ELTA.L Regulatory News (ELTA)

20 Dec 2006 16:07

Electra Private Equity PLC20 December 2006 Electra Partners LLP 20 December 2006 Electra Partners LLP acquires Lil-lets Electra Partners LLP ("Electra Partners") the private equity specialist, ispleased to announce it has invested £27 million in the management buyout ofLil-lets from Accantia Group on behalf of its client Electra Private Equity PLC("Electra"). Electra has invested alongside the management team led by DuccioBaldi. Lil-lets is a branded feminine hygiene consumer products business; a marketleader in both the UK and South Africa. This transaction will allow managementto focus solely on the Lil-lets brand with a view to developing its marketposition and customer base. Lil-lets provides Electra with an opportunity to invest in a business withstrong long term prospects with an established brand in a mature market. Thisinvestment will complement Electra's existing portfolio. Rhian Davies at Electra Partners commented "This deal reflects our commitment tothe new long term investment strategy at Electra. We believe in the managementteam and look forward to working alongside them in the future." Barclays and Bank of Scotland provided the acquisition finance. For further information please contact Janette Baggs, Electra Partners 020 7214 4200Nick Miles, M: Communications 020 7153 1535 Notes to Editors Electra Partners LLP Electra Partners is an independent private equity fund manager. As at 30September 2006, it had funds under management of £900 million. Electra Partnershas been investing and managing the assets of its clients for over 15 years.During this time, Electra Partners has invested over £3 billion in privateequity investments, accumulating considerable expertise whilst building a strongtrack record. Electra Private Equity PLC Electra has specialised in private equity for 30 years achieving investmentreturns substantially in excess of the FTSE All-Share Index and returning atotal of £1.2 billion to shareholders through tender offers and on-market sharebuybacks since 1999. Recently Electra has completed a major business review andreceived shareholders' approval for a new investment strategy which returnsElectra to full investment of its capital resources in private equity. Electra,with its differentiated investment approach, has a strong market position andprovides shareholders with a direct and liquid access to private equity. This information is provided by RNS The company news service from the London Stock Exchange