Dec 19 British buyout fund Electra Private
Equity said its portfolio manager Epiris had agreed to
sell Parkdean Resorts, an operator of caravan holiday parks, to
private equity firm Onex Corporation for 1.35 billion pounds
The deal is expected to close in the first quarter of 2017,
Electra said on Monday, adding it would receive about 405
million pounds from the sale, taking its total proceeds from the
investment to 515 million pounds.
Electra is in the midst of separating from its investment
management team, which renamed itself Epiris this month, as part
of a major shake up.
($1 = 0.8011 pounds)
(Reporting by Noor Zainab Hussain in Bengaluru; editing by