Cognetas, the private equity group spun out of Electra three years ago, is in talks with lenders about restructuring the debts at four of its portfolio companies, after it lost control of two investments last year. The multiple setbacks could tarnish the UK-based group’s reputation ahead of its next round of fundraising, which had been expected to start as early as this year. Cognetas declined to comment. But the FT has learnt that talks with lenders are underway at SGD, a French glassmaker; Covenant Healthcare, a UK plastic surgery group; Novus, a UK pub operator; and CPI, a French printer.

This entry was posted by Gwen Robinson on Thursday, January 22nd, 2009 at 5:43 and is filed under Capital markets, M&A, Private equity. Tagged with cognetas, electra. Edit this entry.