Firm said share plans are ‘incredibly rare’ in private equity-owned businesses
Payroll and HR software solutions business bought Benefex in 2018
Pensions, health and benefits admin business has 3,500 employees and 1,100 clients globally
Mercer sells UK admin arm to form employee benefits and pensions company Aptia
Member interest cited as a key concern of bringing the mutuals together
Chair steps down amid offer to create 'well-capitalised mutual'
Chair of LV= to step down after too few members voted for the deal
The Bain Capital bid will go to a shareholder vote next month
LV= has agreed to sell its remaining pensions and insurance businesses to private equity firm Bain Capital for £530m.
After speculation gained traction over the weekend, LV= has revealed it is in exclusive talks with Bain Capital over the sale of its remaining pensions and insurance business.