Patrick Snowball, the former head of Aviva’s UK operations, has teamed up with BC Partners and Apollo Management for a possible bid for Royal Bank of Scotland’s insurance assets, put up for sale last year in a multi-billion pound auction. The FT revealed in November that Snowball was talking to some private equity groups with an interest in RBS Insurance, including BC Partners. No bid has yet been tabled but the consortium is expected to decide within the next couple of months whether to make an offer. It should also become clear shortly whether RBS will continue with the auction, amid doubts that it will do so.

This entry was posted by Gwen Robinson on Monday, January 12th, 2009 at 5:27 and is filed under Capital markets, People, Private equity. Tagged with apollo, BC, RBS Insurance. Edit this entry.