Marsh & McLennan Companies Inc.’s £4.3 billion acquisition of Jardine Lloyd Thompson Group plc

Slaughter and May, working as an integrated team with Wachtell, Lipton, Rosen & Katz, is advising Marsh & McLennan Companies Inc. (“MMC”) on the recommended cash acquisition for the entire issued and to be issued share capital of Jardine Lloyd Thompson Group plc (“JLT”).

The acquisition was announced on 18 September 2018. Under the acquisition, each JLT shareholder will be entitled to receive £19.15 in cash for each JLT share. The acquisition values JLT’s issued and to be issued share capital at approximately £4.3 billion. The acquisition is conditional on various matters, including certain anti-trust clearances.

MMC’s internal legal team was led by Peter J. Beshar, Executive Vice President and General Counsel, supported by Katherine J. Brennan Deputy General Counsel, Corporate Secretary and Chief Compliance Officer, Rachael Dugan Associate General Counsel, Chief Strategy and M&A Counsel and Connor Kuratek Chief Counsel for Securities and Finance.

Slaughter and May is advising with a Corporate and Commercial team led by Steve Cooke (senior partner, in picture), Richard Smith (partner), Natalie Cook (associate), Harry Hecht (associate), Loretta Li (associate), Jack Gray (associate); on Competition law are acting Bertrand Louveaux (partner), Lisa Wright (partner), Jantira Raftery (associate) and Alex Jennings (associate); on Financing matters is advising Ed Fife (partner), Andrew Baker (associate); and on Financial regulation with Nick Bonsall (partner), Srijanee Bhattacharyya (associate); and on Pensions and employment law are advising Jonathan Fenn (partner), Dan Schaffer (partner) and Christian Davies (associate).

The team at Wachtell, Lipton, Rosen & Katz was led by Dan Neff and Greg Ostling.

 

Involved fees earner: Daniel Neff – Wachtell, Lipton, Rosen & Katz; Gregory Ostling – Wachtell, Lipton, Rosen & Katz; Steve Cooke – Slaughter and May; Richard Smith – Slaughter and May; Natalie Cook – Slaughter and May; Harry Hecht – Slaughter and May; Loretta Li – Slaughter and May; Jack Gray – Slaughter and May; Bertrand Louveaux – Slaughter and May; Lisa Wright – Slaughter and May; Jantira Raftery – Slaughter and May; Alex Jennings – Slaughter and May; Ed Fife – Slaughter and May; Andrew Baker – Slaughter and May; Nick Bonsall – Slaughter and May; Srijanee Bhattacharyya – Slaughter and May; Jonathan Fenn – Slaughter and May; Daniel Schaffer – Slaughter and May; Christian Davies – Slaughter and May;

Law Firms: Wachtell, Lipton, Rosen & Katz; Slaughter and May;

Clients: Marsh & McLennan Companies, Inc.;