Electra hires Rothschild over Allflex options

The investment bank's advice could lead to a refinancing. The business, which specialises in the production of visual and electronic animal identification tags, is said to be worth up to $1bn (10x EBITDA). An Electra spokesperson confirmed that the investor intends to remain a stakeholder in the business.

Electra acquired Allflex in December 1998 for $45m from Goldman Sachs. In June 2005, the company was refinanced, resulting in $79m in proceeds. Following the refinancing, Electra's stake in the business was worth $61m.

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• Electra Partners LLP
• United Kingdom