Consumer

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

D&G provides warranties and repair for everything from refrigerators to washing machines across Europe.

Photographer: SeongJoon Cho/Bloomberg

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 statementBloomberg Terminal Tuesday. The transaction is expected to close in the middle of next year. Terms of the deal weren’t disclosed.