RWC signs Scheme Implementation Deed with Brookfield

Key points

• Brookfield to acquire 100% of RWC shares for US$3.38 per share
• Transaction reflects an enterprise value of approximately US$2.9 billion
• RWC Board recommends shareholders vote in favor of the Scheme
• 'Go Shop' period allows for alternative proposals until 15 October 2026

Full summary

Reliance Worldwide Corporation Limited (RWC) has signed a Scheme Implementation Deed (SID) with Brookfield Capital Partners LLC, under which Brookfield will acquire 100% of RWC shares for US$3.38 per share. The transaction is expected to be completed in Q1 2027, subject to conditions including shareholder and court approval. The SID includes a 'Go Shop' provision, allowing RWC to solicit alternative proposals until October 15, 2026. The RWC Board recommends shareholders vote in favor of the Scheme, subject to an Independent Expert's Report confirming it is in shareholders' best interests.

Guidance

Enterprise value of approximately US$2.9 billion, with a premium of 31.5% to the last close.

Outlook

The transaction is expected to be completed in Q1 2027, subject to regulatory and shareholder approvals.