wharton & Garrison LLP in late 2023.

  • April 08, 2024

    Gowling, Osborne Clarke Steer £60M Tech Co. Pension Deal

    Insurer Just Group said Monday it has completed a £60 million ($75.7 million) buy-in of a pension scheme sponsored by technology companies Epson (UK) Ltd. and Epson Europe BV, in a deal guided by Gowling WLG and Osborne Clarke.

  • April 08, 2024

    Green Transition Biz Debuts With £14.5M Market Cap

    European Green Transition PLC began trading its shares on the junior market of the London Stock Exchange on Monday, saying it has a market capitalization of about £14.5 million ($18.3 million).

  • April 08, 2024

    UK Oil Biz To Buy Kazakhstan Energy Co. For $15M

    Caspian Sunrise PLC, an oil and gas exploration and production company based in Kazakhstan, said Monday it has agreed to buy CS Energy LLP, which holds licenses in the West of the central Asian country, for up to $15 million.

  • April 08, 2024

    Biotech Biz Sensorion Raises €15M From Existing Investors

    French biotech firm Sensorion SA said Monday that it has raised €15 million ($16.2 million) through a share offering to existing institutional investors to fund its research and development until the end of 2025.

  • April 08, 2024

    Real Estate Co. Buys Sites For €110M, Sells UK Asset

    Sirius Real Estate, a multinational workspace owner and operator, said Monday that it has finalized four acquisitions in Germany and the U.K. at a price of approximately €110 million ($119 million) as the group seeks to grow in the "highly attractive" regions.

  • April 08, 2024

    Linklaters Guides Cosmetics Biz On €1.25B Raise In EU IPO

    Cosmetics group Puig, which owns the beauty brand Charlotte Tilbury, said on Monday that it plans to raise more than €1.25 billion ($1.35 billion) through a flotation in Spain, in a sign of revival for European equity capital markets.

  • April 15, 2024

    Hill Dickinson Hires 2 Teams From Irwin Mitchell

    Hill Dickinson LLP has recruited two groups of real estate specialists from Irwin Mitchell LLP for its new office in Birmingham after a corporate team made a similar move earlier in the year.

  • April 05, 2024

    Allianz Selling Mid-Size, Entertainment Holdings In $1.4B Deal

    Allianz Group said Friday that its corporate and specialty insurance unit is selling off its U.S. insurance business for midsize corporations and entertainment businesses for $450 million in cash to Arch Insurance North America.

  • April 05, 2024

    Korean Trade Promoter Wins Claim Despite Kickback Bid

    A South Korean trade agency unfairly dismissed a London-based employee of over 20 years — but won't have to pay him a dime after he tried to negotiate a secret commission, an employment tribunal has ruled.

  • April 05, 2024

    Exec Wins £61K After Being Forced To Quit Following Merger

    A bedding company must pay its former managing director £61,000 ($77,000) after it forced him to quit following a merger by backtracking on his benefits under the deal, and blocking him from entering the premises, a tribunal has ruled.

  • April 05, 2024

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

    This past week in London has seen the BBC sued by former Georgian defense minister David Kezerashvili, Russian businessman Ildar Sharipov file a defamation claim against the publisher of the Liverpool Echo newspaper, MEX Group Worldwide sue Barclays and NatWest, and a climbing gear company hit retailer Next with a claim of copyright infringement. Here, Law360 looks at these and other new claims in the U.K.

  • April 05, 2024

    Rothesay Sees 'Unprecedented' Pipeline For Pension Deals

    Pension insurer Rothesay Life said Friday it secured £12.7 billion ($16 billion) in new business premiums across a dozen de-risking retirement savings deals in 2023, with the year ahead marked by an "unprecedented pension risk transfer market pipeline."

  • April 05, 2024

    Allens-Guided Experian To Acquire Peer Illion For $540M

    Experian PLC has agreed to buy Australasian rival credit analyst illion for up to $820 million Australian dollars ($540 million), as the Ireland-based global financial data specialist moves to bolster its presence in the region's growing credit reporting market.

  • April 05, 2024

    Cloud Biz Denies Owing Telecom Execs Over Bad Sale

    A cloud technology business has denied owing directors of a telecommunications company £1.5 million ($1.9 million) left unpaid after it bought their business, claiming the money due is offset by the £2 million it lost from the sale.

  • April 19, 2024

    Fieldfisher Expands Pensions Practice With 4 PwC Hires

    European law firm Fieldfisher LLP has announced it is bolstering its U.K. pensions practice by hiring a partner, two directors and an associate from PwC UK.

  • April 05, 2024

    French Shipping Giant's £605M Offer For Wincanton Lapses

    Wincanton PLC said on Friday that an attempt by Ceva Logistics, a subsidiary of French shipping giant CMA CGM SA, to buy the British supply chain group for £605 million ($764 million) has expired.

  • April 05, 2024

    US Food Processor JBT Preps €3.5B Bid For Icelandic Rival

    Food-processing technology giant JBT Corp. said on Friday that it plans to make a recommended €3.5 billion ($3.8 billion) offer for Icelandic rival Marel HF in May.

  • April 04, 2024

    Novo Holdings, Catalent Reset Review Clock On $16.5B Deal

    Novo Nordisk Foundation has given the Federal Trade Commission more time for an initial review of Novo Holdings' plan to acquire Catalent in a deal that values the pharmaceutical services company at $16.5 billion.

  • April 04, 2024

    Mayer Brown Adds Former KPMG Tax Specialist In London

    Mayer Brown has added a former KPMG tax professional to its London office to advise clients on asset management and fund matters in the U.S., Europe and the Middle East, the firm announced.

Expert Analysis

  • Why Int'l Investors Should Keep An Eye On German M&A Regs

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    While German reform proposals will digitize corporate law formalities that have long been immune to change, international limitations remain, particularly for countries outside the European Union, as Germany moves to tighten regulatory hurdles to control inbound investment, say Marcus Geiss and Sonja Ruttmann at Gibson Dunn.

  • CMA Review Could Help Shape UK's AI Landscape

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    The Competition and Markets Authority's recent review of the U.K. market for artificial intelligence foundation models is likely to feed into its recommendations concerning future legislative and regulatory changes, but may be overtaken by fast-changing developments, say lawyers at Cooley.

  • Microsoft Takeover Shows The Need For EU-UK Cooperation

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    The differing European Commission and U.K. Competition and Markets Authority outcomes regarding Microsoft's planned acquisition of Activision Blizzard demonstrate the need for better cooperation in the post-Brexit era, but the regulators still follow a rigorous approach and ultimately convergence may prevail over divergence, say Salomé Cisnal de Ugarte and Raphaël Fleischer at King & Spalding.

  • The Potential Benefits Of New EU Merger Control Rules

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    The core objective of a newly adopted EU Commission package is to simplify merger review procedures, which is an evolution that is more than welcome, especially in light of the very recent regulation on foreign subsidies that imposes additional burdens on M&A transactions, say lawyers at McDermott.

  • Growing EU Scrutiny Increases Hurdles For Foreign Investors

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    The application of the EU Foreign Subsidies Regulation from July will bring further oversight to many large deals, and together with bolt-on strategies, foreign investment regulation and antitrust enforcement, financial sponsors will need to start planning for compliance to avoid potential delays, say Anna Mitchell and Neil Hoolihan at Linklaters.

  • How The New UK Digital Markets Bill Will Affect CMA's Powers

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    The highly anticipated U.K. Digital Markets, Competition and Consumers Bill sets out far-reaching changes in terms of merger control and conduct requirements, but some are skeptical of the Competition and Markets Authority’s enhanced powers and potential for divergence in treatment between firms, say Ben Chivers, Stephen Whitfield ​​​​​​​and Nigel Seay at Travers Smith.

  • M&A Considerations For European Cos. Acquiring US Entities

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    As investment banks forecast a resurgence of mergers and acquisitions later this year, European companies seeking to acquire U.S. businesses should be aware of key procedural differences and federal regulatory requirements that will affect the process, timing and terms of the transaction, say attorneys at Mintz.

  • A Review Of The EU FDI Screening Regulation And Its Scope

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    The EU advocate general’s recent broad interpretation of the EU Foreign Direct Investment Screening Regulation takes account of some of the geopolitical challenges faced by the bloc, and may foreshadow a revision of the regulation and widen the scope of investments screened, say Vassilis Akritidis and Jean-Baptiste Blancardi at Crowell & Moring.

  • Key Takeaways From EU Proposal For Greenwashing Rules

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    If the proposal for a Green Claims Directive, with its enhanced rules on claims about a product or trader's environmental impact, is adopted, it will affect all businesses selling their products in the EU and bring major changes to the way those products are packaged and advertised, say attorneys at Shearman.

  • UK Investment Screening Inches Closer To US Regime

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    The recent agreement between the U.K. Cabinet Office and House of Commons concerning parliamentary scrutiny of the Investment Security Unit represents a step toward greater transparency of intervention in investments that may raise national security concerns, and underscores increasing alignment with the U.S. regime, say attorneys at Hogan Lovells.

  • UK Ruling Offers Useful Guidance To Insolvency Practitioners

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    The recent U.K. High Court ruling in a matter involving Sova Capital represents the first unsecured credit bid to be approved by an English court, demonstrating a pragmatic approach to complex sanctions-related administrations and identifying a novel solution for insolvency practitioners to maximize value for the benefit of creditors, say attorneys at Katten.

  • Opinion

    Thomas Report Is Final Straw — High Court Needs Ethics Code

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    As a recent report on Justice Clarence Thomas' ongoing conflicts of interest makes evident, Supreme Court justices should be subject to an enforceable and binding code of ethics — like all other federal judges — to maintain the credibility of the institution, says Erica Salmon Byrne at Ethisphere.

  • Ofwat's New Guidance For Water Projects: Key Takeaways

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    While increased competition is a laudable aim, the U.K. Water Services Regulation Authority's introduction of direct procurement for customers by default for projects above a size threshold could have ramifications for the financial stability of the companies delivering major water infrastructure, say Jennifer Charles and Marianne Anton at Watson Farley.

  • Court Ruling Strengthens EU Stance On Non-Notifiable M&A

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    The recent European Union Court of Justice's decision in Towercast can be seen as part of a pattern of increasingly rigorous scrutiny of M&A, and provides scope for greater intervention by national competition authorities on acquisitions by dominant companies that do not meet the EU or national merger control thresholds for notification, say attorneys at Herbert Smith.

  • How Changes To 'Acting In Concert' Will Affect UK Takeovers

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    The recent changes made to the rules by the U.K. Takeover Panel on who is presumed to be acting in concert will be of most interest to parties proposing to make a bid for a U.K. listed company, and give welcome clarity as to how the U.K. takeover regime operates, say attorneys at Herbert Smith.

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