Insurer LV to be sold to an USA private equity group
 

BBC text:
["Fury" about the proposed sale of insurer LV - currently
owned by its 1.2 million members - to private equity
"predators" Bain Capital is the lead story
in the Daily Mail. The paper says private
equity companies have become
notorious for taking quick profits
while slashing jobs and leaving
behind long-term problems.]


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Times Newspaper :
[An American private equity group
is closing in on a takeover of one
of Britain’s biggest mutuals in a deal that could
be valued at more than £500 million.]

[Bain Capital has entered exclusive talks
to acquire LV=, the life assurance and pensions group
formerly known as Liverpool Victoria.]

this is just stupid. There have been countless buyouts of building societies over the years all perfectly fine