Brookfield Wealth Options (BWS) has reached an settlement to buy Simply Group, a monetary companies agency within the UK, in a deal valued at £2.4bn ($3.2bn).
The transaction can be carried out by Bidco, a subsidiary owned fully by BWS and can embrace all shares of Simply Group which have been issued or are deliberate to be issued.
Shareholders of Simply Group will obtain 220 pence per share in money. This worth is greater by 75% in contrast with the share worth on 30 July 2025, the day earlier than the acquisition announcement.
Simply Group is thought for its work within the retirement and pension sector and is listed on the inventory market.
Simply Group CEO David Richardson mentioned: “The proposed mixture with BWS displays the power of the Simply platform and the long-term worth of the technique we’ve delivered.
“BWS and the broader Brookfield group’s scale, funding experience and alignment with our objective will allow Simply to broaden its attain and improve its providing, which can speed up the fulfilment of our objective to assist extra folks obtain a greater later life.”
BWS, primarily energetic in North America, has already began a UK insurance coverage department, Blumont Annuity Firm UK. (Blumont).
The acquisition is meant to merge Blumont with Simply Group to function within the UK’s annuity and life insurance coverage business.
The brand new group can be managed by the Simply Group management staff, retain the Simply model, and its headquarters will stay in London.
BWS CEO Sachin Shah said: “The acquisition of Simply will speed up our progress ambitions for the UK, a core area for us given its standing as one of many world’s preeminent pension markets mixed with extremely engaging funding alternatives.
“We look ahead to supporting Simply’s progress within the UK, constructing on its dedication to offering monetary certainty and wonderful service to its policyholders.”
The deal is predicted to be finalised within the first half of 2026 (H1 2026), pending regulatory approval from UK monetary authorities.
