GCIAugmentum Fintech portfolio firm Farewill to be acquired by Dignity
responded to the proposed acquisition of its portfolio company Farewill by Dignity on Thursday.
The London-listed fintech fund said Dignity, controlled by Castelnau Group, was set to acquire Farewill, which it described as a digital platform that provides financial and legal services for death and after-death matters.
It said the acquisition remained subject to regulatory approvals.
Under the proposed terms, Augmentum would receive shares in Castelnau Group as consideration for its holding in Farewill.
Augmentum said the transaction was not expected to result in any material change to its net asset value.
The company first invested in Farewill in January 2019, with completion of the acquisition expected to occur after 1 January next year.
At 1422 BST, shares in Augmentum Fintech were up 0.1% at 99.1p.
Reporting by Josh White for Sharecast.com.
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.