Epiris sells remaining stake in Hollywood Bowl

Epiris has confirmed it has sold its remaining shares in Hollywood Bowl.

Electra Private Equity said it was due to receive proceeds of £40 million from the sale.

It said this represented a small decrease in Electra’s NAV on the valuation of the investment at 30 September 2016.

It said that inclusive of proceeds already received, this equated to a total equity return for Electra’s investment in Hollywood Bowl of 3.9x original cost; an IRR of 92%.

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