LV= confirms exclusive discussion with Bain Capital

Earlier this week, we reported that Sky News had hinted that Royal London was on the verge of acquiring LV= to create a ‘mutual champion'. It also claimed that the discussions were not exclusive, with Bain Capital, the private equity back of esure, also keen on a deal. Today, however, LV= has confirmed that it is in exclusive discussion with Bain Capital, seemingly putting the Royal London rumours to bed. An LV= statement said: "As previously stated, LV='s board's focus is on maximising long-term value for its members and ensuring the business continues to be operated in their best...