BC Partners has made a binding offer of $1.3bn to Electra Partners for its French animal tags business Allflex, following an intense auction process that attracted bids from a dozen private equity firms.
The sale of Allflex to BC Partners will generate a gross return of 15x original cost over 14 years of investment and an IRR of 28% for Electra. The total gross proceeds for Electra and its investors...
Catch up on essential features from this past week with our round-up of industry analysis
GP acquired a majority stake in French ingredients producer Solina in 2015
Delisting after three years values the equity of Moleskine at €506m
VC acquired a majority stake in the group in 2012 alongside Calliode partners