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CFC Owners Said to Tap Banks for Sale, IPO of £5 Billion Insurer

Private equity firms EQT AB and Vitruvian Partners have engaged Evercore and Goldman Sachs to explore a sale or initial public offering of cyber insurer CFC, targeting a valuation around £5 billion. The advisers are assessing both London and New York as potential listing venues, though no decision has been made. CFC, founded in 1999, reported £153.2 million of adjusted EBITDA in 2024 and specializes in cyber‑risk coverage. The move comes amid a wave of high‑profile insurance transactions in the UK, including Beazley’s £8 billion take‑private deal.