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The UK Takeover Panel’s Guidance on “Stub Equity” In Take-Private Transactions

JD Supra: Mergers

On 3 July 2025, the UK Takeover Panel (Panel) published a new Practice Statement 36 (PS 36), which provides formal guidance on how the Panel will interpret and apply the Takeover Code to an “unlisted share alternative” (known as stub equity) in the context of a take-private transaction of a UK public company.

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UK public M&A – return of share-for-share offers

JD Supra: Mergers

In 2024 we have seen a significant increase in listed corporate bidders offering their equity to target company shareholders in UK public M&A deals, including on offers made by non-UK listed companies. That is a significant increase on the number of such deals in 2023 and the highest number in the last 5.

M&A 171
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eBay to gain $2.2B from sales of its shares in classified biz Adevinta

TechCrunch: M&A

eBay is unloading its remaining shares in the online classified business Adevinta to private equity firms Permira and Blackstone for $2.2 billion in cash and 20% equity, it said. billion in cash and 540 million Adevinta shares. While the new deal […] © 2023 TechCrunch.

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SuperReturn International 2025: Four Key Takeaways

JD Supra: Mergers

Ropes & Gray attended the SuperReturn International conference in Berlin last week, which attracted over 5,500 decision makers from the private markets industry who came together to share their outlook for 2025 and beyond.

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Inside a $175M Deal: Tim McLoughlin & Joshua Hayes Live From RDU Startup Week

JD Supra: Mergers

In a special live episode of the Founder Shares podcast, recorded at Raleigh-Durham Startup Week, Tim McLoughlin, managing partner of CoFounders Capital, and Joshua M. Hayes, partner at Hutchison PLLC, walk through the full journey of Element451from first investment to strategic acquisition by private equity firm PSG.

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Permira completes Squarespace acquisition after upping bid to $7.2B

TechCrunch: M&A

Website builder Squarespace is no longer a publicly traded company, after private equity firm Permira procured all remaining common stock in the firm. Permira first revealed plans to acquire Squarespace back in May, offering shareholders in the NYSE-traded company $44 per share — this equated to an equity valuation of $6.6

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Private Equity Profiles and Perspectives: An In-Depth Conversation with Pat Riley and Lukasz Wrona of Akoya Capital - Part 2

JD Supra: Mergers

To help businesses, investors, and deal professionals better understand the evolving private equity landscape in the lower middle market, Rob Connolly – a partner in and leader of LP’s Corporate Practice Group – shares a series of conversations with private equity firms and professionals. By: Levenfeld Pearlstein, LLC