Company was approached by Cinven, KKR and Apax
Troubled home repair and insurance firm HomeServe has turned down a £1bn approach from private equity buyers, according to The Telegraph.
The paper said the company, which has been embroiled in an FSA investigation over alleged policy mis-selling, had been approached by buy-out firms Cinven, KKR and Apax.
It added that despite the knock-back, the private equity firms were continuing to monitor the situation in case the FSA investigation prompted Homeserve’s board to reconsider their decision not to sell.
HomeServe revealed in May that the FSA was investigating alleged mis-selling of the company’s household emergency policies.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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