Further to the announcement of 11 November 2014, Electra Partners is pleased to announce that, following regulatory approvals, its portfolio company, AXIO Data Group (“AXIO”), has completed the sale of the JOC Group to IHS Inc.
Epiris PLC (“Electra”) will receive loan repayments and interest from AXIO of £37 million. This takes total cash proceeds from Electra’s investment in AXIO to £66 million, or more than 70% of original cost.
Electra invested £91 million in AXIO in April 2013. Following the sale of the JOC Group, AXIO comprises six market-leading information businesses providing critical, and often industry-standard, information and tools. Operating in over 25 countries worldwide, the group’s brands include Vidal and MIMS in the healthcare sector, TechInsights in the intellectual property licensing sector, OAG and Breakbulk in the global transportation sector and RISI in the forest products sector.
Electra Partners refers to Electra Partners LLP acting on behalf of its client Epiris PLC.
For further information please contact:
Andrew Honnor and Matthieu Roussellier, Greenbrook Communications
+44 (0)20 7952 2000
Andrew Kenny and Nicholas Board, Electra Partners
+44 (0)20 7306 3932
Note to Editors:
About Electra Partners LLP
Electra Partners is an independent private equity fund manager with over 25 years' experience in the mid-market. During the last 25 years it has invested in excess of £4.4 billion in more than 200 deals and realised £6.3 billion. As at 30 September 2014, the firm had funds under management of over £1.6 billion including capital available for investment of circa £300 million.
Electra Partners’ flexible investment strategy allows it to invest broadly across the private equity market with a particular focus on Buyouts and Co-investments, Secondaries and Debt. In addition to this, its long-term capital base means it is not constrained by expiring investment periods or exit pressure driven by fund raising cycles and is therefore able to realise investments only when returns are maximised for its investors.
The firm's major client is Epiris PLC (“Electra”), a private equity investment trust which has been listed on the London Stock Exchange since 1976. Electra’s long-term investment performance has been consistently superior to private equity and other benchmarks. Over the ten years to 30 September 2014, Electra has seen diluted NAV per share growth of 262% (equivalent to a ten-year annualised return on equity of 14%) compared to a 120% increase in the FTSE All-Share.
For further information please visit www.electrapartners.com.
Electra Partners LLP is authorised and regulated by the Financial Conduct Authority.
About the JOC Group
JOC Group is the authoritative provider of business intelligence, data and events for container shipping and logistics professionals worldwide. Its products include PIERS, the most comprehensive database of US seaborne import and export activity in the world, providing data and information services to thousands of subscribers globally; The JOC, the leading information and marketing services provider for the US domestic and international containerised cargo community; and TPM, the must-attend event for the global container shipping community with conferences in North America and Asia.
For further information please visit www.joc.com.
About IHS (www.ihs.com)
IHS (NYSE: IHS) is the leading source of information, insight and analytics in critical areas that shape today’s business landscape. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs more than 8,000 people in 31 countries around the world.
IHS is a registered trademark of IHS Inc. All other company and product names may be trademarks of their respective owners. © 2014 IHS Inc. All rights reserved.