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.
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Director Théodore Schneider will reinvest alongside CVC to retain a 20% stake in the company
Sale follows a three-year tenure and reportedly values the care home operator at €236m
Following a three-year holding period, the GP sells its stake to a consortium led by Hat Orizzonte