Asurion Nears Deal to Buy CVC-Backed Domestic & General (2)

Asurion LLC is in advanced talks to acquire Domestic & General Group Ltd. in a deal valuing the UK warranty business at £2.1 billion ($2.74 billion), according to people familiar with the matter.

A transaction for the company backed by CVC Capital Partners Plc could be announced within days, said the people, who asked not to be identified because the talks were private.

A final agreement hasn’t been reached and talks could still end without one, the people said. Representatives for CVC, Asurion and D&G declined to comment.

CVC first invested in Domestic & General in 2013. The Abu Dhabi ...