Jameson Smith & Co Ltd

Visit our website for more information on business debt and insolvency solutions at https://www.companydebt.com

Wednesday 15 August 2012

Lloyds Sells Private Equity Portfolio

Lloyds Banking Group has sold-off its private equity investment portfolio to Coller Capital for £1 billion.

In the lead up to December 2011 the portfolio had business debts of around £40 million so the sale will come as a pleasant surprise to many tax payers.

Coller Capital specialises in helping to provide an escape route for businesses looking for an early get-out from their equity investments.

It is said that the transaction made Lloyds around 100p in the £1.