Electra buys debt portfolio for £30m

The debt portfolio has been sold by a UK bank with a significant discount. The GP expects the purchase discount will combine with a healthy yield to deliver returns comparable to that seen on equity investments.

The portfolio includes debt positions in five European and UK-based companies, all due to mature within the next three years.

The largest holding is in UK caravan parks operator Parks Resorts. Electra initially became a shareholder in the firm in January 2012, when it acquired Lloyds Banking Group's debt stake for £45.5m, before buying a stake from RBS in July the same year.

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• Topics
• Secondaries
• United Kingdom
• Electra Partners LLP