Acorn Owners Said to Weigh Options for £1 Billion UK Cab Insurer

The owners of British specialist motor and home insurer Acorn Group are exploring strategic options including selling a controlling stake in the company, according to people familiar with the matter.

The London black cab insurer’s shareholders, which include Inflexion Private Equity, are working with advisers at Continuum Partners to gauge interest from potential buyers in preparation for a potential sale process, said the people, who asked not to be identified to discuss private information. They could seek a valuation of £1 billion ($1.4 billion) or more for Acorn, the people said.