Electra reinvests in Allflex as sale completes

The GP enjoyed a 15x money multiple and 28% IRR on the $1.3bn divestment of the asset to BC Partners, a deal signed in May. The total gross proceeds for Electra reached $630.5m, with $835m returned to investors overall, including refinancings.

Electra's David Symondson retains his seat on the board. Allflex will pursue an acquisitive growth strategy.

Electra first backed the firm in 1998, contributing $46m to the $160m secondary buyout of the company. The asset was acquired from Goldman Sachs Private Equity New York with mezzanine provided by Intermediate Capital Group and the Royal Bank of Scotland.

The company was refinanced in 2005 and 2007.

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• Topics
• France
• Buyouts
• Exits
• France
• Electra Private Equity
• BC Partners