Sabre tipped for £600m stock market float

Car industry

Motor insurer Sabre could be set to float on the Stock Exchange as part of a sale valuing it at £600m.

The Evening Standard reported that majority owner BC Partners is selling the insurer which is known for its Insur2Drive, Drive Smart and Go Girl brands.

Private equity
However, according to the article, a number of private equity houses are also in the running to buy the provider with Warburg Pincus believed to be the front-runner in this field.

BC Partners bought its majority stake in Sabre