Slaughter and May is advising Brit plc (Brit) on its recommended takeover offer by FFHL Group Ltd, an entity wholly-owned by Fairfax Financial Holdings Limited, announced on 17 February 2015.
The cash offer values the entire issued share capital of Brit at approximately £1.22 billion and implies a price to net tangible assets multiple of 1.73x based on Brit's net tangible assets of £704.4 million as at 30 June 2014.
Brit in-house legal team: led by Tim Hamer
Paul, Weiss, Rifkind, Wharton & Garrison: Mark Bergman (partner), John Satory (counsel)
Jeff Twentyman
Senior Consultant
Richard Smith
Partner
Filippo de Falco
Partner
Bertrand Louveaux
Partner
William Turtle
Partner
Tina Zhuo
Senior Counsel
Rosemary Nelson
Associate
Jan Putnis
Partner
Nick Bonsall
Partner