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Headway Capital Partners and Committed Advisors back Loudwater spin-out

10 Sep 2013

pounds11_sqSecondary firms Headway Capital Partners and Committed Advisors have agreed to back the spin-off of Loudwater Trust’s assets.

The company, which has recently announced plans to de-list from the AIM market of the London Stock Exchange, will sell its remaining investments to the two firms for £10.53m and appoint a liquidator.

Loudwater said in a statement that it will distribute sale proceeds to shareholders and has proposed to wind down operations.

The decision followed talks with shareholders, which wanted to realise illiquid investments, said Dow Jones, citing a person familiar with the situation.

Earlier this year AltAssets reported that Headway was about halfway to hitting its €250m target for its third fund.

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