Thursday 2 December 2010

Barclays Private Equity nets £27m with LSL Property Services exit - Financial - Business News - Business - Birmingham Post

Barclays Private Equity nets £27m with LSL Property Services exit - Financial - Business News - Business - Birmingham Post

Barclays Private Equity has sold its remaining 12.6 per cent stake in LSL Property Services, realising proceeds of £27 million.

The Birmingham office of Barclays Private Equity originally backed the management buyout of LSL, which is made up of e.surv and Your Move, in July 2004 from Norwich Union – now Aviva – for a total consideration of £42.5 million.

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