Transactions UK

  • January 31, 2024

    Property Developer Five Buys Ibiza Hotel Real Estate For €53M

    Real estate developer Five Holdings said on Wednesday it has bought Spanish company Chioro, which owns a hotel and adjacent land in Ibiza, for €52.8 million ($57.2 million) as part of plans to diversify its portfolio.

  • January 31, 2024

    Vodafone Rejects Iliad's €10.45B Bid To Merge Italian Ops

    French telecommunications company Iliad SA said Wednesday that Vodafone has rejected a sweetened offer to merge their Italian businesses, which would have valued Vodafone Italia SpA at €10.45 billion ($11.31 billion).

  • January 30, 2024

    Banking Giant BBVA To Launch €781M Shares Buyback

    Leading Spanish financial services firm BBVA revealed plans on Tuesday to return up to €781 million ($847 million) to investors through a share buyback program as it reported bumper earnings for 2023.

  • January 30, 2024

    Morrisons Selling 340 Petrol Station Forecourts In £2.5B Deal

    Supermarket chain Morrisons said Tuesday that it will sell almost 340 petrol station forecourts and 400 electric vehicle charging points in Britain to an independent forecourt operator in a £2.5 billion ($3.2 billion) deal advised on by Pinsent Masons.

  • January 30, 2024

    Biotech Investor Shareholders Approve Buy Of Rival's Assets

    RTW Biotech Opportunities Ltd. said on Tuesday that it has won approval from its shareholders to buy rival Arix's assets, worth nearly $284 million excluding liabilities, in a deal guided by Clifford Chance.

  • January 30, 2024

    WilmerHale Adds Int'l Financial Investigations Pro From DWF

    WilmerHale has hired an investigations expert as counsel to the firm's London office, where she will advise both domestic and international clients on complex and cross-border investigations and compliance issues.

  • January 30, 2024

    Italian Insurer Plans €500M Share Buyback After Profits Boost

    Assicurazioni Generali SpA said on Tuesday it is planning a €500 million ($540 million) share buyback scheme to return money to shareholders, built on two strategic acquisitions and the insurance giant's confidence in its financial position. 

  • January 30, 2024

    Eversheds, Keelys Guide Broker Howden On Consultancy Buy

    Insurance giant Howden Group said it has bought AHR Consultancy, a provider of employment law compliance services, in a deal steered by Eversheds Sutherland and Keelys LLP.

  • January 30, 2024

    Renault Puts Brakes On EV Unit Ampere's IPO

    Renault has canceled plans to float its electric vehicle subsidiary Ampere because of slow equity capital markets.

  • January 29, 2024

    2 Firms Steer Flutter's Bid For Additional US Listing

    Shares of sports-betting company Flutter began trading Monday on the New York Stock Exchange following a secondary listing steered by Simpson Thacher & Bartlett LLP and Freshfields Bruckhaus Deringer LLP that could mark Flutter's first step toward moving its primary venue from London to New York.

  • January 29, 2024

    Sidley Austin Advises REIT In IPO To Pay Off $704M

    American Healthcare REIT, a senior housing real estate investment trust based in Irvine, California, said Monday that it would launch an initial public offering to raise enough to pay down $703.8 million in debt, in a transaction advised by Sidley Austin LLP. 

  • January 29, 2024

    Fintech Alpha Group Announces £20M Share Buyback

    Alpha Group International PLC on Monday kicked off a share buyback worth up to £20 million ($23 million), a move expected to lower its outstanding capital.

  • January 29, 2024

    Eversheds, A&O, Sackers Steer £1.4B UK Pension Deal

    A food and drinks packaging company has transferred £1.4 billion ($1.8 billion) of its pension liabilities to an insurer, Rothesay Life, in a transaction steered by Sackers, Eversheds Sutherland, and Allen & Overy.

  • January 29, 2024

    Software Biz AdvT Completes £3.5M Sale of Synaptic

    AdvancedAdvT Ltd., a business that owns software firms, said on Monday it has completed the sale of its business Synaptic Software Ltd. after receiving regulatory approval for the net £3.5 million ($4.5 million) transaction.

  • January 29, 2024

    Pinsent Masons Hires Insurance M&A Pro From Royal London

    Pinsent Masons LLP has hired an insurance deal-maker expert as a partner in its corporate office in London, as the multinational law firm looks to strengthen its financial services team.

  • January 29, 2024

    Dentons-Led Airline Eyes $962M Market Cap With London IPO

    Air Astana said Monday that it expects to achieve a valuation of up to $962 million after disclosing the price range of its securities to be offered in its planned $300 million initial public offering on the London and Kazakhstan stock exchanges.

  • January 29, 2024

    Amazon, IRobot Pull Plug On Deal Due To European Scrutiny

    Amazon and iRobot said Monday they have mutually agreed to terminate their $1.7 billion agreement for the tech giant to acquire the maker of Roomba robot vacuums, noting the deal has "no path to regulatory approval" in the European Union and calling it "a loss for consumers, competition and innovation."

  • January 29, 2024

    COVID Vaccine Maker Completes $16M French Pharma Buyout

    Oxford Biomedica, a U.K. company that helped manufacture the Oxford/AstraZeneca coronavirus vaccine, said on Monday that it has finalized the purchase of a maker of gene-based vaccines for €15 million ($16.2 million), as it seeks to expand production into the European Union.

  • January 29, 2024

    Brown Rudnick Hires Ex-SFO Prosecutor To Head Corp. Crime

    Brown Rudnick LLP has hired a former Serious Fraud Office prosecutor from Jenner & Block LLP to head the international law firm's white-collar crime practice.

  • January 26, 2024

    Cleary-Led SPAC ACG Extends Acquisition Deadline To June

    Blank check company ACG Acquisition Co. Ltd. said Friday that its shareholders have approved an extension of its deadline to acquire a business to the end of June.

  • January 26, 2024

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

    The past week in London has seen Sainsbury’s Supermarkets face patent proceedings over a specific type of mandarin, Alexander Nix, the former chief of Cambridge Analytica, embroiled in further proceedings with Dynamo Recoveries, the sports management arm of Warner Bros raise a red card against crypto exchange Next Hash, and EY targeted in a libel claim by a consultancy firm. Here, Law360 looks at these and other new claims in the U.K.

  • January 26, 2024

    Kirkland Guides PE Firm's $362M Buy Of Emulsifier Biz

    Ingredients maker Corbion NV said Friday that it has agreed to sell its emulsifier business to private equity firm Kingswood for $362 million in a deal guided by Stinson LLP and Kirkland & Ellis LLP.

  • January 26, 2024

    Digital Advertising Firm S4 Starts £2.7M Share Buyback

    S4 Capital PLC announced on Friday the take-off of its share buyback program worth up to £2.7 million ($3.4 million), days after it warned that economic challenges seen in 2023 could persist in the new year.

  • January 26, 2024

    Hogan Lovells Adds White & Case Dispute Duo To Paris Office

    Hogan Lovells has hired two French disputes experts for its Paris office, where the firm expects the team to lend their criminal investigations and compliance expertise to its litigation practice.

  • January 26, 2024

    Auto Retailer To Buy Back Shares Worth Up To £5M

    Motorpoint said on Friday that it will launch a share buyback program worth up to a maximum of £5 million ($6.4 million), as the vehicle retailer looks to return money to shareholders despite issuing a profit warning.

Expert Analysis

  • Changes To UK Competition Rules Will Extend CMA Powers

    Author Photo

    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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