Advent sell Domestic & General to CVC Advent bought the business, which provides insurance on major appliances and electronic products to 15m customers, in 2007. Since buying the company it has expanded its non-UK business and now generates a quarter of its £600m of annual sales from outside the country. "We very much welcome the support, opportunities and resources which CVC will bring to D&G to enable us to build further on our success to date in the UK and internationally," said John Pearmund, chief executive of Domestic & General. CVC has commitments from investors for funds of more than $60bn (£39bn) and since being founded in 1981 has taken part in over 300 deals with a combined value of in excess of $150bn. Advent has not said how much it sold Domestic & General for, however the business was thought to be worth about £750m, including debt. Barclays has part financed the deal, along with Credit Suisse, BNP Paribas, Goldman Sachs, Morgan Stanley, Societe General and UBS. UBS also acted as advisers to CVC.