Elecosoft Public Limited Company (ELCO): Offer for the company
This situation live
ELCO Elecosoft Public Limited Company
10 Sep 2026 · offer · 235p · +0% until the next step
Eleco has transformed its business from its heritage in building and lighting equipment production to a technology business with a strong position in the building lifecycle technology market.
2 Oct 2026 · offer · +0% until the next step
the Eleco Directors unanimously recommend that Scheme Shareholders vote in favour of the Scheme at the Court Meeting
Offer for the company
offer
Offer235p in cash
Premium+75% on 134.5p
Bidderprivate equity
As of 15 Oct 2026 ↗
OCT27
Next: Court Meeting and General Meeting in 3 days
Every step · 3
- 10 Sep 2026 offer · 235p – Eleco has transformed its business from its heritage in building and lighting equipment production to a technology business with a strong position in the... ↗
- 2 Oct 2026 offer – the Eleco Directors unanimously recommend that Scheme Shareholders vote in favour of the Scheme at the Court Meeting ↗
- 15 Oct 2026 offer – The total number of Eleco Shares which are subject to the Charles Stanley Letter of Intent has been reduced to 4,453,076 Eleco Shares, representing... ↗
What is happening
Elecosoft Public Limited Company: Offer for the company – offer. ['offer']
- In short
- Eleco's board agreed a recommended 235p cash offer from Avocet Bidco, an Accel-KKR vehicle, announced on 10 September 2026 after an unsolicited approach. The Scheme Document was published on 2 October 2026 and sets the shareholder meetings for 27 October 2026. Completion is expected during or prior to Q1 2027, with a long stop date of 10 March 2027.
- Announced
- 10 Sep 2026 · offer · 235p
- Latest
- 15 Oct 2026 · offer
- Premium
- 74.7% to 134.5p close on 9 September 2026
- Value
- c.£207.6m fully diluted equity; EV £192.4m, c.20.2x 2025 EBITDA (company-stated)
- Bidder
- Avocet Bidco Limited, to be indirectly owned by Accel-KKR funds
- Board view
- Directors unanimously recommend the Scheme and consider the terms fair and reasonable, advised by Stephens
- Irrevocables
- 45.2% of shares via irrevocables and letters of intent (announced 10 September 2026); directors' 408,725 shares, c.0.5%
- Dividends
- No further dividends before the acquisition becomes effective
- Next milestone
- Court Meeting 10.30 a.m. and General Meeting 10.45 a.m. on 27 October 2026; proxy deadline 23 October 2026
- Conditions
- 75% by value and a majority in number at the Court Meeting; Special Resolution; Court sanction; regulatory approvals
What comes next
Court Meeting and General Meeting (27 Oct 2026).
Briefing Pro
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