Listed private equity takes road to recovery

The sector is bigger than ever, while discounts to net asset value have narrowed

Early this month UK-listed private equity house Electra Private Equity won a victory against activist investor Sherborne Investors Management. Sherborne had unsuccessfully tried to install its founder, Edward Bramson, and former chairman, Ian Brindle, to Electra’s board in a supposed effort to create £1 billion of value at Electra.

Electra's shareholders voted against Sherborne's proposals following advisers' recommendations.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump