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...
Backers include Florence-based venture capital house Sici
Scottish oil & gas business formerly known as Oteac has rebranded and appointed a new CEO
Funding round backers include Invitalia Ventures, Pricipia and existing investor TIM Ventures
Investors are taking over from previous investor MBO Partenaires