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.
Selling shareholders include Atlantic Capital, HR Alpha Ventures, Heilemann Ventures and BayBG
Four private equity and infrastructure fund managers are reported to be competing for the asset
A third of the French retailer's shares are put in free float by investors and management
GP invests via holding company that acquired ERP software providers Oxaion and Cimdata