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.
The firm said in a statement the move will enable it to make savings of £25m, including the "elimination of carried interest", which totalled £80m over the preceding 12 months. It also said it it will...
GP has held a final close short of its initial €800m target, following a challenging fundraise
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RSK received £33m of debt funding from Permira Debt Managers in 2015
Clessidra reaped a 3x money return following a 17-month holding period