Asurion Agrees to Buy CVC-Backed UK Warranty Provider D&G (1)

Asurion LLC has agreed to acquire UK warranty business Domestic & General Group Ltd. as the US company looks to expand its business and geography.

Nashville-based Asurion is buying D&G from CVC Capital Partners Plc and the Abu Dhabi Investment Authority, according to a statement Tuesday. The transaction is expected to close in the middle of next year. Terms of the deal weren’t disclosed.

Bloomberg News reported last month that Asurion was in advanced talks to acquire D&G in a deal valuing the UK company at £2.1 billion ($2.8 billion).

D&G provides warranties and repair for everything from refrigerators ...