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LV= in talks with US private investment firm over sale

Written by Adam Cadle
05/10/2020

LV= is in talks with Bain Capital LP over a potential deal for a full or partial sale.

“Discussions between LV= and Bain Capital are ongoing and there can be no certainty that any transaction will be agreed, nor any certainty as to the terms on which any such transaction might proceed,” the insurer said in a statement.

Any transaction would be subject to regulatory approval, it said.

Bain Capital is an American private investment firm based in Boston, which manages about $105bn.

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