Mon, 28 Nov 2011 | DIVISION SALE
Axa UK has brought in Fenchurch Advisory Partners to act as advisor on the possible £100 million sale of its Bluefin Advisory Services business.
The advisors are to ascertain whether it would be more beneficial for the business, which is focused on employee benefits, to be developed in the hands of its current owners or under new ownership.
It is understood that a sale would lead to Axa taking the rest of the Bluefin insurance broking in-house.
Interested parties that have already stepped forward are understood to be private equity and trade buyers including JLT, Marsh and Aon. There is also the possibility of a private equity-backed management buy-out led by Nick Burns, the boss of Bluefin Advisory.
Bluefin Advisory Services specialises in financial advisory and insurance broking services and operates from 60 offices in the UK with a total of 2,000 employees.
The sale will be part of France-based Axa’s plans for its UK operations, and follows a £2.75 billion sale of parts of its UK life business to Resolution in June last year.
General insurance broker Bluefin Insurance Group is part of Axa’s commercial lines operation, and is a separate business and so won’t be subject to the review.
Bring to the market this leasehold specialist car sales and servicing facility located in Horncastle, Lincolnshire. The trade was established as a limited company in 2005.
LEASEHOLD
The company is an online vehicle purchasing platform, providing a fast, hassle-free car-selling service for the end user. A competitor to the likes of webuyanycar.com and Motorway, the company is a well-established online vehicle purchasing platform...
Bringing to the market this denim and casual wear retailer, boating a user friendly comprehensive online presence.
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.