D&G provides cover for electrical products from more than 100 major brands including Samsung, John Lewis, Hoover, and Argos. The business underwent an £800m refinancing earlier this year to reduce existing debt.

Options under review include a sale to third parties, a merger, or transferring ownership into a continuation vehicle. Sources cited by Sky News suggested that a third-party disposal is CVC’s preferred route, though the timeline for a deal remains uncertain.

The move would conclude one of CVC’s longer-held portfolio positions, with D&G representing a rare long-term private equity investment beyond a decade.