Boston-based Bain Capital under fire over Jersey incorporated vehicle for LV sale

clock • 2 min read
Boston-based Bain Capital under fire over Jersey incorporated vehicle for LV sale

British mutual insurer LV will be acquired using a Jersey incorporated company if members agree to the sale of the business to US private equity firm Bain Capital. Bain has established a Jersey-based company called BCC Blake Bidco Ltd to carry out the acquisition, according to correspondence between an independent expert and Gareth Thomas, a Labour MP and shadow minister of international trade. It is understood that the status of bidco, and another company holdco, is that they are Jerse...

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