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

Deferred DC membership grows to 23 million

Deferred DC membership grows to 23 million

Figures show membership of deferred private sector DC schemes grew by over two million in a year

Holly Roach
clock 02 April 2026 • 3 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Run-on becomes ‘dominant’ endgame option, Howden acquires Hymans IFS team, M&G illiquid asset transfer

Professional Pensions
clock 02 April 2026 • 1 min read
SPP expands membership to around 90 organisations

SPP expands membership to around 90 organisations

Society says it has close to 90 members employing over 20,000 industry professionals

Martin Richmond
clock 02 April 2026 • 1 min read
Trustpilot