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
Sat, 20 Aug, 2011 - 01:00
Joe Brennan, Bloomberg

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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CourtsPlace: LondonPlace: USPlace: IrelandPerson: Finance MinisterPerson: Michael NoonanPerson: JC FlowersPerson: J Christopher FlowersOrganisation: Irish LifeOrganisation: JC Flowers & CoOrganisation: Irish Life & PermanentOrganisation: JC FlowersOrganisation: Apollo Global ManagementOrganisation: CVC Capital PartnersOrganisation: GreatOrganisation: West LifecoOrganisation: Canada Life IrelandOrganisation: UnumOrganisation: Deutsche BankOrganisation: Department of FinanceOrganisation: EBSOrganisation: AIBOrganisation: JCOrganisation: Bank of IrelandOrganisation: Fairfax Financial HoldingsOrganisation: WL Ross & CoOrganisation: Fidelity Investments
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