Electra to list Hostmore as vehicle for TGI Friday 63rd+1st brands
16th Jun 2021 10:59
(Sharecast News) - Private equity outfit Electra on Wednesday said it planned to demerge its TGI Fridays restaurant and bar chain later this year via a new listed vehicle.
Read moreElectra gets £104m from AXIO sale of OAG
16th Feb 2017 07:40
(ShareCast News) - Epiris, the portfolio manager of buyout fund Electra Private Equity, said its portfolio company AXIO Group has sold aviation intelligence group OAG, to funds managed by Vitruvian Partners for around $215m. Electra has received proceeds from AXIO of £104m, an uplift of £28m or 37%
Read moreElectra Private Equity to sell audio console manufacturing business
3rd Feb 2017 07:04
(ShareCast News) - Epiris, the portfolio manager of buyout fund Electra Private Equity, is to sell its Audiotonix business, which manufactures audio mixing consoles, to European private equity firm Astorg. From the sale, which is expected to close in the first quarter of 2017, Electra will receiv
Read moreElectra Private Equity pockets £45m from Davies sale
30th Jan 2017 10:11
(ShareCast News) - Epiris, the portfolio manager of buyout fund Electra Private Equity, has sold insurance claims service provider Davies Group to US-based private equity firm HGGC for £90m. Electra has received proceeds of £45m from the sale, which is a £2m uplift on the valuation of its investment
Read moreElectra's Espiris sells Innovia for $1.13bn
20th Dec 2016 07:24
(ShareCast News) - Private equity outfit Electra, said on Tuesday its portfolio manager Epiris had sold Innovia Group, a manufacturer of speciality films and substrate for polymer banknotes to CCL Industries for an enterprise value of $1.13bn. Based on today's exchange rates, Electra would receive p
Read moreElectra Private Equity bags £405m from caravan sites sale
19th Dec 2016 07:27
(ShareCast News) - Electra Private Equity is due to receive roughly £405m proceeds from the £1.35bn sale of Parkdean Resorts to Canadian investors Onex Corporation. The sale of the caravan park owner, which is expected to complete on 1 March 2017, will see an uplift of £25m on Electra's book value i
Read moreElectra Private Equity posts solid returns
9th Dec 2016 07:08
(ShareCast News) - Electra Private Equity posted its preliminary results for the year to 30 September on Friday, with a net asset value per share of 5,149p, representing a total return of 35% for the year. The FTSE 250 firm's share price was 4,310p, a total return of 36% for the year, compared with
Read moreElectra Private Equity to launch £200m share buyback
8th Nov 2016 08:11
(ShareCast News) - Electra Private Equity said on Tuesday that it plans to return up to £200m to shareholders by a way of a tender offer. The company said the return of excess cash to shareholders should reduce the negative impact of holding this cash on growth in net asset value per ordinary share.
Read moreElectra Private Equity to migrate to a corporate structure following review
14th Oct 2016 07:28
(ShareCast News) - After a review of Electra Private Equity's investment strategy, policy and structure the company is to return control of all functions to the board in order to create value for shareholders, while switching to a corporate structure. Following on from the first phase of the review
Read moreElectra Partners sells Vidal Group to M3 Inc
7th Oct 2016 07:30
(ShareCast News) - Electra Partners' portfolio company AXIO Group has received a binding offer from M3 Inc. to purchase Vidal Group, a European provider of reference drug information for healthcare professionals, for €100m. The proposed transaction, which remains subject to certain conditions, would
Read morePremier Asset Management float allows Electra to cash in
4th Oct 2016 07:12
(ShareCast News) - Premier Asset Management Group completed its initial public offering in London on Tuesday, allowing Electra Partners to partially realise an investment by its Electra Private Equity vehicle. Premier AM, a UK retail asset management group, placed 35.9m new and 12.4m existing shares
Read moreElectra Partners announces successful Hollywood Bowl IPO
16th Sep 2016 07:38
(ShareCast News) - Electra Partners has announced the successful initial public offering of its portfolio company Hollywood Bowl Group, a ten-pin bowling operator in which it owns an 85% interest. Electra said that upon admission to the Main Market of the London Stock Exchange on 21 September, Holly
Read moreMonday broker round-up
12th Sep 2016 09:24
(ShareCast News) - Autotrader: Barclays reiterates equal-weight with a target price of 375p. Hikma: Jefferies maintains buy with a 2500p target. Wood Group: Exane BNP Paribas upgrades to buy with a 815p target. Man Group: Citigroup upgrades to buy with a 137p target. McCarthy & Stone: Goldman Sac
Read moreElectra Private Equity appoints Thomas Cook exec to new CFO role
22nd Jul 2016 07:55
(ShareCast News) - Electra Private Equity has appointed Gavin Manson to the new role of chief financial officer with effect from 8 August. The role will see Manson - currently finance director for Thomas Cook's tour operations and hotels and resorts division - support the board in relation to the re
Read moreDirectors dealings: Commercial property firm McKay's boss and finance chief sell shares
19th Jul 2016 15:51
(ShareCast News) - McKay Securities's boss, Simon Perkins, and his finance chief Giles Salmon unloaded a raft of shares in the real estate investment trust awarded to them as part of the company's 2007 Mckay performance scheme, on 18 July, the company said in a statement. Perkins sold 127,938 sha
Read more