The LV= vote on the Bain takeover: what’s at stake
The fate of one of the UK’s oldest and largest mutual insurers will be decided on Friday as LV= members cast their ballots on a controversial takeover by US private equity firm Bain Capital.
The deal has played into a larger debate about the takeover of British companies by private equity and raised concerns among campaigners about the dwindling number of member-owned businesses in the UK.
We take a look at the controversy surrounding the sale of the 178-year-old insurer formerly known as Liverpool Victoria, which was founded to cover burial costs for Liverpool’s poor.
Why is LV=’s leadership recommending the Bain deal?
LV=’s leadership insists that the £530m deal is in its members’ best interests and will secure much-need capital meant to help
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