GFM Network News

Allflex owner tags big profit from company sale

Reading Time: 2 minutes British private-equity firm Electra Partners is selling out of animal-tagging company Allflex after 14 years, banking the rewards from ever stricter livestock controls prompted by a string of food scares. Electra said May 3 it has received a binding offer worth $1.3 billion from private-equity peer BC Partners, amounting to $630.5 million gross proceeds for […] Read more