Link agrees £224m sale of Woodford healthcare assets

David Brenchley
clock • 2 min read

Link Fund Solutions (LFS) has agreed to sell 'a significant portion' of Woodford's stricken LF Equity Income fund's holdings to US firm Acacia Research Corporation for up to £223.9m. The deal packages up 19 healthcare assets held by Neil Woodford's former fund, which comprise both listed and unlisted stocks including Theravance Biopharma, Oxford Nanopore and Rutherford Health. LFS confirmed the deal to investors on Friday (5 June), after reports emerged earlier in the week a deal was close. It is more than a 50% writedown to the values LFS had reportedly been close to securing from a ...

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