Spar investor made €280m in four years

Electra Partners, the British private-equity house that is selling its 65 per cent stake in the holding company behind the Spar shop group, has cleared a profit of more than €280 million on its four-year investment in the business.

Ian Kehoe - avatar

Ian Kehoe

14th October, 2006

Electra Partners, the British private-equity house that is selling its 65 per cent stake in the holding company behind the Spar shop group, has cleared a profit of more than €280 million on its four-year investment in the business.

Electra will this week announce that it has sold its holding in BWG, which operates the Spar and Mace franchise, to the company’s management team. The deal was completed late last week following a month of talks...

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