CFC backers exploring ‘strategic options’ as sale rumours resurface

CFC’s owners are exploring “strategic options” for a sale, according to a report by Bloomberg.

Citing people familiar with the matter, the article said that EQT, which invested in CFC in 2021, and Vitruvian Partners, which has backed the cyber insurer since 2017, had appointed Evercore and Goldman Sachs to look at a potential sale or initial public offering (IPO).

An IPO is when a private company sells shares to the public for the first time on a stock exchange.

This follows the Financial Times (FT) reporting in July 2025 that CFC is exploring a UK listing that could value it at £5bn.

The FT said that according to people familiar with the matter at the time, no final decisions have been taken yet.

The report also stated that the specialist could seek to list on another exchange, such as in the US, with discussions still in early stages and any deal unlikely before the second half of next year.

Refinancing

This comes after CFC completed a $1.7bn debt refinancing, marking a milestone in the company’s ongoing strategy to optimise its capital structure and reduce its cost of capital.

Louise O’Shea, group chief executive at CFC, said: “This refinancing enhances our financial flexibility, positioning us well for future growth and ultimately enabling us to add greater value to our clients and partners.

“We are grateful for the support of our investors and the dedication of our teams who made this transaction a success.”