Bain ups fight to save LV= takeover
Evening Standard|November 15, 2021
BAIN CAPITAL today sweetened its offer for LV= as the private equity company fights to win approval for the controversial deal.
Oscar Williams-Grut

Bain shared fresh details of the proposed takeover and pledged not to saddle the insurer with debts.

The private equity giant said it will invest £264 million to safeguard the pensions of more than 10,000 policyholders and staff. Bain had previously committed to investing £168 million to fund pension liabilities.

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