|Bid||81,010.00 x 100|
|Ask||81,190.00 x 500|
|Day's range||80,980.00 - 82,000.00|
|52-week range||499.40 - 82,000.00|
|PE ratio (TTM)||2,190.93|
|Forward Dividend & Yield||N/A (N/A)|
|1y target est||N/A|
Oct (Shenzhen: 000069.SZ - news) 23 (Reuters) - Electra Private Equity, under pressure to improve shareholder returns from an activist investor, will pay a multi-million pound special dividend and has suspended new investments after a strategic review. The company, one of Britain's oldest private equity firms, said in a statement on Monday that due to current market conditions it would not be making any new investments for the time being and that shareholders would get a special payout of 350 million pounds ($462 million), or 914 pence per share.
Electra's departing fund manager will pursue an investment strategy which focuses on assets in Britain when it splits from the listed private equity fund next month. "We have a pipeline of interesting opportunities which pick up where we left off," Alex Fortescue, Managing Partner of the venture Epiris, formerly named Electra Partners, told Reuters on Thursday. Fortescue did not mention specific assets, but said that the volatility created by Britain's decision to leave the European Union, which has created uncertainty for businesses and called into doubt UK-only strategies, could create opportunities.
Dec (Shanghai: 600875.SS - news) 20 (Reuters) - Canadian label and packaging maker CCL Industries Inc said it would buy Innovia Group, which supplies the new UK plastic five pound note that has fallen foul of vegetarians, for around C$1.13 billion ($842 million). The acquisition of UK-based Innovia is expected to make CCL the world leader in the fast-growing polymer banknote market. Britain is one of the largest economies to adopt plastic banknotes and they are already in circulation in Canada, Mexico, New Zealand and Australia.
Dec (Shanghai: 600875.SS - news) 19 (Reuters) - British buyout fund Electra Private Equity said its portfolio manager, Epiris, had agreed to sell Parkdean Resorts, an operator of caravan holiday parks, to private equity firm Onex Corporation for 1.35 billion pounds ($1.69 billion). This would result in a return of about 3.9 times cost, and an internal rate of return of about 46 percent. Parkdean Resorts owns and operates 73 holiday parks across England, Scotland and Wales, selling more than 500,000 holidays and short breaks a year.
LONDON, Dec (Shanghai: 600875.SS - news) 9 (Reuters) - British buyout fund Electra Private Equity (IOB: 0QLS.IL - news) reported strong full-year returns on Friday as it prepares to cut ties with its portfolio manager Epiris. Electra (Tel Aviv: ELTR.TA - news) said it made a return of 35 percent in diluted net asset value (NAV) per share for the year ended Sept. 30, boosted by an investment return of 46 percent on its opening portfolio. The split, announced following a review in May, came after activist investor Edward Bramson fought a long and bitter campaign to join the listed company's board as part of a drive to overhaul one of Britain's oldest private equity firms.
LONDON, Dec (Shanghai: 600875.SS - news) 5 (Reuters) - Buyout firm Electra Partners has renamed itself Epiris, aiming to forge a new future after being sacked as the portfolio manager for Electra Private Equity earlier this year. Epiris - a combination of EP for Electra Partners and "Iris", the name of Electra (Tel Aviv: ELTR.TA - news) 's daughter in Greek mythology - will split from listed-Electra Private Equity in May. The separation comes after activist investor Edward Bramson fought a long and bitter campaign to join the listed company's board as part of a drive to overhaul one of Britain's oldest private equity firms.