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Transactions UK
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July 29, 2025
DOJ Drops Challenge Of Amex GBT's $570M Deal For CWT
The U.S. Department of Justice said Tuesday that enforcers have agreed to drop their case challenging American Express Global Business Travel Inc.'s planned $570 million purchase of corporate travel management rival CWT Holdings LLC.
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July 29, 2025
Latham Steers PE-Backed Eco Material On $2.1B Cement Deal
Building materials supplier CRH announced Tuesday it will acquire Eco Material Technologies for $2.1 billion in cash, deepening its presence in North America's fast-growing market for lower-carbon cement alternatives.
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July 29, 2025
Trump Says Britain's Tax On North Sea Oil 'Makes No Sense'
President Donald Trump criticized Tuesday the British government's 78% taxes on North Sea oil as a policy that "makes no sense,"Â a day after speaking with Prime Minister Keir Starmer about trade and other issues.
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July 29, 2025
Bridgehaven Buys Irish Insurer To Enter EU Market
British insurance company Bridgehaven said it is poised to enter the European market after penning an agreement to buy the Irish insurer SureStone Insurance DAC.
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July 29, 2025
Shareholders Of Just Eat Get More Time To Accept €4.1B Offer
Dutch investment group Prosus said Tuesday that it has given the shareholders of Just Eat Takeaway more time to accept its €4.1 billion ($4.7 billion) take-private deal as it waits for the European Commission to clear its antitrust concerns.
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July 29, 2025
Tech Co. Accuses Seller Of Hiding Issues Ahead Of £20M Deal
A group of companies owned by an American technology and security conglomerate has sued the former owner of a company it acquired for more than £20 million ($26.6 million), accusing him of concealing a raft of problems with the business.
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July 29, 2025
Global Insurance M&A Drops To Lowest Level Since 2008
Geopolitical instability, persistent inflation and high interest rates have all contributed to a cautious global insurance market, with mergers and acquisitions activity during the first half of 2025 falling to its lowest since the 2008 financial crisis, according to a new report.
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July 29, 2025
Addleshaw Goddard-Led Card Factory To Buy Rival For £24M
Greeting cards retailer Card Factory said Tuesday it has agreed to acquire rival Funky Pigeon from WH Smith PLC for £24 million ($32 million) in cash to become the second largest online card and attached gift retailer in the U.K.
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July 29, 2025
Kirkland Guides Bridgepoint On German Broker Majority Stake
U.K. private equity firm Bridgepoint said Tuesday that it has penned a deal to acquire a majority stake in German insurance broker Hanseatic Broking Center, in a deal steered by Kirkland & Ellis LLP and Sidley Austin LLP.
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July 29, 2025
Osborne Clarke Guides £37M Pension Deal For Heart Charity
The British Heart Foundation's pension plan has agreed to a £37 million ($49.4 million) full scheme buy-in with mutual life insurer Royal London, consultancy Broadstone said Tuesday.
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July 29, 2025
UK Aussie-Focused Mineral Exploration Biz Launches On AIM
First Development Resources PLC began on Tuesday to trade on London's junior Alternative Investment Market after it raised £2.3 million ($3.1 million) to boost its mineral exploration and mining operations in Australia.
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July 29, 2025
Barclays Plans £1B Share Buyback To Reward Investors
Barclays PLC confirmed on Tuesday plans to reward investors with a share buyback worth up to £1 billion ($1.3 billion), in line with its multibillion-pound capital returns program.
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July 28, 2025
Berlusconi's MFE Boosts ProSieben Takeover Bid To $2.4B
MFE-MediaForEurope said Monday it is raising its offer for ProSiebenSat.1 Media SE, valuing the German broadcaster at roughly €2.01 billion ($2.4 billion) as the Berlusconi family-backed media group seeks to expand its European media footprint.
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August 04, 2025
Travers Smith To Lose Leveraged Finance Head To Goodwin
Goodwin Procter LLP said Monday that it has hired Travers Smith's head of leveraged finance to strengthen its growing private equity practice in London.
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July 28, 2025
Sidara Gets More Time To Make Bid For John Wood
Engineering consultancy Wood Group said Monday that its Asian rival Sidara has been given more time to finalize its approximately £242 million ($324 million) takeover proposal, after the Scottish company missed out on offers of up to £1.6 billion in 2024.
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July 28, 2025
Dentons-Led Bermuda Investment Biz Signs £900M Merger
Bermudian Investor Hansa said Monday that local rival Ocean Wilsons Holdings Ltd. has agreed to accept its all-stock merger offer that will create a company with total net assets of more than £900 million ($1.2 billion).
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July 28, 2025
Ward Hadaway Expands By Acquiring Teesside Law Firm
Ward Hadaway said Monday it has bought commercial law firm Endeavour Partnership to grow its revenue and presence in the northeast of England.
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July 28, 2025
GSK Asks China's Hengrui To Develop 12 Drugs For $12B
Pharmaceutical giant GSK said Monday that it will pay up to $12 billion for Hengrui Pharma of China to develop up to 12 medicines to add to its respiratory, immunology and oncology pipelines.
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July 28, 2025
Freshfields, White & Case, Sidley Guide $3B Vaccine Biz Buy
Private equity firms Nordic Capital and Permira said Monday they will buy Bavarian Nordic for 19 billion Danish kroner ($3 billion) in cash to turn the vaccine developer into a global heavyweight as a private company.
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July 28, 2025
Stibbe Advises Life Science Biz On £2.8M Sale Of Subsidiary
Avacta Group PLC said Monday it will sell its diagnostics business to Indian firm 3B BlackBio Dx Ltd. for up to approximately £2.8 million ($3.8 million), to allow the life sciences company to develop its anti-cancer therapy.
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July 25, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen the owner of a £6 million ($8 million) mansion once rented by Adele sue real estate consultants Strutt & Parker, Romanian-Australian mining investor Vasile Frank Timis bring a claim against reputation and privacy firm Schillings, and a Chinese businessman bring a legal action against his former lawyer over an alleged £12.5 million mortgage fraud.
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July 25, 2025
Taxation With Representation: Weil, Freshfields, Linklaters
In this week's Taxation With Representation, CC Capital and One Investment Management acquire Insignia Financial Ltd., catering giant Compass Group PLC acquires Dutch food and hospitality company Vermaat Groep BV, drugmaker Sanofi acquires biotech company Vicebio, and The Ether Machine launches as a public company.
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July 25, 2025
Slaughter And May-Led Close Brothers To Sell Unit For £104M
British merchant banking group Close Brothers said Friday that it has agreed to sell its subsidiary Winterflood Securities to Marex Group PLC for approximately £103.9 million ($139.7 million) to simplify its portfolio and focus on its core lending business.
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July 25, 2025
UK Prospectus Changes Merely Shifting Diligence Burden
Listed companies will no longer be forced in 2026 to publish demanding documents during most secondary fundraising drives under updated prospectus rules, but lawyers warn this might simply mean that businesses spend more time and money on diligence when they make other disclosures.
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July 25, 2025
Slaughter And May Steers Wood Unit's $135M Sale To Siemens
A subsidiary of Scottish engineer and consultant John Wood Group PLC has agreed to sell its 50% stake in a gas turbine maintenance joint venture to its partner in the company, a unit of Siemens Energy, for $135 million.
Expert Analysis
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What Digital Asset Decisions Mean For Future Disputes
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.
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A Look At UK's 1st Report On Security Regime For Deals
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.
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What EU Changes To Dual Distribution Mean For Franchises
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.
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How ESG Matters Are Influencing M&A Due Diligence Trends
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.
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Changes To UK Competition Rules Will Extend CMA Powers
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.