Jupiter to sell £100m Starling Bank stake at steep valuation discount
Sky News revealed several weeks ago that Jupiter, which owns close to 10% of Starling's equity in its UK Mid Cap Fund and elsewhere across its funds portfolio, had instructed bankers at Citi to find buyers for the holding.
The fund's other private holding is a modest stake in Secret Escapes, an online travel company which has a much lower valuation than Starling. It is said to be working on a number of substantial contracts for its software-as-a-service subsidiary Engine, and Ms Boden and Engine executives travelled to Australia recently to negotiate deals.
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