Update: Link completes Woodford-Acacia deal as LF Equity Income value reduces after Ombu deal

Total distribution to investors nears £2.5bn

clock • 4 min read

Link Fund Solutions has confirmed the healthcare assets sold from the Woodford Equity Income fund were transferred to Acacia Research Corporation on 3 December, as investors were dealt a further blow by the writedown of the fund’s holding in Ombu Group.

Link said the completion of its sale of a 19-strong portfolio of healthcare companies to Acacia in June for more than £220m as part of the winding of the now LF Equity Income fund had facilitated a fourth capital distribution on 11 December. Meanwhile, the sale of portfolio holding Ombu, a specialist investor in early and growth stage environmental technologies, to a fund anchored by venture capital firm Hambro Perks was confirmed on Monday (21 December). The deal for Ombu was worth £30m, according to weekend reports from the Telegraph. That represents a 71% discount to Ombu's previou...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Cash in Conversation: A poll for financial advisers

Cash in Conversation: A poll for financial advisers

Professional Adviser
clock 29 October 2024 • 1 min read
The challenges and opportunities for active managers

The challenges and opportunities for active managers

'We believe good active managers always have a place in a portfolio'

Darius McDermott
clock 29 October 2024 • 5 min read
What have the UK's smaller companies ever done for us?

What have the UK's smaller companies ever done for us?

'Those that know where to look can unearth highly attractive opportunities'

Professional Adviser
clock 21 October 2024 • 4 min read