26th Jan 2015 16:03
LONDON (Alliance News) - Funds managed by Inflexion Private Equity Partners LLP and Lloyds Development Capital Ltd have sold about 30% of NAHL Group PLC's shares, meaning they no longer hold a significant number of shares in the UK consumer marketing business.
Lloyds Development Capital is Lloyds Banking Group PLC's private equity arm.
NAHL, which focuses on the personal injury market, advertising through its core National Accident Helpline brand, floated on the London Stock Exchange's AIM last May. Inflexion and LDC were shareholders prior to the initial public offering.
Each investor sold close to 6.2 million shares at 225 pence per share.
Through the LDC Opportunity Club, LDC still has a beneficial interest in 12,356 NAHL shares.
NAHL shares were up 0.8% at 249.39 pence on Monday, ahead of its 200 pence per share IPO price.
By Samuel Agini; [email protected]; @samuelagini
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