LMS capital sells minority stake in Brockton Capital
Source - SMW
LMS capital said it sold its minority interest in Brockton Capital LLP and expects net proceeds and increase in net asset value in the region of £2.5 million.
The interests in Brockton LLP and the carried interest, were included in LMS' net asset value at cost being £97,000, and were wholly separate from and additional to the company's interest in the fund.
In 2006 LMS, together with three other cornerstone investors, backed the establishment of Brockton Capital LLP, a private equity real estate investment adviser, and became an investor in Brockton Capital Fund I LP, a real estate investment fund.
At 10:01am: (LON:LMS) LMS Capital PLC share price was +1.7p at 48.8p