Electra Private Equity PLC Epiris completes the sale of Audiotonix (0770B)
31 March 2017 - 5:00PM
UK Regulatory
TIDMELTA
RNS Number : 0770B
Electra Private Equity PLC
31 March 2017
PRESS RELEASE
31 March 2017
Epiris completes the sale of Audiotonix
Further to the announcement of 3 February 2017, Epiris is
pleased to announce that, following regulatory approvals, it has
completed the sale of Audiotonix.
Electra Private Equity PLC has received proceeds from the sale
of GBP203 million. This equates to a return of 4.8x original cost
and an IRR of 50%.
Charles Elkington and Ian Wood were responsible for the
investment and the exit of Audiotonix.
Epiris refers to Epiris Managers LLP acting on behalf of its
client Electra Private Equity PLC.
Ends
For further information please contact:
Andrew Honnor, Matthew Goodman, Matthieu Roussellier, Greenbrook
Communications +44 (0)20 7952 2000
Nicholas Board and Andrew Kenny, Epiris +44 (0)20 7306 3902
Note to Editors:
About Epiris
Epiris is a top-decile private equity fund manager*.
Epiris, together with its predecessor firms, has managed the
business and affairs of Electra Private Equity PLC, a listed
private equity investment trust, for four decades. Epiris has also
managed private equity investment programmes for pension funds,
financial institutions and family offices. During this time Epiris
has invested in excess of GBP5 billion in over 200 deals. Since
2011, Epiris has invested GBP1 billion in buyouts and
co-investments and loan-to-own debt investments, in respect of
which it has delivered a gross IRR of 38%**.
As at 30 September 2016, the firm had funds under management of
GBP2.4 billion.
For further information please visit www.epiris.co.uk.
Issued by Epiris Managers LLP which is authorised and regulated
by the Financial Conduct Authority.
* Refers to the 2009 and 2012 investment pools comprising Buyout
& Co-investment, Secondary and Debt investments managed on
behalf of Electra Private Equity PLC; comparator data supplied by
Preqin.
** As at 30 September 2016 adjusted for subsequent investments
and realisations. Gross IRR does not reflect adjustments for
investment management and administration costs. Past performance is
no guarantee of future results.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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