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Electra to receive £26m from AXIO

15 May 2017 07:48

Epiris announced its portfolio company AXIO agreed the sale of TechInsights, an intellectual property and technology services provider, to Oakley Capital.

The sale was expected to complete in the next two weeks.

Based on today's exchange rates, Electra Private Equity would receive proceeds from AXIO of £26m.

The sale would increase the total cash proceeds received by Electra from its investment in AXIO to £455m, equivalent to five times the original cost, and an IRR of 76%.

Story provided by StockMarketWire.com

Related Company: ELTA

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