Victoria Robson

The listed investment management firm anticipates future realisations from among its “stronger” assets, following the exit of nine investments in the first six months of its financial year.

The private equity firms have sold some of their stakes in the low cost gym operator through an initial public offering on the London Stock Exchange that values the company at £250 million.

The Mauritius-based firm is seeking to raise €200m for its latest vehicle that will seek control positions of €5-20 million in companies in its target geographies of Mauritius, Madagascar, Ghana and Côte d’Ivoire, its manager partner Antoine Delaporte tells PEI.

Senior independent director Kate Barker has replaced Roger Yates as chairman of the London-listed investment trust following shareholder approval of Sherborne Investors’ resolutions to appoint Edward Bramson and Ian Brindle to the board. Sherborne said in a statement that it looks forward to "working together with their board colleagues in undertaking a strategic review".

The lower mid-market firm targeting opportunities in Denmark and Sweden is “more in development mode” following the exit of five investments over the past 15 months, Polaris managing partner Jan Johan Kohl tells Private Equity International.

Apax invested $29m in 2005 into the digital game company that is being sold for an enterprise value of $5bn.

The investment is thought to have been made through Warburg Pincus Private equity XI, which is almost completely deployed.

The vote by Electra shareholders on resolutions from its largest shareholder Sherborne Investors for two seats on the board will be close and depend on turnout, analysts say.

The firm’s acquisition of Centrul Medical Unirea is its second in Romania.

The Turkish pension fund is targeting investments mainly in North America and Europe.