M&A Deal Summary

Epiris and Electra Acquire Elian Group

On February 3, 2014, private equity firms Epiris and Electra acquired financial services company Elian Group from Ogier Group for 180M GBP

Acquisition Highlights
  • This is Epiris’ 3rd and Electra’s 4th transaction in the Financial Services sector.
  • This is Epiris’ 10th and Electra’s 7th largest (disclosed) transaction.
  • This is Epiris’ 1st and Electra’s 2nd transaction in Channel Islands.
Investment Fate
  • Elian Group was sold to a strategic buyer in 2016 for 435M GBP.

M&A Deal Summary

Date 2014-02-03
Target Elian Group
Sector Financial Services
Buyer(s) Epiris
Electra
Sellers(s) Ogier Group
Deal Type Divestiture
Deal Value 180M GBP
Advisor(s) Macfarlanes (Legal)

Target

Elian Group

Jersey, Channel Islands
Elian Group provides trust, fund and company administration services to multi-national corporations, financial institutions, high net worth individuals, family offices and fund managers. Elian Group was founded in 1999 and is based in Jersey, Channel Islands.

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Buyer(S) 2

Buyer

Epiris

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Electra Partners is a UK-based private equity firm focused on buyouts, co-investments, secondary fund purchases, and debt investing. The Firm's direct investing group looks to make majority or minority investments of £50 to £250 million in deals valued up to £500 million. Electra was formed in 1976 and is based in London.


DEAL STATS #
Overall 50 of 73
Sector: Financial Services M&A 3 of 5
Type: Divestiture M&A Deals 5 of 13
Country: Channel Islands M&A 1 of 1
Year: 2014 M&A 1 of 5
Size (of disclosed) 10 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-09 Lil-lets Group

Solihull, United Kingdom

Lil-lets Group Ltd. is a branded feminine hygiene consumer products business; a market leader in both the UK and South Africa. This transaction will allow management to focus solely on the Lil-lets brand with a view to developing its market position and customer base.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-21 Calrec Audio

Calderdale, United Kingdom

Calrec Audio Ltd. has manufactured high quality audio products to the broadcast marketplace since 1964.

Buy $23M
Buyer

Electra

London, United Kingdom

Investor


Category Private Equity Firm
PE ASSETS 800M GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Electra is an investment trust quoted on the London Stock Exchange that specializes in private equity investments. Electra's primary focus is on opportunities across Western Europe in a broad array of industries. Electra Private Equity is based in London.


DEAL STATS #
Overall 35 of 36
Sector: Financial Services M&A 4 of 4
Type: Divestiture M&A Deals 3 of 3
Country: Channel Islands M&A 2 of 2
Year: 2014 M&A 2 of 3
Size (of disclosed) 7 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-20 Hotter Shoes

Skelmersdale, United Kingdom

Hotter Shoes is a provider of comfortable footwear for the grey market. Hotter’s design and assembly are focused in the UK, distinguishing itself as one of the few British made footwear ranges. Hotter Shoes was founded in 1959 and is based in Skelmersdale, United Kingdom.

Buy £200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-28 Innovia

Cumbria, United Kingdom

Innovia makes high-tech transparent and coated films for packaging and labels. Its bi-orientated polypropylene (BOPP) films are extruded from oil through a unique 'bubble’ technology. It is also the only scale manufacturer of cellulose film made from wood pulp (Cello) outside Japan.

Buy €498M

Seller(S) 1

SELLER

Ogier Group

St. Helier,, Channel Islands

Category Company
Founded 1980
Sector Financial Services
DESCRIPTION

Ogier Group LP (OGLP) offers legal advisory services. Ogier provides litigation, negotiation, investment, documentation, compliance, and trust and estate planning and consulting services.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Channel Islands M&A 1 of 1
Year: 2014 M&A 1 of 1