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Electra receives £514m from Sales of Parkdean Resorts and Innovia Group

Espiris, the investment manager of Electra Private Equity (Electra), has announced that it has the completed the sales of Parkdean Resorts and Innovia Group. Parkdean resorts has been sold to Onex Corporation for £1.35 billion and Electra has received proceeds from the sale of £406 million. Together with proceeds previously received, Electra’s total proceeds from the investment are £516 million. This equates to a return of 3.9x cost, and an IRR of 45%.

Electra has received £108 million in proceeds from the sale of Innovia Group. Espiris says this equates to a return of 3.3x cost, and an IRR of 51%. Epiris invested £33 million as a cornerstone investor in The Smithfield Group’s acquisition of Innovia.

Electra receives £514m from Sales of Parkdean Resorts and Innovia Group : ELTA

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