"They Own This 'Structured Settlement Company' and Need Cash Now
It's JG Wentworth, JLL Wants Out NOW
JLL Wants Out NOW! "
Yes, the news is out that JLL Partners, the private-equity firm that has owned JG Wentworth, is seeking to cash out of the company that is the leading purchaser of structured settlement payment rights from annuitants.
The New York Post broke the News in this late night August 1, 2012 posting on its website
The New York Post says:
- "JLL’s asking price of nearly 10 times pretax profit might give some prospective buyers pause, said one source".
- A "potential obstacle to the sale is that the company tends to be in a scrutinized area of finance and has been the target of a number of lawsuits".
- "The tougher regulatory environment could also be a problem in the company’s business plan in the future".
Other competing business models are in play which seek to offer selling annuitants a consistent lower cost alternative to the big advertisers.
Our April 2, 2012 post "J.G. Wentworth to Go Public?"