Mon, 15 Jun 2020 | BUSINESS SALE
Insurance provider LV= has confirmed that it is reviewing the future of its business, with options including a potential sale. The company has reportedly engaged Fenchurch Advisory Partners to examine and advise on its options.
LV= (Liverpool Victoria Financial Services Ltd.) issued a statement saying: “LV=’s board is fully committed to maximising long term value for its members and is therefore assessing a wide range of strategic options following the disposal of the general insurance business to ensure that the remaining business continues to be operated in the best interests of all its members.
“Some but not all of these options may involve a transaction with a third party. No conclusions have yet been reached as to the most appropriate option to pursue and there can be no certainty that this review will result in any transaction being agreed or with whom. A further announcement will be made if and when appropriate.”
LV= sold its general insurance operations to Allianz last year. Cinven Limited, European Insurance Consolidation Group, Phoenix Group Holdings, Royal London, and Utmost Life and Pensions have been reported as potential bidders for the remaining parts of its business.
The mutual was founded 177 years ago and has around 1.3 million member customers. In 2019, LV= saw a revival of its fortunes, registering a £15 million pre-tax profit from continuing operations, having reported a £90 million loss the year prior.
Find businesses for sale here.
If you are looking for an exit, we can help!
Founded in the early 2000s, this multimillion-pound investment network has disrupted and thrived in the startup fundraising scene, connecting entrepreneurs and angel investors globally. With a robust network spanning 40 networks in 90 countries and o...
This is an excellent, unique opportunity to purchase a relocatable Financial business. Having now built up a very strong and recognised brand, the business has quickly gained momentum since being established in 2014. Going from strength to strength o...
Established in 2024, this unique consultancy & investment business is now for sale. This is a promising opportunity for a buyer due to the strong foundations set by the current owner.
13
|
Feb
|
Danish-owned ITGL snaps up Swindon-based cybersecurity firm ISN | BUSINESS SALE
Technology services provider Intuitive Systems & Networks (I...
13
|
Feb
|
Troy UK falls into administration | ADMINISTRATION
Tools and maintenance supplier Troy (UK) has fallen into adm...
13
|
Feb
|
C&M Scientific buys Radison Services to expand UK footprint | BUSINESS SALE
C&M Scientific, the dedicated service arm of Scientific Labo...
28
|
Sep
|
Life insurer LV= in talks over potential takeover | BUSINESS NEWS
Mutually-owned life insurer LV= has confirmed that it is in ...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.