Slaughter and May is advising GoCo Group plc on the recommended acquisition of its entire issued and to be issued share capital by Future plc, a leading global platform for specialist media which is listed on the London Stock Exchange. The acquisition was announced on 25 November 2020.
Under the terms of the acquisition, each GoCo Group shareholder will be entitled to receive 0.052497 Future shares and 33p in cash for each GoCo Group share. The acquisition values the entire issued and to be issued share capital of GoCo Group at approximately £594 million on a fully diluted basis and is expected to complete in the first quarter of 2021, subject to receipt of certain shareholder and financial regulatory approvals.
Since its demerger from esure Group plc in 2016, GoCo Group has successfully developed from a UK price comparison website, into a technology-led business operating multiple leading brands focused on innovation and disruption with the common mission to help consumers save time and money, sustainably.
Slaughter and May is supporting GoCo Group’s General Counsel & Company Secretary, Nick Edwards.
Emily Costello / Trainee
Alexandra Cameron / Trainee