Article: Life office goes to pub investors.(HHG PLC announced that it will be renamed Henderson Group)(Brief Article)

HHG has sold its life office arm Life Services to a private equity company best known for investing in pub chains.

HHG's closed UK life funds -- including Pearl, NPI, National Provident Life and London Life -- have been bought for AGBP1.025bn by Sun Capital Partners, an investment company co-founded by entrepreneur Hugh Osmond.

Subject to regulatory approval, the deal means 4.8m policies, representing liabilities backed by assets of AGBP26bn, will be owned by the Life Company Investor Group, a new company formed by Sun Capital Partners and TDR Capital.

Following the announcement HHG, which still owns ...

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