EQT and Vitruvian Partners are evaluating a potential sale or IPO of cyber insurer CFC, with sources indicating a £5bn valuation. The private equity firms have enlisted Evercore and Goldman Sachs to prepare CFC for a strategic exit, considering London and New York as possible listing venues. CFC, established in 1999, specializes in cybercrime, data breach, and transaction liability coverage, reporting £153.2m adjusted EBITDA in 2024.

The move reflects heightened UK insurance sector activity, including Zurich’s £8bn Beazley acquisition and Radian’s $1.7bn Inigo purchase. EQT’s 2022 investment alongside Vitruvian and CFC’s management underscores the deal’s significance. While no final terms are set, the process highlights investor interest in niche insurers amid digital risk growth.