Woodford IM to hire bankers to sell private holdings in Equity Income

Aimed at releasing hundreds of millions of pounds

Woodford Investment Management is set to hire bankers PJT Park Hill to sell private holdings in the gated Equity Income fund, such as Atom Bank and Oxford Nanopore.

The move, part of a rescue bid aimed at releasing hundreds of millions of pounds, is expected to be finalised within days, according to Sky News. PJT Park Hill, a division of the investment bank PJT Partners, is expected to consider disposals of the illiquid stakes to a single or multiple buyers. MSCI: 85% of Woodford's portfolio was illiquid Sources told Sky News that Atom Bank and the life sciences companies Oxford Nanopore and Proton Partners were among the holdings in the Equity Income fund and that manager Neil Woodford would not consider selling the stakes at a discount. E...