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
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
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
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
-
Skipton launches a retirement bond with monthly income – is it any good?
The building society has launched a new three-year fixed-rate bond for those aged 66 and over. Can it boost your retirement income?
By Katie Williams Published
-
Pensions: 140,000 pensioners to be hit by surprise tax demand
Tens of thousands of pensioners will be written to over the summer because their pensions have gone above the frozen income tax thresholds
By Chris Newlands Published