CVC Capital Partners is exploring options for the sale of Domestic & General (D&G), one of the UK’s largest appliance warranty providers, in what could mark the end of a 12-year investment, SkyNews reports.
The Amsterdam-listed private equity firm acquired D&G from Advent International for around £750m in 2013. It has since sold a 30% stake to the Abu Dhabi Investment Authority in 2019 and weighed the possibility of relisting the business on the London Stock Exchange.
D&G provides cover for electrical products from more than 100 major brands including Samsung, John Lewis, Hoover, and Argos. The business underwent an £800m refinancing earlier this year to reduce existing debt.
Options under review include a sale to third parties, a merger, or transferring ownership into a continuation vehicle. Sources cited by Sky News suggested that a third-party disposal is CVC’s preferred route, though the timeline for a deal remains uncertain.
The move would conclude one of CVC’s longer-held portfolio positions, with D&G representing a rare long-term private equity investment beyond a decade.
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