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Electra gets £104m from AXIO sale of OAG

Thu, 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% and equivalent to an increase in its net asset value pf 60p per share on the valuation of Electra's investment at the end of September last year.The sale has increased the total cash proceeds received by Electra from its investment in AXIO to more than £350m, or 3.9x original cost, and the total return, including Electra's investment in the remaining AXIO businesses, to 4.8x original cost. Alex Cooper-Evans, a partner at Epiris, said: "OAG is another AXIO success story. The business has been transformed during the period of our ownership with strategic focus, operational improvement and investment. OAG has grown earnings at more than 30% a year since 2013 and now has a clear strategy to continue its growth in the future. Phil Callow and his team have done a fantastic job with the business and we wish them well for the next chapter in the OAG story."
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26 May 2016 11:05

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26 May 2016 10:36

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26 May 2016 09:03

Electra Private Equity names activist investor Bramson as interim CEO

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26 May 2016 07:26

LONDON BRIEFING: Investor Bramson Named CEO Of Electra Private Equity

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26 May 2016 07:14

Electra Private Equity Bows To Bramson, Makes Him Interim CEO

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5 May 2016 15:14

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4 May 2016 16:00

LONDON MARKET CLOSE: Miners, Grocers Hit FTSE 100, ICE Drops LSE Bid

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4 May 2016 12:30

Electra Private Equity posts strong first-half returns

(ShareCast News) - Electra Private Equity looked to be sitting on solid foundations on Wednesday, as it claimed strong returns in its first half. The FTSE 250 company reported a net asset value per share of 4,405p - a total return of 15% in a period where the FTSE All-Share has returned 4%. Total n

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4 May 2016 11:07

LONDON MARKET MIDDAY: Miners And Grocers Depress FTSE 100

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4 May 2016 09:36

WINNERS & LOSERS SUMMARY: Deal For London Bus App Lifts Proxama 20%

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4 May 2016 07:52

UPDATE 1-UK's Electra makes total return of 15 percent, seeks directors

(Adds comments from chairman, detail) LONDON, May 4 (Reuters) - British private equity firm Electra said on Wednesday it made a total return of 15 percent in the six months ended March, helped by profit growth in its portfolio of companies. The Hotter Shoes owner said it would pay an

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4 May 2016 07:35

Electra Private Equity Boasts Strong Investment Performance In Half

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4 May 2016 06:15

UK's Electra sees total return of 15 percent

LONDON, May 4 (Reuters) - British private equity firm Electra said on Wednesday it made a total return of 15 percent in the six months ended March, helped by profit growth in its portfolio of companies. The Hotter Shoes owner said it would pay an interim dividend of 44 pence a share and it

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29 Apr 2016 10:06

CD&R swallows sausage casings maker Kalle

LONDON, April 29 (Reuters) - U.S. buyout house Clayton Dubilier & Rice (CD&R) has bought German sausage casings maker Kalle from Silverfleet Capital, the companies said on Friday. Terms of the deal were not disclosed, but two sources familiar with the process said the price was towards the

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