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- Domestic & General
Domestic & General Acquisition & Valuation
Domestic & General was acquired by Asurion for $2.7B in December 2025, a 2.0x multiple on $1.3B of revenue.
Domestic & General acquisition price
$2.7B
Acquired by Asurion · Dec 2025
Domestic & General revenue at acquisition
$1.3B
Last twelve months · Dec 2025
Domestic & General revenue multiple at acquisition
2.0x
EV/Revenue · Dec 2025
Key investors in Domestic & General
CVC Capital Partners
Abu Dhabi Investment Authority
About Domestic & General
Domestic & General is a London-headquartered specialist in extended warranties and insurance for appliances, consumer electronics, and home services. It partners with retailers like Currys, John Lewis, and manufacturers worldwide to cover repairs and replacements in the UK, France, Spain, and other European countries.
Founded
1912
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Product sales
Revenue
$1.3B (Dec 2025)
Valuation
$2.7B (acquired Dec 2025)
Sectors
Domestic & General Acquisition
Domestic & General was acquired by Asurion for $2.7B on 2 December 2025.
The acquisition price implies a 2.0x revenue multiple on $1.3B of revenue.
Domestic & General, one of the largest appliance care providers across the UK and Europe with over 110 years of history, offers warranties and repairs for appliances including refrigerators, washing machines, TVs, and boilers in 12 markets, protecting more than 22 million appliances. It maintains a repair network of over 25,000 independent engineers, serves 6.8 million subscription customers, and partners with manufacturers and retailers such as Whirlpool, Sky, Hoover-Candy, and John Lewis, achieving over two decades of uninterrupted organic revenue growth. The company is being acquired from CVC Capital Partners, which invested in 2013, and Luxinva S.A., a wholly-owned entity of the Abu Dhabi Investment Authority that acquired a 30% stake in 2019; Bloomberg reported a valuation of £2.1 billion ($2.8 billion). Asurion, a Nashville-based global leader in technology care, support, and protection with over 230 million customers—more than half on recurring subscriptions—partners with major wireless carriers like Verizon and AT&T, OEMs such as Samsung, and retailers including Amazon. The acquisition unites Asurion's omnichannel scale and digital innovations like predictive diagnostics, intelligent logistics, and AI-powered service with Domestic & General's deep service expertise to address the convergence of technology and appliances in the $154 billion connected home devices market, accelerating Asurion's vision to become the 'CTO of the home' by providing seamless care for connected devices and appliances worldwide, broadening markets, extending geographic reach, and creating new partnerships. Announced on December 2, 2025, the definitive agreement expects closure in mid-2026 pending regulatory approvals, with terms undisclosed. Domestic & General will operate as a business unit under its brand post-closing. Advisors include Goldman Sachs and Morgan Stanley for Asurion, Hogan Lovells as legal counsel, Rothschild & Co for CVC, and Latham & Watkins as CVC's legal counsel.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 2 Dec 2025 | Strategic M&A | $2.7B | 2.0x |
Domestic & General Funding History
Domestic & General has 1 recorded secondary share sale and no primary funding rounds.
| Date | Stage | Investors | Deal Summary |
|---|---|---|---|
| Jul 2019 | Secondary | Abu Dhabi Investment Authority; CVC Capital Partners | CVC funds agreed to sell a stake of about 30% in Domestic & General to Luxinva S.A., a vehicle wholly owned by the Abu Dhabi Investment Authority. CVC Fund VII remained the appliance care specialist's majority shareholder. Domestic & General protected around 23 million appliances for roughly 16 million customers across 11 countries in Europe and Australia, and had grown annual revenue from GBP 633 million to GBP 811 million since CVC funds first invested in 2013. The acquisition was expected to close by the end of 2019 subject to merger control and regulatory clearances. Terms were not disclosed. |
Who has invested in Domestic & General?
2 investors have backed Domestic & General across its funding rounds, including CVC Capital Partners and Abu Dhabi Investment Authority.
Domestic & General Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 Domestic & General investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Domestic & General
Domestic & General has acquired 2 companies to date.
Last acquisition by Domestic & General was on December 21st 2023. Domestic & General acquired Nana Academy for undisclosed valuation.
Latest Acquisitions by Domestic & General
| Description | Nana Academy is a Brooklyn-headquartered vocational training provider specializing in appliance repair for home services. The program delivers hands-on instruction, mentorship pairings, and job placements through a dedicated marketplace linking graduates to positions at manufacturers including Samsung Appliances and GE Appliances. Operating across the United States, it targets tradespeople entering the sector amid shifts from technological automation in industries like manufacturing and retail. Nana Academy extends its curriculum to related fields such as HVAC maintenance and electrical repairs, supporting workforce transitions in urban centers like New York City. | After Inc. is a Wayne, Pennsylvania-headquartered SaaS provider of end-to-end warranty lifecycle management platforms. The company automates service contract sales, claims processing, fulfillment, and analytics for manufacturers and retailers across North America and Europe. Notable clients include Lenovo, Epson, Sharp, and Premier Bankcard. Established in 2005, After Inc. powers post-sale programs through its AFX software suite, integrating with retail point-of-sale systems and CRM tools. |
| HQ Country | ||
| HQ City | San Francisco, CA | Norwalk, CT |
| Deal Date | 21 Dec 2023 | 1 Jun 2023 |
| Valuation | undisclosed | $64M |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Domestic & General acquisitions and their M&A valuation multiples. Start Free Trial | ||
Domestic & General Competitors
Domestic & General competitors include listed companies like BSP Financial Group, Vaudoise Assurances, Coface and Santam, and private ones like Corgi Insurance and Prismic Life Reinsurance.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $760M | - | $2.6B | - | ||
| Publicly listed | $2.1B | $246M | $2.7B | - | ||
| Private | $100M | - | $2.6B | 26.0x | ||
| Publicly listed | $1.9B | $422M | $2.7B | 2.3x | ||
| Publicly listed | $2.7B | $532M | $2.7B | 1.2x | ||
| Private | - | - | $2.9B | - |
Domestic & General Public Comps
Domestic & General is no longer listed, but its public comps include BSP Financial Group, Vaudoise Assurances, Coface, Santam, Allianz-Slovenska, Skyward Specialty, SiriusPoint, Brighthouse Financial, Hyundai Fire & Marine and Türkiye Sigorta.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $760M | - | 3.5x | - | - | - | |||
| $2.1B | $246M | 1.0x | - | 8.2x | - | |||
| $1.9B | $422M | 2.4x | 2.3x | 10.9x | - | |||
| $2.7B | $532M | 1.0x | 1.2x | 5.3x | 6.7x | |||
| $614M | $181M | 4.1x | - | 14.0x | - | |||
| $1.4B | $228M | 2.0x | 1.1x | 12.7x | - | |||
| $3.2B | $632M | 0.9x | 0.9x | 4.6x | - | |||
| $6.4B | $626M | 0.9x | 0.7x | 9.2x | - | |||
This data is available for Pro users. Sign up to see all Domestic & General competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Domestic & General
| When was Domestic & General founded? | Domestic & General was founded in 1912. |
| Where is Domestic & General headquartered? | Domestic & General is headquartered in Cardiff, United Kingdom. |
| Is Domestic & General publicly listed? | No, Domestic & General was acquired by Asurion in December 2025. |
| Who acquired Domestic & General? | Domestic & General was acquired by Asurion in December 2025. |
| How much was Domestic & General acquired for? | Domestic & General was acquired for $2.7B in December 2025, a 2.0x revenue multiple. |
| Who are Domestic & General's investors? | Domestic & General's investors include Abu Dhabi Investment Authority and CVC Capital Partners. |
| Which companies are comparable to Domestic & General? | Companies comparable to Domestic & General include BSP Financial Group, Vaudoise Assurances, Corgi Insurance, Coface, Santam and Prismic Life Reinsurance. |
| How many companies has Domestic & General acquired? | Domestic & General has acquired 2 companies, including Nana Academy and After. |
| What was the largest acquisition by Domestic & General? | The $64M acquisition of After in June 2023 is the largest acquisition Domestic & General has made to date. |
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