LMS Capital To Wind Down Amid Investor Unrest

Law360, New York (October 11, 2011, 5:39 PM EDT) -- U.K.-based private equity firm LMS Capital PLC said Monday that it will sell off its assets and return the proceeds to shareholders, after failing to buy out a group of investors that disagreed with its investment strategy.

LMS, which had an assets of £252.4 million ($354 million) as of June, is planning to hold a meeting to tell shareholders about its plan to start an organized wind-down, the company said in a statement. The date of the meeting was not specified.

“It would be in the...
To view the full article, register now.