The much-vaunted deal between Japanese conglomerate Softbank and British-based AI-chip innovator Graphcore comes at a pivotal time for the tech sector. The deal, understood to be valued at more than $500m, closed last week, shortly after the installation of a new Labour Government and when no definitive answer exists as to what AI regulation might […]
For elite firms with ties to big banks, the first half of 2024 has been fruitful for corporate transactions. Sainsbury’s banking business was sold to NatWest Group last month, with Linklaters and A&O Shearman advising, while Addleshaw Goddard, Freshfields Bruckhaus Deringer and Paul Hastings led on Co-operative Bank’s sale to Coventry Building Society in an […]
The former bosses of Melrose Industries is listing a new company – Rosebank – on the alternative investment market (AIM), with Simpson Thacher & Bartlett advising on the float. Simpson Thacher partner Adam Signy has long advised Melrose in its acquisition deals and is at the helm of this listing along with partner Lucy Gillett. […]
Baker McKenzie and Linklaters have sealed an agreement between brewing company Carlsberg and soft drinks producer Britvic, after the latter rejected two acquisition offers from its suitor. The £3.3bn takeover comes after Britvic rejected Carlsberg’s last offer of £3.1bn on 11 June as well as a first offer that was made on 6 June. Bakers […]
Skadden Arps Slate Meagher & Flom took the lead role for BlackRock on its acquisition of private markets data solutions provider Preqin for £2.55bn. The deal sees BlackRock acquire Preqin to expand Aladdin, the private equity giant’s portfolio management software. The deal will bring Preqin’s data and research tools together with Aladdin’s workflow capabilities to […]
Slaughter and May, Kirkland & Ellis and Paul Weiss Rifkind Wharton & Garrison have together banked nearly £25m on EP Group’s (EP) takeover of Royal Mail’s parent company, IDS. EP, owned by Czech billionaire Daniel Kretinsky, announced its intention to acquire IDS just over a month ago in May. The bid valued the distribution company […]