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To: J. Conley who wrote (634)9/29/2000 12:54:51 PM
From: architect*  Read Replies (2) | Respond to of 955
 
J. Thanks for the link,
Based on Truegers discussions of "the $80 Billion asset management deal that got away" FBR's valuation of London Pacific Advisors LPA at $81 million could increase drastically if Ian Whitehead move to London and LDP 's marketing efforts to provide asset management for the largest financial institutions in UK / Europe is fruitful.

FBR's $1 billion valuation for the annuity division is in line with Trueger's estimates $1 B - $1.5 Billion.

I like FBR's 7 x multiplier for the private portfolio.

The public portfolio is worth over a $1 billion today.

have a good weekend

john