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
-
Parental contributions to kids' university living costs could reach £14,000 a yearParents helping kids with university living costs face contributions of up to £14,000 per year, according to a report from HEPI and TechnologyOne.
-
Rightmove: property asking prices hit record highNews Rising demand for top of the ladder home is boosting asking prices, Rightmove research shows. Is now a good time to sell a property?
