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.
Deal ends a five-year stint under Foresight ownership, which first invested in 2013
Trevi appointed a chief restructuring officer in 2017 to negotiate a debt restructuring plan
AI business will look to expand beyond marketing and into robotics, healthcare and education
Company's founders and CEO Klaus Schmidt have retained a significant minority stake