Esure owner Bain eyeing up sale – report
Esure is possibly up for sale, as private equity firm Bain Capital has lined up advisors, according to Reuters.
Bain bought home and motor insurer Esure in 2018 in a deal which valued the business at £1.2bn.
According to Reuters potential bidders include Ageas which told the news outlet it never comments on market rumours.
RelatedEsure posts trading and post-tax losses for 2023Esure swapped a trading profit of £49.8m in 2022 for a loss of £16.7m last year, the insurer has confirmed.
Earlier this year the Belgian insurer ended its takeover plans of Direct Line Group after being rejected twice, having valued
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