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King & Wood Mallesons, Lavan Legal and TC Corporate have acted on IOOF’s proposed off-market takeover of fellow wealth management company Plan B.
Firms: King & Wood Mallesons (IOOF Holdings Limited), Lavan Legal and TC Corporate (Plan B Group Holdings Limited)
Area: M&A
Value: $49.1 million
Key players: The KWM team is being led by M&A partners Joe Muraca and Peter Stirling, who are being supported by solicitors Matt Bernardo, Stephanie Lawther and Anthony Sciuto
Deal significance: Under the proposed bid, IOOF will acquire all of the ordinary shares in Plan B, at $0.60 per Plan B share, via an agreed off-market takeover. “The acquisition of Plan B represents a unique opportunity for our client IOOF to combine two highly complementary businesses,” said Stirling.
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