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Activist Sherborne builds 10% stake in Electra

Ed Bramson's investment vehicle targets Electra just months after cashing out its stake in 3i Group

Sherborne Investors, the activist firm led by Edward Bramson, has taken a 10% stake in listed buyout firm Electra Private Equity just months after exiting its holding in buyout firm 3i Group.

In a statement to the London Stock Exchange on Friday, Electra Private Equity - a listed investment trust which is managed by Electra Partners - said Sherborne had acquired a 10.24% stake in the company.

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