Freshfields and A&O Shearman advised on Standard Life’s £2 billion acquisition of Aegon UK.
Standard Life has agreed to acquire Aegon UK plc, comprising the UK insurance and pensions operations of Aegon Europe Holding B.V., for a total consideration of approximately £2 billion. The transaction will significantly strengthen Standard Life’s pensions and savings platform and is expected to create the UK’s largest retirement savings and income business.
As part of the transaction, Aegon will retain a strategic relationship with Standard Life and will hold an approximate 15% stake in the enlarged entity. The transaction is subject to regulatory approvals and is expected to complete by the end of 2026.
Freshfields advised Standard Life on the acquisition.
The Freshfields team is being led by Partner George Swan, Senior Associates Brad Tapper and Maria Zaitseva and Associates Megan Jamieson, Giles Barron and Obi Onwuchekwa, with support from asset management Partner Andy Robinson, Equity Capital Markets Partners Tom Godwin and Doug Smith and Counsel Richard Ho, IP/commercial Partner Richard Lister and Senior Associate TK Egenti and Associates Catherine Lally, Katie Hyewon Sa and Tariq Chastanet-Hird, Regulatory Partner James Smethurst and Senior Associate Craig Dewar and Associate Noah Schmidt, Finance Partner Aled Batey and Senior Associate Terry Ayres, Competition Partner Martin McElwee and Senior Associate Anup Nandra and Associates Ola Mclees and Lachlan Green, Tax Partner Jill Gatehouse and Senior Associate Ed Buxton and Associate Ben Rees, People & Reward Partners Alice Greenwell and Dawn Heath and Senior Associate Symon Rowley and Associate Rhianna Thornton-Reid, Dispute Resolution Partner Piers Reynolds and Senior Associate Oliver Hamill, Real Estate Partner David Seymour and Associate Murad Cholak, and Dutch Corporate Partner Hanneke Rothbarth.
A&O Shearman advised Aegon on the sale of its UK business.
The A&O Shearman team was led by Partners Matt Hamilton-Foyn and Kate McInerney, and Senior Associate Charlotte Rowlandson.
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