KKR swoops on AIM construction software firm for £208m

KKR swoops on AIM construction software firm for £208m

Private equity giant KKR has struck a deal to buy an AIM-listed construction software company in the latest of a wave of takeovers on the London Stock Exchange this year. In partnership with venture capital firm Accel, KKR has snapped up Eleco for £207.6m in a deal backed by the company’s board. Shareholders are in [...]

Eleco agrees £208m takeover by US private equity

Eleco shares soared on Thursday after agreeing to a bumper £207.6m cash takeover by US private equity firm Accel-KKR. Under the recommended offer, shareholders in the construction software company will receive 235p in cash per share, a 75% premium to the 134.5p at which it closed before the offer, and around 90% above the average […]

Accel-KKR agrees £207m swoop for 131-year-old Eleco plc

Private equity giant Accel-KKR has agreed a £207 million takeover of historic firm Eleco plc. Eleco, founded in 1895, has been listed on the London Stock Exchange since the start of World War II. Early in this century it entered the built environment software market with a series of acquisitions and in 2013 divested its […]