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Transactions UK

  • July 07, 2025

    Aussie Miner Accepts Revised $150M Bid From UK Rival

    U.K. miner Central Asia Metals said Monday that the board of Australian rival New World Resources Ltd. has accepted its sweetened bid of approximately 230 million Australian dollars ($150 million), ditching a competing offer from a Canadian private equity firm.

  • July 07, 2025

    PRA Flags Risks In Pension Deals Over Solvency Clauses

    The regulatory arm of the Bank of England has warned the insurance industry that certain clauses in the terms of bulk purchase annuity transactions could expose them to risks totaling approximately £50 billion ($68 billion).

  • July 07, 2025

    Freshfields-Led South32 To Sell Nickel Mine For Up To $100M

    Australian mining and metals company South32 Ltd. said Monday it has agreed to sell its ferronickel operations in Colombia to a subsidiary of global conglomerate CoreX Holding BV for a maximum of $100 million in cash to concentrate on its copper and zinc projects.

  • July 07, 2025

    US Payments Biz Gets Extension To Bid For UK Fintech

    U.K. financial services provider Alpha Group International PLC said Monday that it has extended the deadline for potential buyer Corpay Inc., to weigh making a firm offer, following "constructive discussions" with the U.S. business payments company.

  • July 07, 2025

    Capgemini To Buy Tech Biz WNS For $3.3B In AI Expansion

    French consultancy Capgemini SE said Monday that it will buy technology outsourcing specialist WNS for $3.3 billion in cash to boost its artificial intelligence services.

  • July 07, 2025

    Glencore Begins $1B Share Buyback Program

    Glencore PLC kicked off a program to repurchase shares of up to $1 billion on Monday, a move aimed at lowering its outstanding share capital.

  • July 07, 2025

    Energy Biz Pantheon Raises $16.25M For Alaska Oil Projects

    Pantheon Resources PLC said Monday that it has raised $16.25 million in a conditional equity sale, as the energy firm plans to use the cash to back its operations in Alaska.

  • July 04, 2025

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

    The past week in London has seen the owner of Crystal Palace and the troubled Olympique Lyonnais football clubs sue its current chief executive John Textor, Fieldfisher faces a claim by Georgian businessman Zaza Okusahvili, and a dispute partner at Travers Smith file a personal injury claim against the firm.

  • July 04, 2025

    Ankle Tag Investors Deny £320M Conspiracy With Sacked CEO

    Investors in a company which makes ankle tags have denied a £320 million ($437 million) claim that they conspired with the business's ousted chief executive to unlawfully profit from share sales.

  • July 04, 2025

    Finnish Digital Services Biz Eyes Space Sector With €41M Buy

    Digital transformation company Gofore said Friday that it has agreed to acquire a Finnish technology and design business, Huld, for approximately €41 million ($48 million) in a cash-and-stock deal, marking its entrance into the space industry.

  • July 04, 2025

    Ex-Jones Day Partner Faces SDT Over Evidence Destruction

    A former private equity partner at Jones Day has been referred to a disciplinary tribunal after a London court held him in contempt of court for instructing an IT manager to delete a secure messaging app, the Solicitors Regulation Authority has said.

  • July 04, 2025

    Air France-KLM Aims For Control Of SAS With Majority Stake

    Air France-KLM said Friday that it plans to increase its stake in Scandinavian airline SAS to 60.5% by acquiring a 32% interest from investment manager Castlelake LP and another 8.6% from Lind Invest ApS.

  • July 04, 2025

    UK Antitrust Watchdog Probes Planned £1.8B Deal For Assura

    The Competition and Markets Authority issued a call on Friday for responses to the £1.79 billion ($2.44 billion) planned takeover by Primary Health Properties of rival NHS landlord Assura PLC, fresh off the end of a bidding war.

  • July 04, 2025

    Sidley, A&O Shearman Steer Athora's £5.7B Pensions Biz Buy

    Retirement group Athora Holding Ltd. will buy U.K. buyout specialist Pension Insurance Corp. for £5.7 billion ($7.8 billion) from an investment consortium, the companies have confirmed, a transaction that will create an insurance savings heavyweight in Europe.

  • July 03, 2025

    CMA To Review Global Payments' $24.2B Worldpay Deal

    British competition officials said this week that they were beginning their initial evaluation of Global Payments Inc.'s plans, unveiled earlier this year, to purchase payments giant Worldpay from GTCR and FIS for $24.25 billion.

  • July 03, 2025

    Citgo, Castrol Field Billion-Dollar Bids, And More Deal Rumors

    Vitol submitted a more than $10 billion bid to buy the parent of Venezuela-owned U.S. refiner Citgo Petroleum, according to Wednesday reports, but subsequent news indicated that it might not be enough to beat out the competition. Castrol, which is BP's lubricant arm, is also running an auction process, with private equity firm Clayton Dubilier & Rice reportedly emerging as one of the latest bidders. 

  • July 03, 2025

    UK Insurance Agency M&A Down 35% In 1st Half

    The pace of domestic mergers and acquisitions in the U.K. insurance market slowed down considerably in the first half of 2025, making it the slowest six-month period for M&A activity in the sector since the first half of 2019, a financial services consultancy said Thursday.

  • July 03, 2025

    Fasken Martineau, Orrick Guide Rare Earth Biz's Merger, Float

    Mkango Resources Ltd., a miner of rare earth elements, said Thursday that it has agreed to merge its subsidiary Lancaster Exploration Ltd. with a Cayman Islands-based blank-check company to list it on the Nasdaq stock exchange.

  • July 03, 2025

    Athora Eyes Stake In Pension Insurance Corp. In £5.7B Deal

    Luxembourg investor Reinet said Thursday that retirement group Athora has approached it to buy its 49.5% stake in Pension Insurance Corp. in a deal that values the U.K. buyout specialist at £5.7 billion ($7.8 billion).

  • July 03, 2025

    Nigerian Bank Owner Plots $100M Share Offer, London Listing

    Guaranty Trust Holding Co., the parent of Nigerian lender GTBank, said Thursday that it aims to raise $100 million in a sale of new shares to recapitalize the bank to a level required by regulation, and to list the shares on the London Stock Exchange.

  • July 03, 2025

    Investor EQT To Acquire Stake In Life Sciences Products Biz

    Swedish investor EQT Group said Thursday that its healthcare business has agreed to acquire a majority stake in life sciences research company Europa Biosite. 

  • July 03, 2025

    Pinsent Masons-Led Chesnara To Buy HSBC Life For £260M

    British pensions company Chesnara PLC said Thursday it has agreed to acquire the specialist life protection and investment bond provider of banking giant HSBC for £260 million ($355 million) to give the group a "material step up in scale."

  • July 03, 2025

    Italy Clears Monte Dei Paschi's €13.3B Mediobanca Deal

    Italian lender Monte dei Paschi has said that the country's competition authority has given the green light to its €13.3 billion ($15.7 billion) proposed takeover of rival Mediobanca SpA.

  • July 02, 2025

    FisherBroyles Grows London Footprint With New Lawyer Hire

    FisherBroyles LLP said it has grown its presence in London with the addition of a transactional and disputes lawyer who has a cross-border background in advising clients on energy, infrastructure and commercial matters around Europe, the Asia-Pacific and the Middle East.

  • July 02, 2025

    Ingersoll Rand Buys Italy's Termomeccanica For $188M

    Ingersoll Rand Inc. has acquired Termomeccanica Industrial Compressors SpA and its subsidiary Adicomp SpA in a €160 million ($188 million) deal aimed at expanding its presence in the renewable natural gas and industrial compressor markets.

Expert Analysis

  • Anticipating A Shift In CMA Merger Control Enforcement

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    As the Competition and Markets Authority outlines plans to put the U.K. government's growth objectives into action, the changes may well pave the way for a more permissive outlook for review of mergers and acquisitions in the U.K., say lawyers at A&O Shearman.

  • Saxon Woods Ruling Tightens Rules On Director Good Faith

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    The recent Court of Appeal judgment in Saxon Woods v. Costa departs from the High Court's ruling, clarifying that a director's sincere belief they have acted in the company’s best interests is not sufficient to satisfy the statutory requirement to act in good faith, say lawyers at Covington.

  • Key Takeaways As EU And UK Impose New Russia Sanctions

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    The European Union and U.K.’s new sanctions on Russia, designating increasing numbers of non-Russian companies in the defense and shipping sectors, mean that organizations must examine from the outset whether a transaction has any nexus with the EU or the U.K., say lawyers at Sullivan & Cromwell.

  • What New FCA Private Stock Market System Could Offer Cos.

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    While the Financial Conduct Authority’s new secondary private stock market system will bring more control and less ongoing regulatory compliance than a public market, but because the regime grants a significant degree of flexibility to operators it may be some time before a full operational picture emerges, says Iain Wright at Morgan Lewis.

  • EU Telecom Merger Ruling Unveils Foreign Subsidies Analysis

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    The European Commission’s recent publication of its decision approving e&’s acquisition of certain portions of PPF Telecom Group reveals its approach toward and procedural expectations for the European Union’s Foreign Subsidies Regulation, offering valuable guidance on how the commission will conduct future investigations, say lawyers at Goodwin.

  • What EU 'Killer Acquisition' Study Means For Pharma Deals

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    The European Commission’s recent study of pharmaceutical companies' acquisitions of emerging competitive threats, the first of its kind globally, has important implications for the industry, and may lead to increased awareness of merger control risks in collaborative agreements, say lawyers at Paul Weiss.

  • Tools For Effective Asset Tracking In Offshore Jurisdictions

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    In light of a technology company's recent allegations that its former CEO maintained an undisclosed interest in offshore companies, practitioners may want to refresh their knowledge of the tool kit available for tracing and recovering allegedly misappropriated assets from both onshore and offshore jurisdictions, say lawyers at Walkers Global.

  • FCA Update Eases Private Stock Market Disclosure Rules

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    The Financial Conduct Authority’s recently updated proposals for the Private Intermittent Securities and Capital Exchange System would result in less onerous disclosure obligations for businesses, reflecting ongoing efforts to balance an attractive trading venue for private companies while maintaining sufficient investor protections, say lawyers at Debevoise.

  • FCA Bulletin Highlights Risks Of Leaking Inside M&A Info

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    The Financial Conduct Authority’s recent bulletin on the consequences of leaking sensitive information during transactions, warning that such disclosure may result in market abuse allegations, demonstrates the regulator’s determination to root out and penalize insider dealing, say lawyers at Cadwalader.

  • How CMA Is Responding To UK Gov't Pro-Growth Agenda

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    With the U.K. government’s recent call for the Competition and Markets Authority and other regulators to better support economic growth, the competition policy landscape is shifting materially toward an emphasis on a more proportionate and targeted approach to merger enforcement, say lawyers at Macfarlanes.

  • What Latest VC Model Document Revisions Offer UK Investors

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    Recent updates to the British Private Equity and Venture Capital Association model documents, reflecting prevailing U.K. market practice on early-stage equity financing terms and increasing focus on compliance issues, provide needed protection for investors in relation to the growth in global foreign direct investment regimes, say lawyers at Davis Polk.

  • What Cos. Must Note From FCA Bulletin On Leaking M&A Info

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    The Financial Conduct Authority’s recent bulletin on strategic leaks in merger and acquisition transactions, as the second such publication in four months, acts as a warning for issuers and their advisers to tighten up their current policies for handling inside information, say lawyers at Herbert Smith.

  • Key Takeaways From The 2025 Spring Antitrust Meeting

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    Leadership changes, shifting priorities and evolving enforcement tools dominated the conversation at the recent American Bar Association Spring Antitrust Meeting, as panelists explored competition policy under a second Trump administration, agency discretion under the 2023 merger guidelines and new frontiers in conduct enforcement, say attorneys at Freshfields.

  • What To Know About FCA's UK Listing Rules Proposal

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    A recent consultation paper from the Financial Conduct Authority aims to streamline the securities-listing process for U.K.-regulated markets, including by allowing issuers to submit a single application for all securities of the same class, and aligning the disclosure standards for low-denomination and wholesale bonds, say lawyers at Debevoise.

  • Issues To Watch At ABA's Antitrust Spring Meeting

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    Attorneys at Freshfields consider the future of antitrust law and competition enforcement amid agency leadership changes and other emerging developments likely to dominate discussion at the American Bar Association's Antitrust Spring Meeting this week.

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