Uncertain future for LV= as Bain Capital sale fails

Chair of LV= to step down after too few members voted for the deal

clock • 3 min read
Uncertain future for LV= as Bain Capital sale fails

The membership vote to sell mutual insurer LV= to Bain Capital has failed after too few members voted in favour of the deal at the special general meeting (SGM), leaving the firm's future uncertain.

While more than two thirds (69%) of the 174,240 members present at the SGM voted in favour of the deal with the private equity firm, it fell below the 75% threshold required for the deal to pass.  ...

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