Money Makers Mentor

Bain Capital Could Potentially Take Over LV=

Bain Capital could potentially take over Liverpool Victoria (LV=). Mark Hartigan, Liverpool Victoria’s new chief executive, is the one who oversaw a strategic review for the deal. Hartigan is formerly with the Zurich Insurance Group. In a statement, LV= said, “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.”

Other Potential Buyers

Before the June review, LV= sold its general insurance business to Germany’s Allianz SE in 2019. Earlier this year, many companies put in bids to buy LV=. As a result, the company is said to be potentially worth up to a billion pounds. With this Bain Capital deal, LV= hopes to maxi…

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