Transactions UK

  • March 07, 2024

    Spain's Iberdrola Lobs $2.5B Bid For Rest Of Avangrid

    Spanish renewable energy company Iberdrola SA has proposed to take its portfolio company, sustainable energy company Avangrid, private by purchasing the remaining issued and outstanding shares it does not already own in a $2.48 billion deal, according to Thursday statements from the parties.

  • March 07, 2024

    SME Loans Biz Reveals £25M Buyback To Boost Stock Price

    Funding Circle Holdings PLC on Thursday said it will launch a share buyback program worth up to £25 million ($32 million), in a move to boost its "undervalued" stock.

  • March 07, 2024

    Warner Music To Make €1.7B Offer For France's Believe

    U.S.-based entertainment conglomerate Warner Music Group on Wednesday confirmed that it has expressed interest in acquiring Believe SA in a deal that could value the French digital music company at approximately €1.65 billion ($1.8 billion).

  • March 07, 2024

    Avoiding IP Pitfalls During 'Build To Buy' Deals In Biotech

    Pharmaceutical companies considering whether to enter into transactions to fund, guide and eventually buy biotech innovations must protect themselves by considering all possible scenarios that could lead to an intellectual property dispute before signing the deal, lawyers caution.

  • March 07, 2024

    HSS Sells 2 Power Generator Firms For £23M To Cut Debt

    HSS said Thursday that it has sold two power generator companies to CES Global, a U.S. company that provides portable power for large events, together for £23.25 million ($30 million).

  • March 07, 2024

    UK Watchdog Probes Utility's £89M Water Biz Acquisition

    Britain's antitrust authority on Thursday said it is launching a probe into water and energy utility company Pennon Group PLC's proposed approximately £89 million ($113 million) acquisition of Sumisho Osaka Gas Water UK Ltd. from two Japanese firms.

  • March 07, 2024

    Dentons-Led Miner Puts $3.7B Russia Exit To Shareholders

    Anglo-Russian precious metals producer Polymetal International PLC said Thursday that it is seeking shareholders' approval to sell all its Russian mining assets to a Siberian gold miner for $3.7 billion, as it looks to comply with international sanctions after the 2022 invasion of Ukraine.

  • March 07, 2024

    Aviva Kicks Off £300M Buyback After 'Strong Performance'

    Aviva PLC said Thursday that it will reward investors with a share buyback worth up to £300 million ($383 million), as it reported a rise in its premiums and operating profit.

  • March 07, 2024

    Slaughter & May Advises Nationwide's £2.9B Virgin Money Bid

    Nationwide Building Society said Thursday that it plans to buy Virgin Money UK in a £2.9 billion ($3.7 billion) cash deal that would create the second-largest mortgage and savings provider in Britain.

  • March 06, 2024

    Sports Illustrated Betting Platform To Be Shut Down

    The turmoil at Sports Illustrated continued Wednesday as its partner 888 Holdings PLC announced that it was terminating its sportsbook agreement with the brand's parent company, saying the scale of operating costs in the United States has made the venture untenable.

  • March 06, 2024

    PE Firm Continues Shedding Stake In Ads Biz For £47M

    An investment company backed by private equity firm Apax Partners said Wednesday that it has diluted its stake in online classifieds group Baltic Classifieds Group PLC and raised £47.3 million ($60.2 million) in the process.

  • March 06, 2024

    Freshfields, Wachtel Advise GXO's Bid For UK Peer In Court

    U.S.-based logistics company GXO Logistics Inc. said Wednesday that it will now proceed with the £762 million ($970 million) takeover of British supply chain group Wincanton PLC by way of a so-called scheme of arrangement under court supervision.

  • March 06, 2024

    MoFo-Led Building Materials Biz To Buy Supplier For $300M

    Breedon said Wednesday that it has agreed to buy U.S. concrete supplier BMC Enterprises Inc. for $300 million, as the U.K. construction materials group eyes continued expansion into the Stateside market.

  • March 06, 2024

    AIB To Return €1.7B To Shareholders, Including Irish State

    Irish lender AIB said Wednesday that it plans to return €1.7 billion ($1.8 billion) to shareholders, including the Irish state, to reduce the government's crisis-era bailout stake in the bank.

  • March 06, 2024

    Blackstone, Thomson Reuters Sell £1.4B Shares In LSE Owner

    A consortium including Blackstone Inc. and Thomson Reuters Corp. has sold off £1.4 billion ($1.8 billion) worth of shares in the London Stock Exchange Group, Citigroup, which is acting as a bookrunner, said Wednesday.

  • March 05, 2024

    Hiscox Rolls Out 1st Tranche Of $150M Buyback Program

    Insurer Hiscox Ltd. on Tuesday started the first part of its share repurchase scheme worth up to a total $150 million, as it posted a record pretax profit.

  • March 05, 2024

    EQT Lands $3.3B For Climate And Health Investments

    Swedish private equity giant EQT, advised by Kirkland & Ellis LLP, on Tuesday announced that it clinched its EQT Future Fund after securing €3 billion ($3.3 billion) in commitments, which will be used to invest across the climate and nature and health and well-being sectors.

  • March 05, 2024

    Man Group To Kick Off $50M Buyback

    Global investment company Man Group PLC said Tuesday that it will buy up to $50 million of its shares in its latest share buyback program over 12 months to decrease the number of its shares in the open market.

  • March 05, 2024

    Shipping Giant Unit Won't Up Bid For Wincanton

    CEVA Logistics said Tuesday that it will not increase its final offer of around £605 million ($767 million) for supply chain group Wincanton PLC after GXO Logistics submitted a competing bid.

  • March 05, 2024

    Disruptor Bank Monzo Valued At $5B After $430M Fund Raise

    Monzo Bank Ltd. said Tuesday that it has raised $430 million in its latest funding round, boosting the valuation of the British challenger bank to $5 billion as it eyes accelerating expansion.

  • March 05, 2024

    Industrial Parts Biz Rotork Announces £50M Buyback

    Rotork said on Tuesday that it will launch a share buyback program worth up to £50 million ($63.5 million) and raise its dividend, boosting its rewards to investors after a strong financial performance in 2023.

  • March 05, 2024

    Fried Frank Guides Viavi's £1B Deal For UK Rival

    Communications group Viavi said on Tuesday it has agreed to buy telecom testing specialist Spirent for around £1 billion ($1.26 billion) to strengthen its artificial intelligence expertise and wireless infrastructure work.

  • March 05, 2024

    Ex-Autonomy Chief Settles SFO Claim Over DOJ Fraud Case

    Mike Lynch has settled his claim against the Serious Fraud Office that demanded the watchdog turn over information on him over concerns that U.S. authorities sought international assistance to avoid running out of time to charge him for fraud, his spokesperson said Tuesday.

  • March 05, 2024

    UK Group Action Firms Merge To Create KP Law

    Keller Postman UK Ltd. and Lanier Longstaff Hedar & Roberts LLP said Tuesday that they have merged to form a law firm specializing in collective redress, KP Law Ltd.

  • March 04, 2024

    FERC Slams Brakes On $1.1B Bridgepoint-ECP Deal

    The Federal Energy Regulatory Commission has blocked U.K. asset manager Bridgepoint Group PLC's proposed £835 million ($1.1 billion) purchase of Energy Capital Partners LP, saying the companies haven't shown the merger wouldn't affect competition in U.S. electricity markets.

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