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Electra Private Equity bags £405m from caravan sites sale

Mon, 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 in September and equivalent to an increase in its NAV of 50p per share.Electra's total proceeds will amount to £515m, if including some proceeds already received, which equates to a return of circa 3.9 times cost and an internal rate of return of 46%.Electra's investment managers, Epiris, first invested in what was Park Resorts in 2012 and took joint control the year after, carrying out several acquisitions and eventually a merger with Parkdean last year.Alex Fortescue, managing partner at Epiris, said: "Through a series of bank-related acquisitions and 11 individual transactions we have transformed our original Park Resorts debt position into joint control of a very high-quality, market-leading business with profits of more than £100m."
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26 May 2016 14:30

FTSE 250 movers: Ibstock retreats as Pets at Home accelerates

(ShareCast News) - The FTSE 250 slipped further into the red late as Thursday wore on, despite having peeped its head above water around midday. Leading the index lower, shares in Ibstock subsided as the brick maker reported a slow start to the year for its UK clay business had lasted four months b

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26 May 2016 11:05

LONDON MARKET MIDDAY: Stocks Higher But Pound Knocked By Weak UK GDP

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26 May 2016 10:36

EXTRA: In Charge, Bramson Serves Notice To Electra Investment Manager

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26 May 2016 09:03

Electra Private Equity names activist investor Bramson as interim CEO

* Interim findings of strategic review prompt changes * Seeks CFO, to appoint new non-executive directors * Serves notice on investment manager Electra Partners By Simon Jessop and Anjuli Davies LONDON, May 26 (Reuters) - Electra Private Equity on Thursday appointed activ

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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

Dividends Calendar - Week Ahead

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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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