Brookfield Wealth Options (BWS) has reached an settlement to buy Simply Group, a monetary providers agency within the UK, in a deal valued at £2.4bn ($3.2bn).
The transaction might be carried out by Bidco, a subsidiary owned solely by BWS and can embody 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 value is increased by 75% in contrast with the share value 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 energy of the Simply platform and the long-term worth of the technique now we have delivered.
“BWS and the broader Brookfield group’s scale, funding experience and alignment with our function will allow Simply to broaden its attain and improve its providing, which is able to speed up the fulfilment of our function to assist extra individuals 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 trade.
The brand new group might be managed by the Simply Group management group, retain the Simply model, and its headquarters will stay in London.
BWS CEO Sachin Shah said: “The acquisition of Simply will speed up our development 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 development within the UK, constructing on its dedication to offering monetary certainty and glorious service to its policyholders.”
The deal is anticipated to be finalised within the first half of 2026 (H1 2026), pending regulatory approval from UK monetary authorities.
