March 30, 2017 / 6:30 AM / 5 months ago

BRIEF-Epiris agrees the sale of treetops nurseries

March 30 (Reuters) - Electra Private Equity Plc -

* Epiris agrees the sale of treetops nurseries

* Agreed sale of treetops nurseries ("treetops"), UK's fourth largest nursery education operator, to busy bees

* Transaction is anticipated to close in April

* Expected to receive proceeds from sale of 93 million pounds, an uplift of 44 million pounds or 91 pct

* Sale proceeds also equivalent to an increase in its NAV of 107 pence per share on valuation of investment at Sept. 30 2016

* Equates to a return of 6.5x cost and an IRR of 59 pct Source text for Eikon: Further company coverage:

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