Just Group plc notes the Permira Funds announcement that they have sold their remaining 17.7% shareholding in the Group via a placing and are no longer a shareholder. This completes the exit process which began with the initial public offering of Just Retirement in 2013.
Rodney Cook, Group Chief Executive, said: “We congratulate the Permira Funds on completing their exit from Just Group. Permira’s backing since 2009 has helped transform our business, both in terms of capital and advice, and we warmly thank them for this. Although it marks the end of our relationship with Permira, their departure also represents the beginning of a fully standalone future.”
Paul Armstrong, Principal at Permira, added: “We are delighted to have partnered with the Just Group management team during this period of strong
performance and to have accompanied them more recently through the strategic merger with Partnership
Assurance. We wish them all the best for their continuing future as a listed company. ”
Click below to download the full release.