Core Viewpoint - Asurion LLC is acquiring Domestic & General Group Ltd. to expand its business and geographic reach, with the deal expected to close in mid-2024 [1][2]. Group 1: Acquisition Details - The acquisition is valued at £2.1 billion ($2.8 billion) [2]. - Domestic & General provides warranties and repairs for various appliances across Europe, the US, and Australia, protecting over 22 million appliances in 12 markets [2]. - The transaction involves the sale from CVC Capital Partners Plc and the Abu Dhabi Investment Authority [1][3]. Group 2: Company Background - Asurion, based in Nashville, Tennessee, specializes in insurance for mobile phones and electronic devices, partnering with major carriers and companies like Verizon, AT&T, Amazon, and Samsung [3]. - Domestic & General was founded in 1912 and listed in London in 1991, originally insuring cattle transport [2]. - CVC Capital Partners first invested in Domestic & General in 2013, and the Abu Dhabi Investment Authority acquired a 30% stake in 2019 [3]. Group 3: Leadership and Support - Guru Gowrappan was appointed as CEO of Asurion in October [4]. - Asurion's backers include Madison Dearborn Partners and Providence Equity Partners [4].