Bankers discuss the disposal of shares in Alexander Forbes

David Hellier
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ALEXANDER Forbes, the financial services company that owns actuarial consultancy group Lane, Clark & Peacock, is considering listing up to 25 per cent of its shares on the Johannesburg stock exchange, according to City A.M. sources.

The company is owned by a private equity-led group which consisted at the time of the 2007 $1bn buy-out of Ethos Private Equity Fund V and Harbourvest, Ontario Teachers’ Pension Plan, Caisse de depot et placement du Quebec, and certain black economic empowerment partners.

Global investment bankers have visited with a view to getting a sale of a minority stake off the ground shortly.

Grant Stobart, chief executive at Alexander Forbes International Limited, said: “It is Alexander Forbes policy not to comment on market speculation.”