Advises on £2.4 billion proposed takeover bid for Just Group, as stated on our site
Brookfield Wealth Solutions Ltd. (BWS) has made a recommended cash offer to acquire Just Group plc, a UK-based retirement income provider, for approximately £2.4 billion. The offer values Just Group, which manages over £27 billion in assets, at £2.4 billion ($3.17 billion).
Under the terms of the offer, Just Group shareholders will receive 220 pence per share in cash, representing a 75% premium over the previous closing price. The acquisition is expected to close in the first half of 2026.
BWS plans to merge Just Group with its UK subsidiary, Blumont Annuity Company, to operate as a single insurance group under the Just brand. Just Group's board unanimously recommends the bid, citing the attractive cash premium and confidence in BWS’s plans.
Based in London, BWS focuses on securing the financial futures of individuals and institutions through retirement services, wealth protection products, and tailored capital solutions. As of 30 June 2022, BWS has invested over US$12 billion of balance sheet capital into its insurance business and has over US$140 billion of total assets.
Just Group, with over 1,450 employees and more than 700,000 customers, has a strong market position in defined benefit pension risk transfer. Since 2012, it has completed over 500 transactions covering these customers.
Regarding the legal advisors involved, the publicly available information does not specify the names of key legal advisors representing either party in this transaction. Typically, such information would be found in formal acquisition announcements or regulatory filings, but it is not disclosed in the sources provided.
Louise Nelson, the Head of PR for Europe, Middle East, and Asia at BWS, is the main point of contact for enquiries. Her contact numbers are provided: Tel: 44 20 7444 5086 and Cell: 44 79 0968 4893.
The financial adviser for BWS in this transaction is RBC Capital Markets Limited. Adam Worth and Alex Smith, corporate associate and banking associate, respectively, are supporting Whitelock and Collis in the legal team. The London-based legal team from BWS's website is advising RBC in the BWS's offer for Just, led by corporate partner Paul Whitelock and banking partner James Collis.
Sources:
- AJ Bell, 2025-07-31
- Proactive Investors, 2025-07-31
- Ai-CIO, 2025-08-01
- Financial Reporter, 2025-07-31
- Investegate, 2025-07-31
- Brookfield Wealth Solutions Ltd. (BWS) is planning to use capital from its vast finance resources, having invested over $12 billion into its insurance business, to facilitate the acquisition of Just Group plc, an investment that aligns with its business focus on retirement services and wealth protection.
- BWS's acquisition of Just Group, a deal valued at around £2.4 billion and expected to close in the first half of 2026, is supported by its financial adviser, RBC Capital Markets Limited, demonstrating a commitment to strategic investing within the retirement income sector.
