Transactions UK

  • April 16, 2024

    Charles Russell Speechlys Hires Banking And Finance Lawyer

    Charles Russell Speechlys LLP has appointed Philip Withey, a lawyer from Womble Bond, as partner in its banking and finance practice in a move the firm believes will boost its business.

  • April 08, 2024

    Czech Firm Says Its Vista Deal Offers Benefits Over Rival Bid

    Czechoslovak Group A.S. on Monday reaffirmed its commitment to its planned $1.9 billion acquisition of Vista Outdoor's sporting products business, which is also being pursued by rival bidder MNC Capital, noting that it has fully committed financing and has already received antitrust clearance from the Federal Trade Commission.

  • April 15, 2024

    Kirkland Hires Leveraged Finance Pro From Allen & Overy

    Kirkland & Ellis LLP has recruited a debt finance specialist from Allen & Overy LLP as it continues to rebuild in the United Kingdom after undergoing a string of departures to rival U.S. law firm Paul Weiss Rifkind Wharton & Garrison LLP in late 2023.

  • April 08, 2024

    Gowling, Osborne Clarke Steer £60M Tech Co. Pension Deal

    Insurer Just Group said Monday it has completed a £60 million ($75.7 million) buy-in of a pension scheme sponsored by technology companies Epson (UK) Ltd. and Epson Europe BV, in a deal guided by Gowling WLG and Osborne Clarke.

  • April 08, 2024

    Green Transition Biz Debuts With £14.5M Market Cap

    European Green Transition PLC began trading its shares on the junior market of the London Stock Exchange on Monday, saying it has a market capitalization of about £14.5 million ($18.3 million).

  • April 08, 2024

    UK Oil Biz To Buy Kazakhstan Energy Co. For $15M

    Caspian Sunrise PLC, an oil and gas exploration and production company based in Kazakhstan, said Monday it has agreed to buy CS Energy LLP, which holds licenses in the West of the central Asian country, for up to $15 million.

  • April 08, 2024

    Biotech Biz Sensorion Raises €15M From Existing Investors

    French biotech firm Sensorion SA said Monday that it has raised €15 million ($16.2 million) through a share offering to existing institutional investors to fund its research and development until the end of 2025.

  • April 08, 2024

    Real Estate Co. Buys Sites For €110M, Sells UK Asset

    Sirius Real Estate, a multinational workspace owner and operator, said Monday that it has finalized four acquisitions in Germany and the U.K. at a price of approximately €110 million ($119 million) as the group seeks to grow in the "highly attractive" regions.

  • April 08, 2024

    Linklaters Guides Cosmetics Biz On €1.25B Raise In EU IPO

    Cosmetics group Puig, which owns the beauty brand Charlotte Tilbury, said on Monday that it plans to raise more than €1.25 billion ($1.35 billion) through a flotation in Spain, in a sign of revival for European equity capital markets.

  • April 15, 2024

    Hill Dickinson Hires 2 Teams From Irwin Mitchell

    Hill Dickinson LLP has recruited two groups of real estate specialists from Irwin Mitchell LLP for its new office in Birmingham after a corporate team made a similar move earlier in the year.

  • April 05, 2024

    Allianz Selling Mid-Size, Entertainment Holdings In $1.4B Deal

    Allianz Group said Friday that its corporate and specialty insurance unit is selling off its U.S. insurance business for midsize corporations and entertainment businesses for $450 million in cash to Arch Insurance North America.

  • April 05, 2024

    Korean Trade Promoter Wins Claim Despite Kickback Bid

    A South Korean trade agency unfairly dismissed a London-based employee of over 20 years — but won't have to pay him a dime after he tried to negotiate a secret commission, an employment tribunal has ruled.

  • April 05, 2024

    Exec Wins £61K After Being Forced To Quit Following Merger

    A bedding company must pay its former managing director £61,000 ($77,000) after it forced him to quit following a merger by backtracking on his benefits under the deal, and blocking him from entering the premises, a tribunal has ruled.

  • April 05, 2024

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

    This past week in London has seen the BBC sued by former Georgian defense minister David Kezerashvili, Russian businessman Ildar Sharipov file a defamation claim against the publisher of the Liverpool Echo newspaper, MEX Group Worldwide sue Barclays and NatWest, and a climbing gear company hit retailer Next with a claim of copyright infringement. Here, Law360 looks at these and other new claims in the U.K.

  • April 05, 2024

    Rothesay Sees 'Unprecedented' Pipeline For Pension Deals

    Pension insurer Rothesay Life said Friday it secured £12.7 billion ($16 billion) in new business premiums across a dozen de-risking retirement savings deals in 2023, with the year ahead marked by an "unprecedented pension risk transfer market pipeline."

  • April 05, 2024

    Allens-Guided Experian To Acquire Peer Illion For $540M

    Experian PLC has agreed to buy Australasian rival credit analyst illion for up to $820 million Australian dollars ($540 million), as the Ireland-based global financial data specialist moves to bolster its presence in the region's growing credit reporting market.

  • April 05, 2024

    Cloud Biz Denies Owing Telecom Execs Over Bad Sale

    A cloud technology business has denied owing directors of a telecommunications company £1.5 million ($1.9 million) left unpaid after it bought their business, claiming the money due is offset by the £2 million it lost from the sale.

  • April 12, 2024

    Fieldfisher Expands Pensions Practice With 4 PwC Hires

    European law firm Fieldfisher LLP has announced it is bolstering its U.K. pensions practice by hiring a partner, two directors and an associate from PwC UK.

  • April 05, 2024

    French Shipping Giant's £605M Offer For Wincanton Lapses

    Wincanton PLC said on Friday that an attempt by Ceva Logistics, a subsidiary of French shipping giant CMA CGM SA, to buy the British supply chain group for £605 million ($764 million) has expired.

  • April 05, 2024

    US Food Processor JBT Preps €3.5B Bid For Icelandic Rival

    Food-processing technology giant JBT Corp. said on Friday that it plans to make a recommended €3.5 billion ($3.8 billion) offer for Icelandic rival Marel HF in May.

  • April 04, 2024

    Novo Holdings, Catalent Reset Review Clock On $16.5B Deal

    Novo Nordisk Foundation has given the Federal Trade Commission more time for an initial review of Novo Holdings' plan to acquire Catalent in a deal that values the pharmaceutical services company at $16.5 billion.

  • April 04, 2024

    Mayer Brown Adds Former KPMG Tax Specialist In London

    Mayer Brown has added a former KPMG tax professional to its London office to advise clients on asset management and fund matters in the U.S., Europe and the Middle East, the firm announced.

  • April 04, 2024

    Auto Engineering Firm Dowlais Begins £50M Share Buyback

    Slaughter and May-advised Dowlais Group PLC on Thursday kicked off its previously announced share repurchase program worth up to £50 million ($63 million), aimed at lowering its outstanding share capital and rewarding investors.

  • April 04, 2024

    Insurer Resolution Life To Buy New Zealand Biz For $247M

    Resolution Life said on Thursday that its Australasian arm has agreed to buy Asteron Life, an insurer based in New Zealand, for 410 million New Zealand dollars ($247 million), as the global group eyes entry into the country's growing insurance sector.

  • April 04, 2024

    Biopharma Biz Faron Raises €4.8M With Equity Issue

    Faron Pharmaceuticals Ltd. said Thursday it has raised €4.8 million ($5.2 million) in a share placing aimed at boosting its finances and supporting its research work.

Expert Analysis

  • How The OECD Global Tax Proposal Could Affect M&A

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    Following agreement on the Organization for Economic Cooperation and Development’s Pillar Two proposal to introduce a global minimum tax, domestic implementation is expected to have a significant impact on international M&A transactions, with financial modeling, deal structuring, risk allocation and joint venture arrangements likely to be affected, say lawyers at Freshfields.

  • A Look At German And French Merger Control Trends In 2023

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    Merger control statistics from the first half of 2023 in Germany and France — key merger control jurisdictions with strict enforcement and sophisticated analysis tools — highlight trends on the length and number of investigations by the respective authorities, say Laurence Bary and Clemens Graf York von Wartenburg at Dechert.

  • UK Shares-Tax Proposals Offer Long-Awaited Modernization

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    The U.K. government's recent consultation on the introduction of a new tax on transactions in securities raises detailed legal and practical issues, but the prospect of a single digital stamp tax offering both streamlined legislation and administration will be welcomed, say Zoë Arnautov and Mark Sheiham at Simmons & Simmons.

  • EU Illumina-Grail Fine Cools Cos.' Merger Control Approach

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    The European Commission's recent record-breaking fine on Illumina for acquiring Grail without approval underscores its tough stance on merger control enforcement, showing that companies in Europe need to be vigilant in complying with regulatory requirements, say Salomé Cisnal de Ugarte and Raphaël Fleischer at King & Spalding.

  • EU Case Shows Wide Approach To Blocking Telecom Mergers

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    The EU court's recent judgment in Commission v. CK Telecoms may make it more challenging to secure clearance for telecom and other companies pursuing mergers, illustrating its broad approach to mergers that risk harming competition without creating a dominant position, say Dominic Long and Christopher Best at Allen & Overy.

  • PR Perspectives: Getting Merger Communications Right

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    As the recent Allen & Overy and Shearman Sterling deal announcement demonstrates, controlling the narrative is the priority when merger discussions begin, so law firms need to consider their stakeholder base and the best communication channels for each segment, ready to adapt to the audience group's needs, say Ben Girdlestone and Bethany Durkin at Byfield.

  • Trustees Should Take Caution After UK Pension Tap Plan

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    The U.K. government's recent plan to boost technology startups by tapping into pension sector funds may risk the hard-earned savings of members, so trustees need to be mindful of the proposals in light of their fiduciary duties, say Beth Brown and Riccardo Bruno at Arc Pensions.

  • Report On UK Investment Act Offers Welcome Insights

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    The U.K. government's recent report on the National Security and Investment Act's first full year of operation is to be applauded for disclosing more information on the act's notification system than was required, enabling a better understanding of what has taken place and what the next year may hold, say Andrea Hamilton and Ajal Notowicz at Milbank.

  • Preparing For M&A Under The Foreign Subsidies Regulation

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    The EU Foreign Subsidies Regulation introduces requirements that companies operating in the region must consider in M&A transactions, and any foreign financial contributions received by a target should be checked during the due diligence stage, with specific provisions for commission approval if a notification requirement is triggered, say Hendrik Viaene and Stéphane Dionnet at McDermott.

  • Important Generative AI Considerations In M&A

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    The recent surge of interest in generative artificial intelligence and its use of machine learning algorithms means there are novel concerns as well as inherent risks for those engaging in M&A activity, and acquirers should pay careful attention to a target’s scope of ownership and licensing rights, say attorneys at Davis Polk.

  • Pension Trustee Case Could Lead To Fossil Fuels Divestment

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    While the recent Court of Appeal case McGaughey v. Universities Superannuation Scheme attempts to link fossil fuel investment by trustees to significant risk of financial detriment, it is concerning that two out of 470,000 scheme members could be permitted to bring a claim without ensuring that other members are represented, says Anna Metadjer at Kingsley Napley.

  • Green Loans May Be Hungary's Path To Sustainable Financing

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    Fueled by a rising trend in the use of green loans, Hungary is making impressive progress in its journey toward achieving a net-zero future, although the development of social and sustainability-linked loans is still a work in progress, say Gergely Szalóki and Bálint Bodó at Schönherr.

  • Tackling Global Inflation Is A Challenge For Antitrust Agencies

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    Recent events have put pressure on antitrust agencies to address the global cost-of-living crisis, but the relationship between competition and inflation is complex, and with competition agencies’ reluctance to act as price regulators, enforcement is unlikely to have a meaningful impact, say lawyers at Linklaters.

  • What New FCA Management Will Mean For Enforcement

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    Therese Chambers’ first speech since becoming the U.K. Financial Conduct Authority’s joint executive director provided insightful observations about the expected behaviors of firms and their legal advisers during investigations, indicating the advent of a proactive, prosecution-minded enforcement agency trying to do the right thing, says Richard Burger at WilmerHale.

  • Global M&A Outlook: Slow But Moving Along

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    Global merger and acquisition markets had a tough start to the year, with inflation, rising interest rates and the Ukraine conflict knocking sentiment, but in the macroeconomic, deal makers have continued to unearth pockets of activity to keep deal volumes ticking over, say lawyers at White & Case.

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