CVC Capital Partners is reportedly looking to sell off car-parts retailer Kwik-Fit.
The private equity firm acquired Kwik-Fit in August 2002 for £330m. It is reported to be looking to sell the company for more than £700m.
Kwik-Fit has developed its insurance services while under the CVC Capital Partners umbrella, offering motor and motorcycle insurance to its customers.
The latest figures show that the company has an annual turnover of about £750m, with profits of £60m.