Activist investor Edward Bramson is trying once again to secure a place on the board of Electra Private Equity, as his battle with the company intensifies.
Sherborne Investors, led by Bramson, has requisitioned Electra for another extraordinary general meeting, in a bid to appoint Bramson and Ian Brindle to the board. This is the second time Sherborne has sought to achieve board representation, after it failed to win shareholder approval at a general meeting in October 2014. However, Sherborne has been growing its stake in the £1.1bn private equity company to almost 30%, meaning any vote is likely to be closer at the upcoming EGM than it was last year. According to a recent Sky News report, Bramson has argued Electra's value could be ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
