Slaughter and May is advising Just Group plc (“Just”) on a recommended all-cash offer by Brookfield Wealth Solutions (“BWS”) for the entire issued and to be issued share capital of Just, to be effected by means of a court-sanctioned scheme of arrangement.
Under the terms of the BWS offer, Just shareholders will be entitled to receive 220 pence per Just share. The offer values Just at approximately £2.4 billion and represents a premium of approximately 75% to Just’s closing share price prior to the announcement of the offer, and a 60% premium on a three-month VWAP basis. Subject to the satisfaction of conditions, the transaction is expected to complete in the first half of 2026.
Corporate
Richard Smith
Partner
Natalie Cook
Partner
James Edwards
Associate
Nathalie Edwardes-Ker
Associate
Harry McGrath
Associate
Insurance and Financial Regulation
Incentives
Competition
Alex Bulfin
Partner
Lauren Phare
Associate
Financing
Caroline Phillips
Partner
James Costi
Senior Counsel
Tax
Charles Osborne
Partner