Mon, 23 May 2011 | BUSINESS SALE
Rumours have surfaced that the British arm of the emergency cover provider, EuropAssistance, is to be sold off by its Italian parent company, according to sources at Sky News.
According to the report, the Italian insurance group, Generali, is looking to offload its British operation, and has appointed advisory firm, Fenchurch Advisory Partners to begin a search for potential buyers for the business.
It is believed that the value of the sale could run in to tens of millions of pounds and that most of the interest in buying the company is likely to come from private equity firms and other insurance companies.
EuropAssistance is a national provider of general emergency service work, ranging from roadside motoring repairs to domestic damage caused by burst water pipes to the effects of having your identity stolen.
The news that the UK operation is to be sold comes not even a week after the company completed an overhaul its senior UK management team. Peter Dingle was appointed last week as commercial director, completing a new-look top table that also saw David St Clair appointed as director of operations and Latif Sayani as chief financial and information officer.
In a statement released last week, the UK's managing director, Patrick Leroy, said he was delighted to have the new team in place ready for the company to "move into an exciting period".
The business specialises in providing international hospitality companies through forums and networking events a route to two key markets. The business operates on a B2B basis across the UK & France, offering events for MICE agents and end-user corpo...
RELOCATABLE
The company provides commercial vehicle repairs, servicing, and diagnostics, specialising in HGVs and LGVs. The business’s comprehensive offering includes LOLER testing, repairs, roadside assistance, MOTs, and vehicle servicing.
The company offers roofing materials to tradespeople and the general public, specialising in providing reclaimed materials. The continuous high standard of service provided by the company has enabled it to build and maintain secure relationships with...
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.