On Friday, Electra Partners announced that BC Partners offered US$1.3 billion to purchase Allflex. Allflex is the world's renowned plastic and electronic animal identification tag manufacturer and distributor. The proposal is still up for discussion with relevant works council in France and certain regulatory approvals.
When the deal has been finalized together with the determination of exchange rates, Electra Partners' clients will receive gross revenue of around US$630.5 million while Electra Private Equity will be receiving US$398 million or GBP256.7 million. Overall it is estimated that the internal return rate is twenty eight percent or its gross revenue is fifteen times than its original amount plus its income for a period of fourteen years.
It was in 1998 that Electra Partners first invested in Allflex with a US$46 million investment at the US$160 million acquisition of the company. The company has been recapitalized numerous times. At the finality of the deal, the collective revenue of Electra Partners' clients will amount to US$835 million.
Allflex together with Electra Partners were counseled by Rothschild in this acquisition dealing.
Join the Conversation