(Bloomberg) --Private equity firms EQT AB and Vitruvian Partners are working with advisers as they explore strategic options for their investment in cyber insurer CFC, according to people familiar with the matter.
The buyout group has appointed Evercore Inc. and Goldman Sachs Group Inc. to prepare London-based CFC for a potential sale or initial public offering, the people said, asking not to be identified discussing private information. A deal could value the company in the region of £5 billion ($6.8 billion), they said.
The company and its owners have been considering London and New York as venues for a potential listing, the people said, adding no final decisions have been made and there's no certainty that a transaction will materialize.
Representatives for EQT and Evercore declined to comment, while those for CFC, Vitruvian and Goldman didn't immediately respond to requests seeking comment.
The efforts come amid a period of heightened deal activity involving UK insurance groups. Fellow cyber insurer Beazley Plc has
Founded in 1999, CFC offers coverage for businesses against specialty risks such as transaction liability and product recalls. It specializes in cybersecurity risks, including cybercrime and data breaches. Active in several markets including Lloyd's of London, the group
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