ELTA.L Share News (ELTA)

Electra Private Equity to sell audio console manufacturing business

(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

Electra Private Equity pockets £45m from Davies sale

(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

BROKER RATINGS SUMMARY: HSBC Raises Electra Private Equity To Buy

LONDON BRIEFING: Banks Probed, Fined And Bailed Out

UPDATE 2-Canada's CCL to buy British bank note maker Innovia for $842 mln

* CCL buying Innovia from group of private equity firms * Electra Private Equity says makes 106 mln stg from sale * Innovia's polymer bank notes faces objections by vegetarians (Updates dateline, adds analyst comment, details from stake seller Electra, bullet points) By Aravin

Electra's Espiris sells Innovia for $1.13bn

(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

UPDATE 1-Electra's manager Epiris to sell Parkdean Resorts for 1.35 bln stg

* To sell caravan holiday park firm to Onex Corporation * Electra to receive around 405 mln stg from sale * Internal rate of return on the deal around 46 pct (Adds details) By Noor Zainab Hussain Dec 19 (Reuters) - British buyout fund Electra Private Equity said its port

Electra Private Equity bags £405m from caravan sites sale

(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

Electra's manager Epiris to sell Parkdean Resorts for 1.35 bln stg

Dec 19 (Reuters) - British buyout fund Electra Private Equity said its portfolio manager Epiris had agreed to sell Parkdean Resorts, an operator of caravan holiday parks, to private equity firm Onex Corporation for 1.35 billion pounds ($1.69 billion). The deal is expected to close in the f

UPDATE 1-Electra posts bumper returns ahead of split from Epiris

(Adds detail, background) LONDON, Dec 9 (Reuters) - British buyout fund Electra Private Equity reported strong full-year returns on Friday as it prepares to cut ties with its portfolio manager Epiris. Electra said it made a return of 35 percent in diluted net asset value (NAV) per sha

Electra Private Equity posts solid returns

(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

Electra Partners renamed Epiris as tries to forge new future

By Dasha Afanasieva LONDON, Dec 5 (Reuters) - Buyout firm Electra Partners has renamed itself Epiris, aiming to forge a new future after being sacked as the portfolio manager for Electra Private Equity earlier this year. Epiris - a combination of EP for Electra Partners and "Iris", t

Electra Private Equity to launch £200m share buyback

(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.

Electra Private Equity to migrate to a corporate structure following review

(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

Electra Partners sells Vidal Group to M3 Inc

(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