LV= sets out explanation for sale to Bain Capital

The Bain Capital bid will go to a shareholder vote next month

Tom Ellis
clock • 2 min read
LV= senior independent director David Barral
Image:

LV= senior independent director David Barral

LV= has set out a statement to explain why it chose to sell to private equity firm Bain Capital and selected its bid among 11 others last December.

After the mutual sold its general insurance business in 2017 and 2019, which it deemed necessary to bolster its "weak capital position", LV= confirmed its demutualisation and that it agreed to sell...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Industry sustainability groups commit to closer collaboration

Industry sustainability groups commit to closer collaboration

TSWG and ICSWG say co-operation could lead to more ‘practical’ and ‘impactful’ action

Martin Richmond
clock 19 June 2026 • 2 min read
What Andy Burnham as prime minister could mean for pensions

What Andy Burnham as prime minister could mean for pensions

A new Labour leader would result in a cabinet reshuffle and a possible new pensions minister

Holly Roach
clock 19 June 2026 • 2 min read
Sackers launches ESG hub in response to 'complexity' of developments

Sackers launches ESG hub in response to 'complexity' of developments

Covers climate-related disclosures, stewardship, TNFD and ESG regulation

Holly Roach
clock 19 June 2026 • 1 min read
Trustpilot