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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Unbound Group Plc | LSE:ELTA | London | Ordinary Share | Ordinary Shares |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 63.80 | 60.60 | 63.60 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMELTA
RNS Number : 9264C
Electra Private Equity PLC
21 April 2017
PRESS RELEASE
21 April 2017
Epiris receives GBP67 million from the sale of RISI
Further to the announcement of 3 March 2017, Epiris is pleased to announce that Electra Private Equity PLC ("Electra") has received proceeds of GBP67 million from AXIO Group ("AXIO") in relation to the sale of RISI.
Following receipt of regulatory approvals, the sale of RISI to Euromoney Institutional Investor PLC for $125 million completed on 6 April 2017. The sale is the sixth major realisation from AXIO's portfolio and takes total cash proceeds received by Electra from its investment in AXIO to almost GBP420 million, or 4.6x original cost, and the total return, including Electra's investment in the remainder of the AXIO Group, including TechInsights, to more than 5x original cost.
Epiris refers to Epiris Managers LLP acting on behalf of its clients, including Electra Private Equity PLC.
Ends.
For further information please contact:
Andrew Honnor, Matthew Goodman, Matthieu Roussellier, Greenbrook Communications +44 (0)20 7952 2000
Nicholas Board and Andrew Kenny, Epiris +44 (0)20 7306 3932
Note to Editors:
About Epiris
Epiris is a top-decile private equity fund manager*.
Epiris, together with its predecessor firms, has managed the business and affairs of Electra Private Equity PLC, a listed private equity investment trust, for four decades. Epiris has also managed private equity investment programmes for pension funds, financial institutions and family offices. During this time Epiris has invested in excess of GBP5 billion in over 200 deals. Since 2011, Epiris has invested GBP1 billion in buyouts and co-investments and loan-to-own debt investments, in respect of which it has delivered a gross IRR of 38%**.
As at 30 September 2016, the firm had funds under management of GBP2.4 billion.
For further information please visit www.epiris.co.uk.
Issued by Epiris Managers LLP which is authorised and regulated by the Financial Conduct Authority.
* Refers to the 2009 and 2012 investment pools comprising Buyout & Co-investment, Secondary and Debt investments managed on behalf of Electra Private Equity PLC; comparator data supplied by Preqin.
** As at 30 September 2016 adjusted for subsequent investments and realisations. Gross IRR does not reflect adjustments for investment management and administration costs. Past performance is no guarantee of future results.
This information is provided by RNS
The company news service from the London Stock Exchange
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DISEAELEADPXEAF
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April 21, 2017 02:00 ET (06:00 GMT)
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