F&C Private Equity Trust sells biggest holding
F&C Private Equity Trust has announced the sale of Lifeways Community Care, its largest holding and the UK's market leading provider of supported living services to adults with learning difficulties.
F&C Private Equity Trust has announced the sale of Lifeways Community Care, its largest holding and the UK's market leading provider of supported living services to adults with learning difficulties.
Lifeways was sold to Canadian pension fund OMERS Private Equity for £13.5m, a premium of £3.4m to the company's latest valuation at March 31st this year.
The total proceeds to the company represent three times the original cost and an internal rate of return of 25% over the holding period of nearly five years.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Caledonia Investments tackles its discount
Family-controlled trust Caledonia Investments has launched share buybacks and is proposing a stock split
-
What is a trust – and should you use it to avoid inheritance tax?
Trusts are surging in popularity as a way to avoid inheritance tax, according to financial advisers on the frontline of estate planning. We look at what trusts are and if they are right for you.