Listed LP Electra Private Equity is to move away from its status as a listed investment trust to a corporate structure and return £200m of capital to shareholders by way of a tender offer.
As evidenced by the recent VistaJet and Pattonair deals, PE is increasingly looking at the aviation and aerospace sectors for opportunities
New managing director is joining from her previous role at Axa Investment Managers
Backers in the round include angel investors from the US, France and Finland
Content management platform will invest in product development following the deal