May 14, 2018 / 6:14 AM / 6 months ago

BRIEF-Hg sells JLA to Cinven, terms not disclosed

May 14 (Reuters) - HgCapital Trust PLC:

* ANNOUNCES SALE OF JLA TO CINVEN. TERMS NOT DISCLOSED.

* SAYS SALE OF JLA DELIVERS A C. 4.9X INVESTMENT MULTIPLE AND A C. 26 PCT GROSS IRR OVER INVESTMENT PERIOD.

* SAYS THIS TRANSACTION VALUES COMPANY’S INVESTMENT IN JLA AT APPROXIMATELY 34.2 MILLION POUNDS. Source text for Eikon: Further company coverage: (Reporting By Simon Jessop)

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