LONDON, Sept 18 (Reuters) - Activist investor Edward Bramsonhas launched a fresh bid to shake up the management of ElectraPrivate Equity, the company said on Friday, less than ayear after he lost a shareholder vote to join its board.
The board of Electra said it had received a requisition fora general meeting from Bramson's Sherborne Investors,where a resolution will be proposed seeking the appointment oftwo new board members.
Bramson, Electra's largest shareholder, has criticised theperformance of Electra's management team and "considers a numberof its portfolio companies to be undervalued as a result ofoperational deficiencies", Electra said in the statement.
Electra unanimously oppposes the resolution to appointBramson and Ian Brindle and says it remains convinced that thebest interests of shareholders are best served by a board thatis wholy independent of any shareholder.
(Reporting by Emiliano Mellino, editing by Sinead Cruise)