Five bidders for Irish Life

JC FLOWERS & Co is among five bidders vying to buy Irish Life & Permanent’s life assurance unit, the biggest insurer of its kind in the country.

Five bidders for Irish Life

JC Flowers has teamed up with Apollo Global Management, another private equity firm, to make a joint bid, according to three people with knowledge of the discussions.

London-based CVC Capital Partners and Great-West Lifeco’s Canada Life Ireland and US insurers Unum and Delphi are the other bidders.

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