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BRIEF-Photobox receives buyout offer from Exponent Private Equity and Electra Partners
October 20, 2015 / 6:18 AM / 2 years ago

BRIEF-Photobox receives buyout offer from Exponent Private Equity and Electra Partners

Oct 20 (Reuters) - Photobox Ltd (IPO-PHOT.L)

* Has received an offer from Exponent Private Equity and Electra Partners to purchase its entire share capital

    * Exponent and Electra Private Equity PLCsquared would be principal shareholders, with Photobox group management team reinvesting part of their proceeds

    * Current Photobox Group executive management team, led by Stan Laurent, would continue in their roles

    * Offer is subject to certain conditions including consultation with employee representatives and anti-trust clearance Source text for Eikon: Further company coverage:

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