Watchstone Group chairman buys shares
30th Dec 2015 14:41
(ShareCast News) - Richard Rose, non-executive chairman of Watchstone Group - formerly Quindell - bought 100,000 shares in the insurance technology company at 257.88p each. This marked Rose's first purchase and gives him a 0.2% interest in Watchstone's issued share capital. Watchstone shares rocket
Read moreElectra Private Equity completes Park Resorts merger
11th Nov 2015 10:30
(ShareCast News) - Investment trust Electra Private Equity has completed the merger of Parkdean Holidays and Park Resorts Group. The latter comprises Electra's portfolio companies Park Resorts, South Lakeland Parks and Southview and Manor Park and the FTSE 250 group said the merger will combine two
Read moreElectra posts 25% net asset value return for year
26th Oct 2015 08:11
(ShareCast News) - Electra Private Equity has increased its net profit by 78% to £332m for the year and posted a net asset value return of 25%. The FTSE 250 listed investment firm released its audited results for the year to 30 September on Monday. It reported the diluted net asset value per share
Read moreElectra Private Equity slams Sherborne's Bramson for ill-informed claims
21st Oct 2015 09:14
(ShareCast News) - Electra Private Equity has hit back at US activist investor Edward Bramson's "ill-judged, ill-informed and ill-founded" attempt to join the board. Responding to last Friday's letter from Bramson's Sherborne Investors vehicle, which owns a 29.75% stake, the FTSE 250 investment trus
Read moreElectra and Exponent to acquire PhotoBox for GBP400m
20th Oct 2015 07:21
(ShareCast News) - Electra Private Equity is planning to acquire personalised product company Photobox Group with Exponent Private Equity in a deal worth £400m. The FTSE 250 company announced the deal on Tuesday. Photobox Group is the parent of the PhotoBox, Moonpig, PaperShaker, Sticky9, Hofmann,
Read moreElectra subsidiary sells Zensar stake
9th Oct 2015 12:08
(ShareCast News) - Electra Private Equity's subsidiary Electra Partners Mauritius has agreed to sell its 23% interest in Indian IT services business Zensar Technologies. The FTSE 250 company announced its stake will be sold to a company backed by funds advised by Apax Partners for £84m, based on cur
Read moreElectra Private's subsidiary completes MIMS sale
7th Oct 2015 08:09
(ShareCast News) - Investment trust Electra Private Equity has said one of its portfolio companies has completed the sale of MIMS, its Asian healthcare information business, to SMS and Mitsui for $250m. The FTSE 250 group said the transaction, the third major sale completed by its subsidiary AXIO Da
Read moreElectra Private Equity gets general meeting requisition from Sherborne
18th Sep 2015 07:44
(ShareCast News) - Electra Private Equity has received notice from activist investor Sherborne Investors for a general meeting to be held with the aim of appointing Edward Bramson and Ian Brindle to the board. This is the second time Sherborne, which founded the private equity vehicle and holds a st
Read moreElectra's Park Resorts to merge with Parkdean
1st Sep 2015 07:43
(ShareCast News) - Private equity firm Electra said it plans to merge its Park Resorts group with caravan holiday specialist Parkdean Holidays in a deal that will create an enterprise worth £960m. Once the deal is completed a new £550m loan will be used to refinance existing debt facilities includin
Read morePolypipe and Electra agree deal for ventilation company Nuaire
5th Aug 2015 09:15
(ShareCast News) - Electra Private Equity, the FTSE 250 investment group, has agreed to sell its interest in Welsh ventilation systems manufacturer Nuaire to Polypipe Group for a total of £145m. Fully listed Polypipe, which will acquire the Caerphilly-based firm on a debt and cash-free basis using a
Read moreElectra Private Equity posts mixed performances in first quarter
17th Jul 2015 09:04
(ShareCast News) - Investment trust Electra Private Equity reported mixed performances against its benchmarks in the first quarter of the year. The FTSE 250-listed group said its total return for the three months to 30 June was 2% against a 4% for the Morningstar Private Equity Index and a 2% drop f
Read moreElectra jumps after announcing interim dividend
21st May 2015 10:12
Investment group Electra Private Equity announced it will pay an interim dividend after its diluted net asset value grew in the first half of the year. The London-listed group said its diluted net asset value per share rose 12% year-on-year in the six months to 31 March to 3,548p, while its share pr
Read moreElectra Private Equity reports positive first quarter
2nd Mar 2015 14:48
Electra Private Equity said on Monday its share price has risen 14% since September 2014, driven by net positive movements of £38m. The stock has outperformed the wider market with the Morningstar Private Equity Index up 9% over the same period and the FTSE All-Share Index up 1%. The group said it
Read moreElectra sees NAV rise 15% driven by investments
27th Nov 2014 09:14
UK firm Electra Private Equity saw its shares rise after reporting a "record level of investment" for the full year. The group's net asset value (NAV) rose 15% to 3,174p due to a strong performance from its portfolio, while profits before tax increased to £166m from £123m. Electra invested £410m du
Read moreInvestor forces Electra Private Equity to call meeting on board changes
22nd Aug 2014 15:02
Sherborne investment company has demanded Electra Private Equity call an extraordinary general meeting to discuss changes to its board. Sherborne, which has a 19% stake in the FTSE 250-listed group, requested the meeting to force a vote on making its former chairman, Edward Bramson, a director.
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