Private equity firm Electra Partners has agreed to sell Elian to Intertrust Group N.V. for £435 million. The transaction is subject to regulatory and Intertrust Group N.V. shareholder approval.

Following completion of the transaction, which is expected during the third or final quarter of 2016, Electra is expected to receive total proceeds of around £200 million, an uplift of £41 million or 26 percent and equivalent to an increase in NAV of 83 pence per share, on the valuation of the investment at 31 March 2016. This equates to a return of around 2.6 times the original cost, and an antici...