Transactions UK

  • April 16, 2024

    Software Biz Craneware Further Extends Buyback Program

    Craneware PLC said on Tuesday that it is extending its phased share repurchase program worth up to £5 million ($6.2 million) by another three months.

  • April 15, 2024

    Ex-Autonomy Exec Testifies To Handshake Deals, Backdating

    Autonomy's former U.S. head of sales testified for the prosecution Monday in the criminal fraud trial of founder Michael Lynch, saying he boosted sales figures via "quid pro quo" handshake deals with customers, created pretextual emails to cover his tracks and even backdated a deal to meet revenue targets.

  • April 15, 2024

    UK Trading Platform Marex Eyes US Markets For $300M IPO

    Private equity-backed U.K. trading platform Marex Group PLC launched plans Monday for an estimated $300 million initial public offering, represented by Latham & Watkins LLP and underwriters' counsel Kirkland & Ellis LLP, becoming the latest U.K.-area firm to seek capital from U.S. markets.

  • April 15, 2024

    Allen & Overy Gains Another Milbank Atty In London

    Allen & Overy announced Monday it added an attorney from Milbank to its London office, touting her in-demand expertise representing creditors in restructurings and special situations.

  • April 15, 2024

    No Quid Pro Quo In Thank You Posts, Fired Journalist Says

    A sports journalist fired after publicly thanking a company that was a corporate sponsor of his charity fundraising efforts argued to an employment tribunal Monday that there was "no quid pro quo" that compromised the BBC.

  • April 15, 2024

    AML Exec Loses Bid For Interim Pay In Whistleblowing Case

    The co-founder of a London-based payments platform provider has lost his bid to be paid his £190,000 ($237,000) salary while he pursues a whistleblowing and unfair dismissal claim against the company.

  • April 15, 2024

    Osborne Clarke Guides Chemicals Biz On €27.5M Unit Sale

    Synthomer PLC said Monday it has agreed to sell its latex compounds operations to Matco NV, a Belgian adhesives business, for approximately €27.5 million ($29 million), in a deal advised by Osborne Clarke LLP and European law firms Stibbe and Cadanz.

  • April 15, 2024

    Freshfields-Led CVC Plans €1.25B IPO In Amsterdam

    Private equity giant CVC said Monday that it is planning to list its shares in Amsterdam and raise at least €1.25 billion ($1.3 billion) in a widely anticipated initial public offering guided by Freshfields Bruckhaus Deringer LLP.

  • April 15, 2024

    Italian Cable Giant Prysmian Buying Encore Wire For $4.2B

    Milan-based electric cabling manufacturer Prysmian said Monday it has agreed to purchase McKinney, Texas-based Encore Wire in a transaction with an approximately $4.2 billion enterprise value.

  • April 15, 2024

    Irish Nutrition Biz Agrees To Buy US Peer For Up To $355M

    Glanbia PLC said Monday it has agreed to buy the U.S.-based "complementary" flavor manufacturer Flavor Producers LLC for an initial $300 million, as the sports nutrition product maker looks to tap into a growing market for organic-sourced tastes.

  • April 15, 2024

    BNP Paribas Buys 9% Stake In Insurer Ageas For €730M

    French banking giant BNP Paribas said Monday that its insurance subsidiary has agreed to acquire a 9% stake in Belgian multinational insurer Ageas for approximately €730 million ($777 million) from Chinese conglomerate Fosun Group.

  • April 15, 2024

    WTW Plans £450M Private Equity Long-Term Asset Fund

    Insurance firm WTW said on Monday it plans to launch a new long-term asset fund with £450 million ($560 million) to focus on private equity investments.

  • April 15, 2024

    Outsourcer Mitie Announces £50M Share Buyback Program

    Mitie Group PLC on Monday kicked off an up to £50 million ($62.5 million) share repurchase program in a move to reward investors, as it projected bumper earnings.

  • April 15, 2024

    Dentons-Led Group 1 To Buy Inchcape UK Auto Biz For £346M

    Group 1 Automotive said on Monday that its U.K. subsidiary has agreed to buy out British rival Inchcape PLC for approximately £346 million ($432 million), as the U.S. auto dealer continues its expansion into Britain.

  • April 15, 2024

    Avoiding Legal Pitfalls In M&A Deferred Pricing Deals

    One of the worst markets for M&A dealmaking in a decade has spawned innovative pricing models such as deferred consideration arrangements for buyers and sellers to come to terms, but lawyers warn that these agreements have to be watertight to protect against future litigation.

  • April 12, 2024

    EU Approves Biotech Co. Illumina's Plan To Divest Grail

    European Union antitrust authorities on Friday approved Illumina's plan to sell off Grail, the latest development in a saga that saw the biotech company reverse course and agree to offload the cancer-screening company after authorities claimed the reacquisition was completed "unlawfully."

  • April 12, 2024

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

    This past week in London has seen footwear brand Dr. Martens hit online retailer Temu with a passing off claim, Welsh soccer club Swansea sue its former head coach Russell Martin, Russian diamond tycoon Dmitry Tsvetkov file a claim against his former business Equix Group Ltd., and U.S. bank Omega Financial Corporation hit African oil and gas company Tende Energy with a claim. Here, Law360 looks at these and other new claims in the U.K.

  • April 12, 2024

    Abbott Loses Bid To Nix UK Whistleblowing Case On Appeal

    An appeals tribunal has rejected Abbott Laboratories' bid to escape a whistleblowing case brought by the founders of a British DNA technology business that it bought, concluding on Friday that the founders had an arguable case that U.K. judges had jurisdiction.

  • April 12, 2024

    French Bioscience Biz Raises €3M For New Drug Trials

    NFL Biosciences said Friday it had successfully raised approximately €3.1 million ($3.3 million) by issuing shares to investors to raise cash for new drug trials.

  • April 12, 2024

    SocGen To Sell Moroccan Units To Investment Firm For €745M

    Societe Generale SA said on Friday that it has agreed to sell its Moroccan banking and insurance businesses to private investor Saham Group SA for €745 million ($794 million) as part of its long-term ambition to streamline the company.

  • April 12, 2024

    UK To Probe Norwegian Oil & Gas Data Mega-Merger

    The U.K.'s Competition and Markets Authority said on Friday it has launched an inquiry into the proposed purchase of Norwegian seismic data specialist PGS by a subsidiary of its domestic rival TGS, which supplies data to energy companies.

  • April 12, 2024

    Hansa Biopharma To Raises $34.5M Through Directed Issue

    Hansa Biopharma AB said Friday that it plans to raise 372 million Swedish kronor ($35 million) through selling shares to institutional investors as the company weighs listing in the U.S.

  • April 11, 2024

    Autonomy Became Less Transparent Before Sale, Jury Told

    An ex-market analyst testifying Thursday in a California criminal trial over claims that former Autonomy CEO Michael Lynch duped HP into buying the British company for $11.7 billion told jurors that the company became less forthcoming about some of its accounting a couple of years before the sale.

  • April 11, 2024

    BlackRock Can't Deduct Interest On $4B, London Court Finds

    Financial services firm BlackRock cannot deduct interest on $4 billion in loans it used for the 2009 purchase of Barclays Global Investors because avoiding taxes was the main reason for the way it structured the transaction, a London appeals court ruled Thursday.

  • April 11, 2024

    Deals Rumor Mill: US Steel, Germany's Stada, Paramount

    The DOJ opens a probe into Nippon’s proposed $14.9 billion takeover of US Steel, German drugmaker Stada explores a sale, and Paramount and Skydance are hashing out potential deal terms. Here, Law360 breaks down these and other notable deal rumors from the past week.

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