Electra Private Equity PLC (Electra) is pleased to announce that the conditional agreement for the sale of its interest in Capital Safety Group (CSG), which was announced on 3 May 2007, has now been completed following the receipt of completion clearance decisions.

Subsequent to the sale, Electra has agreed to reinvest $35m in the secondary buyout vehicle established by Candover Partners Ltd to acquire CSG. The new investment comprises $10m of mezzanine as part of a syndication by HBOS and a $25m equity participation.

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