Hornbuckle Mitchell denies troubled takeover talks with LV=

clock

SIPP provider Hornbuckle Mitchell has denied it is in rocky negotiations with LV= about a possible takeover deal.

In August, Hornbuckle denied it has entered negotiations with LV= exclusively, maintaining it is looking for investment in the company and is talking to a number of potential partners. Sources claim LV= has come across a large potential liability within Hornbuckle which has scuppered the current takeover offer. According to the source, there is still the possibility of another takeover deal, but one in which LV= would pay far less for Hornbuckle, and pay out in stages over three to four years. This, the source said, would limit the damage to LV= if Hornbuckle's liability significan...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

IHT on pensions changes making 'vast' changes to advisers' working lives

IHT on pensions changes making 'vast' changes to advisers' working lives

Spending more time improving understanding of shifting framework

Isabel Baxter
clock 13 August 2025 • 4 min read
Retail investing overtakes pension funds as investment industry hits record £10trn AUM

Retail investing overtakes pension funds as investment industry hits record £10trn AUM

Investment Association finds

Patrick Brusnahan
clock 13 August 2025 • 1 min read
The advice business: PWM's Fiona Oliver on coaching-led leadership

The advice business: PWM's Fiona Oliver on coaching-led leadership

‘It’s not about asserting authority, it’s about helping others find their own path’

Jenna Brown
clock 13 August 2025 • 5 min read