Domestic & General  (UK)

Galaxy Finco Ltd

1912

Private

Status: Repaid


7.875%

Maturity Date

15 Nov 2021

Repaid On

30 Jul 2019

Interest Period

6 months

Unsecured, guarantees from parent

Industry

Consumer & Food

£175,000,000

ISIN

XS0985950152

* Current Yield and Yield to Maturity are an estimated return calculation and not guaranteed. All yields shown are gross of Taxation and our Service Fee.

Business Description

Domestic & General is the leading specialist provider of warranties and warranty services for domestic appliances and consumer electronic products in its home UK market and a leading specialist provider in several of its international markets, with strong and growing international operations in Germany, Spain, Portugal, France, Italy and Australia.

Domestic & General was founded in 1912, initially trading as ‘The Western Australian Insurance Company’ which insured livestock during transportation. Over the 20th century, the company shifted its focus to insuring household appliances with continued growth supported by expansion into Europe.

From the early 1980s, it steadily built its position as a leading provider of insurance on domestic and electrical appliances and heating systems, gradually withdrawing from other areas of general insurance. By 1988 Domestic & General had listed on the LSE & by 1989 it had 1 million customers. Success begets success and the company expanded rapidly into germany and spain.

Fast forward to the 21st century and Domestic & General Group Limited is a private company, acquired by CVC Capital Partners on the 19th December 2013.

Capital at risk. No FSCS cover. See Risk Statement.

 

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