Liverpool Victoria confirmed that its mulling all its options including the sale of its life and pensions business with Fenchurch Advisory Partners advising on its options and in October 2020 entered exclusive negotiations with Bain Capital. LV= announced on Tuesday it had reached terms with Bain Capital for a deal that would result in the insurer and pensions group being demutualised after 177 years of ownership by its customers. Are you sure you want to mark this comment as inappropriate? 2. LV=, which was previously called Liverpool Victoria, had been in exclusive talks with the investor over a potential deal for the past two months. 15th December 2020 - Author: Charlie Wood Liverpool Victoria Financial Services (LV=) has reached an agreement to sell itself to private investment firm Bain Capital for £530 million. LV, one of the UK’s largest and oldest mutually owned life insurers, is to sell itself to private equity group Bain Capital in a £530m deal. no one really knows any more than is mentioned above and is referred to within the link i shared.. It is the most recognisable and natural. “Our principles and values are in direct alignment with those of LV= and we firmly believe in a shared vision for the future of the business.”. LV=, which was previously called Liverpool Victoria, had been in … As Liverpool Victoria confirms it has entered exclusive talks with a US investment firm. “The board is excited by the opportunities it creates for our people, partners and customers – enabling the LV= brand and business to further develop as a major force in the UK life insurance market.”. Find out LV= latest news and press releases here. Please, It needs to secure the backing of its 1.3 million members for the takeover by Bain Capital to go through. Ft. recently sold home at 308 Victoria Park Dr, Liverpool, NY 13088 that sold on September 24, 2020 for Last Sold for $288,000 The sale is set to lead a cash payout for LV=’s 1.3 million members, many of whom will also be eligible for higher bonuses when their current policies mature. Wednesday December 16 2020, 12.01am GMT, The Times T he board of Liverpool Victoria has a long way to go to explain to its 1.25 million customer-members why it … Investments British life insurance company Liverpool Victoria Financial Services (LV=) revealed that it is in exclusive talks about a possible deal involving US-based private investment firm Bain Capital. Liverpool Victoria had entered into an agreement with Allianz in 2017 to create UK’s third-largest personal insurer. ... which used to be known as Liverpool Victoria, has more than 5 … being demutualised after 177 years of ownership by its customers. LV has put up the for sale sign in a move that could signal the end of one of the UK’s largest remaining mutual insurers. 894646. Please, The subscription details associated with this account need to be updated. Contact our press office team now. Registered in England No. Registered office: 1 London Bridge Street, SE1 9GF. Life insurance giant LV= has said it has agreed to be sold to private equity firm Bain Capital for £530 million. Life insurance giant LV= has said it has agreed to be sold to private equity firm Bain Capital for £530 million. The wording “LV= Liverpool Victoria” does not automatically redirect to the “Liverpool Victoria” page.We feel that changing the name to “LV=” would be reflective of the common usage of Liverpool Victoria Friendly Society Limited by the public. 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