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