Electra Private Equity PLC
15 June 2007
Electra Private Equity PLC
Press Release
15 June 2007
Electra confirms the sale of Capital Safety Group for $565m
Electra Private Equity PLC (Electra) is pleased to announce that the conditional
agreement for the sale of its interest in Capital Safety Group (CSG), which was
announced on 3 May 2007, has now been completed following the receipt of
completion clearance decisions.
Subsequent to the sale, Electra has agreed to reinvest $35m in the secondary
buyout vehicle established by Candover Partners Ltd to acquire CSG. The new
investment comprises $10m of mezzanine as part of a syndication by HBOS and a
$25m equity participation.
For further information please contact:
David Symondson/Rhian Davies, Electra Partners LLP 020 7214 4200
Nick Miles, M: Communications 020 7153 1535
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The company news service from the London Stock Exchange
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