Following the successful completion of its demerger from Electra Private Equity PLC, Hostmore was listed on the London Stock Exchange on 2nd November 2021.
Electra's chief financial and operating officer, Gavin Manson, will stay on the Electra board as a non-executive director as the company transitions to Unbound Group.
Gavin Manson, chief financial and operating director at Electra, was quoted in The Times, saying public markets were “relatively strong”.
Commenting on the transaction, Gavin Manson, CFO of Electra Private Equity says: “We are delighted that Adjustoform has become part of Groves. Thomson Snell & Passmore guided this transaction with great skill and multidisciplinary teamwork and we thank them for their expertise and the role they played in enabling a seamless transaction.”
Gavin Manson, Chief Financial and Operating Officer of Electra said: “Michael and the Clearwater International team ran a clinical process, navigating the complexities of the pandemic and delivering an exceptional result for Electra and our shareholders.”