Update: Link completes Woodford-Acacia deal as LF Equity Income value reduces after Ombu deal

Total distribution to investors nears £2.5bn

clock • 4 min read

Link Fund Solutions has confirmed the healthcare assets sold from the Woodford Equity Income fund were transferred to Acacia Research Corporation on 3 December, as investors were dealt a further blow by the writedown of the fund’s holding in Ombu Group.

Link said the completion of its sale of a 19-strong portfolio of healthcare companies to Acacia in June for more than £220m as part of the winding of the now LF Equity Income fund had facilitated a fourth capital distribution on 11 December. Meanwhile, the sale of portfolio holding Ombu, a specialist investor in early and growth stage environmental technologies, to a fund anchored by venture capital firm Hambro Perks was confirmed on Monday (21 December). The deal for Ombu was worth £30m, according to weekend reports from the Telegraph. That represents a 71% discount to Ombu's previou...

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