F&C Private Equity Trust sells biggest holding

published 12 June 2012

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.