EPE's share in portfolio

PRIVATE equity company EPE Special Opportunities yesterday acquired a majority interest in a portfolio of private equity investments in a £22m reverse takeover.

By The Newsroom

Published 31st Aug 2010, 23:33 BST

Updated 31st Aug 2010, 23:34 BST

The portfolio, which includes Leeds-based online chemist Pharmacy2U, is held by The Equity Partnership Investment Company (EPIC).

Leeds-based law firm Cobbetts, led by corporate partner Daniel O'Gorman, advised investment bank Numis Securities, as nominated adviser and broker to AIM-listed EPE Special Opportunities (ESO), in the deal.

ESO is a private equity investment company focused on investing in small and medium-sized companies in the UK.

The deal includes the transfer of certain private equity investments held by ESO to a new limited partnership majority owned by ESO; a 10m cash investment in ESO by a company established by European Secondary Development Fund IV, LP; and the acquisition of the EPIC private equity portfolio for an aggregate consideration of 22m.

Leeds