Mon, 23 May 2011 | BUSINESS SALE
Rumours have surfaced that the British arm of the emergency cover provider, EuropAssistance, is to be sold off by its Italian parent company, according to sources at Sky News.
According to the report, the Italian insurance group, Generali, is looking to offload its British operation, and has appointed advisory firm, Fenchurch Advisory Partners to begin a search for potential buyers for the business.
It is believed that the value of the sale could run in to tens of millions of pounds and that most of the interest in buying the company is likely to come from private equity firms and other insurance companies.
EuropAssistance is a national provider of general emergency service work, ranging from roadside motoring repairs to domestic damage caused by burst water pipes to the effects of having your identity stolen.
The news that the UK operation is to be sold comes not even a week after the company completed an overhaul its senior UK management team. Peter Dingle was appointed last week as commercial director, completing a new-look top table that also saw David St Clair appointed as director of operations and Latif Sayani as chief financial and information officer.
In a statement released last week, the UK's managing director, Patrick Leroy, said he was delighted to have the new team in place ready for the company to "move into an exciting period".
Specialist commercial and industrial gas pipework company delivering a comprehensive range of services from the design to installation of gas pipework systems for a range of clients across the UK including a series of government agencies. The company...
A unique Insurtech solution for airlines and insurance companies to cover flight delay compensation liabilities and manage processing and payment for such claims through an innovative cloud-based software platform by bringing the airlines insurance a...
A renowned high-spec event and exhibition solutions company offering seamless project management from concept to completion with in-house design and production. Through its global reach and blue-chip clientele the company specialises in bespoke innov...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.