Axa to sell some of its UK businesses

Thu, 27 Aug 2015 | BUSINESS SALE

Axa is set to sell some of its UK businesses as they are reportedly struggling to stand up under tough market conditions.

Industry insiders have told the FT Adviser that Barclays have been appointed to handle the sale of a number of different businesses held under the Axa Group parent company.

Among the businesses operated by Axa in the UK are Axa Wealth, Axa PPP Healthcare and the general insurance division Axa Direct. They are still showing signs of growth with Axa Wealth publishing growth in the year to the end of December 2014 as its funds under management grew by 11 per cent.

An industry expert told the FT Adviser: “Axa Group has got lots of different companies doing different things. Axa Group bought up a number of companies in the UK, and it has turned into a complete shambles. The UK is a heavily regulated market – margins are increasingly tight.

“Axa Group would be thinking: ‘We might as well get out and put our money elsewhere.’”

Analysts added that the UK is not a major focus for Axa Group as it has its sights set on emerging markets.

The news comes shortly after Axa announced that it is looking at increasing its share of the insurance mid-market through the introduction of a tailored broker proposition.

View more businesses for sale.

Share this article

Latest Businesses for Sale

BMW After Market Specialist
UK Wide

A rare opportunity to acquire a long established, profitable, BMW After Market Specialist, with an excellent reputation. Trading profitably since 1994. Offering complete automotive performance, engineering and styling solutions. This is a retirement...

Asking Price: Offers Invited
Turnover: £726,000

Provider of Coffee Machines & Related Products
South East, UK

Provides an extensive range of coffee machinery, which is imported from Italy and Spain, and coffee products, which are sourced within the UK. Offers invited.

Asking Price: Offers Invited
Turnover: £1,000,060


International Export Services
North West, UK

One of the UK's leading end-to-end service providers. Comprehensive export handling, packing and storage services, providing specialist cargo and goods management to a wide variety of international operations and private clients. 40+ years of success...

Asking Price: Offers Invited
Turnover: £1,300,000

View more businesses for sale

News Search

Latest News


Yorkshire engineering firm completes MBO deal | MBO/MBI

A West Yorkshire engineering group has been taken over by th...


Jewellery retailer enters administration | ADMINISTRATION

A Nottingham-based jewellery and watches company has fallen ...


Luxury lodging group enters administration | ADMINISTRATION

An Essex-based company which operates eight luxury lodge par...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide


Related News


MBO completed at Nottingham IT supplier | MBO/MBI

A Nottingham-based firm that provides IT solutions to a rang...


Barclays sells indices and analytics business | BUSINESS SALE

Barclays has confirmed that it has sold its risk analytics a...


AXA to offer wrap platform in private equity sale | BUSINESS SALE

AXA is set to offer its wrap platform Elevate to private equ...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources