Bankers discuss the disposal of shares in Alexander Forbes
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.”