Posts Tagged ‘assurer’

Bid for Friends Provident February 4th, 2008

US private equity group JC Flowers looks set to launch another approach for the UK life assurer, Friends Provident.  Shares in Friends have witnessed a sell off in recent months and following the release of a strategic review and subsequent further 10% fall on Thursday, shares ended the week at 136p.

The JC Flowers bid could value the company at 175p per share, a significant premium on the current price but below the 200p per share marker seen before the sell off.

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    • Venture Capital Trust
      A venture capital trust is similar to an investment trust in that it invests the money it receives in other businesses. In this instance, the businesses it invests in are new or unquoted companies that are looking for development capital. As such venture capital trusts are relatively high-risk investments. For investors willing to take on this risk there are income and capital gains tax benefits.