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RNS Number : 1656F

F&C Private Equity Trust PLC

12 June 2012

   To:                    RNS 
   Date:                12 January 2012 
   From:                F&C Private Equity Trust plc

Significant Realisation Within the Ordinary Share Pool

F&C Private Equity Trust plc ('the Company') announces the sale of its largest holding, Lifeways Community Care Limited, realising proceeds of GBP13.5 million, a premium of GBP3.4 million to the Company's latest valuation as at 31 March 2012.

Lifeways Community Care Limited, the UK's market leading provider of supported living services to adults with learning difficulties, has been sold by August Equity LLP to Canadian pension fund OMERS Private Equity. This investment has been held by the Company through the August Equity Partners I fund and directly as a co-investment. The total proceeds to the Company are GBP13.5 million, representing 3.0x original cost and an IRR of 25% over the holding period of nearly 5 years. The proceeds are GBP3.4 million above the latest valuation of the holding which is equivalent to 1.9% of the net assets of the Ordinary Share Pool as at 31 March 2012.

For more information, please contact:

 
 Hamish Mair (Investment Manager)       0131 718 1184 
                                         hamish.mair@fandc.com 
 Gordon Hay Smith (Company Secretary)   0131 718 1018 
                                         gordon.haysmith@fandc.com

This information is provided by RNS

The company news service from the London Stock Exchange

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