The owner of Kwik-Fit is to sell the business after deciding not to float...
The owner of Kwik-Fit is to sell the business after deciding not to float it on the stock market, according to reports.
The investment group CVC Capital Partners hopes to raise as much as £800m from the sale. Last year CVC bought the AA which, like Kwik Fit, owns a significant insurance broking operation.
Details of the sale were sent to a number of potential bidders on Wednesday and several buy-out firms are thought to be interested.
