1 Jul 2016 06:27
- Home
- Share Prices
- AQSE Share Prices
- Euronext
- Stock Screeners
- Share Chat
- FX
- News & RNS
- Events
- Media
- Trading Brokers
- Finance Tools
- Members
Latest Share Chat
ELTA.L Share News (ELTA)
ELTA Share
Price
ELTA Share
News
ELTA Share
Chat
ELTA Share
Trades
ELTA
Live RNS
ELTA Share
Charts
ELTA Broker
Ratings
ELTA Directors
Deals
ELTA Financial
Diary
ELTA
Fundamentals
ELTA Short
Positions
ELTA
Media
ELTA.L Information
- There is currently no data for ELTA
Watchlists are a member only feature
Login to your account
Don't have an account? Click here to register.Electra Private Equity pockets £45m from Davies sale
Mon, 30th Jan 2017 10:11
(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 in Davies at 30 September 2016, equivalent to a 4p increase in net asset value per share.Davies is a multi-award winning insurance claims service provider, delivering third-party administration and specialist technical services to insurance intermediaries, the Lloyd's market, UK and global insurers and large self-insured businesses.It manages more than 170,000 claims each year, handling in excess of £1.2bn of annual claim cost across property, casualty, motor and niche insurance classes. The company also provides integrated technical services including loss adjusting, surveying, fraud detection, and supply chain solutions.Epiris led the £61m acquisition of Davies in 2011 and since then, has delivered its transformation strategy through management change, M&A and operational improvement. The business is now significantly larger and much better positioned than at entry, Electra said.Alex Fortescue, managing partner at Epiris, said: "We are delighted to have brought the investment in Davies to a successful conclusion. Dan and his team have done a tremendous job in transforming the business into a growing and successful TPA."At 1115 GMT, Electra shares were flat at 4,651.14p.
More News
20 Jun 2016 07:44
Electra Private Equity loses two board members
(ShareCast News) - Investment trust Electra Private Equity announced the resignation of two of its directors on Monday, with Dame Kate Barker and Francesca Barnes departing with immediate effect. The FTSE 250 firm said Barker joined the board in 2010 and was chairman of the remuneration and nominati
Read more20 Jun 2016 06:48
Electra board members resign after company shake-up
LONDON, June 20 (Reuters) - Electra Private Equity, which has been the focus of a campaign by activist investor Edward Bramson, said on Monday that board members Kate Barker and Francesca Barnes were resigning with immediate effect. The resignations follow the appointments within the last t
Read more17 Jun 2016 15:07
14 Jun 2016 08:56
Electra cancels large credit facility
(ShareCast News) - Electra Private Equity announced the cancellation of a large credit facility on Tuesday. The FTSE 250 firm said that, having carefully reviewed its cash position, it has decided to cancel its existing £275m multi-currency revolving credit facility. Its board confirmed that the fa
Read more6 Jun 2016 07:33
Electra sells Elian to Intertrust for £435m
(ShareCast News) - Electra Partners said it had agreed to sell corporate services provider Elian to Intertrust Group for £435m. After completion of the deal, which is expected during the third or final quarter of 2016, Electra said it expected to receive total proceeds of around £200m, an uplift of
Read more6 Jun 2016 06:41
RPT-Dutch trust operator Intertrust buys Elian for 435 million pounds
(Repeats to add Reuters Instrument Code for Electra) AMSTERDAM, June 6 (Reuters) - Intertrust plans to buy rival Elian for 435 million pounds ($625.31 million) from private equity firm Electra to expand in the Cayman Islands, Guernsey, Luxembourg and the Netherlands, the Dutch trust firm sa
Read more6 Jun 2016 06:31
27 May 2016 14:18
Directors dealings: Activist investor Bramson tops up stake in Electra
(ShareCast News) - Electra boss Edward Bramson picked up another large slice of shares in the listed private equity outfit on the same day of his appointment as interim chief executive officer of the firm. Bramson and one of his associates, Ian Brindle, were named to Electra Private Equity´s board o
Read more