Sherborne Buys 10% Stake In UK's Electra, Targets PE Again

Law360, New York (February 28, 2014, 5:15 PM EST) -- Activist investor Edward Bramson has grabbed an over 10 percent stake in U.K.-listed Electra Private Equity PLC through his Sherborne Investors Management LP, again targeting a private equity firm for investment, according to U.K. regulatory filings Friday.

Sherborne's Guernsey, U.K.-based subsidiary has purchased 3,619,114 shares, or 10.24 percent, of Electra, managed by Electra Partners LLP, according to statements by both firms with the London Stock Exchange.

New York-based Sherborne said in its statement that “it intends to monitor the risks and rewards of continued investment in...
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