DWF Group in Talks With Inflexion Over £342 Million Buyout

British law firm DWF Group Plc is in talks to be acquired by Inflexion in a buyout valued at about £342 million ($438 million), amid a tentative return of take-private deals.

The private equity firm is discussing a cash offer of 100 pence a share for London-listed DWF, including a special dividend, the law firm said in a statement Monday that confirmed an earlier Bloomberg News report. The potential total consideration represents a 53% premium to Friday’s closing price.

Shares in DWF rose as much as 40% on Monday for their biggest intraday gain on record. The stock was ...