Eleco plc (AIM: ELCO) has seen its shareholder backing strengthen to 41.5 million shares, or approximately 49.2% of its issued capital, following additional commitments from Tikvah Management LLC. The increase comes after the company’s acquisition by Avocet Bidco Limited, a vehicle managed by Accel-KKR, was announced on September 10. Previously, support stood at 38.2 million shares (45.1%), marking a notable rise in confidence ahead of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 to formalize the deal.
Eleco’s Shareholder Support Rises to 49.2% in Accel-KKR Deal
Tikvah Management’s commitment boosts support to 41.5 million shares, or ~49.2% of Eleco’s issued capital, as the AIM-listed firm seeks court-sanctioned acquisition via scheme of arrangement.
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Lucas Ferreira · Deals & Startups Desk · 19 Sept 2026 · 23:07 · 1 min read
This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Lucas Ferreira
Deals & Startups Desk
Lucas covers M&A activity and startup funding rounds, tracking deal structures and valuations to explain what a transaction means for the companies and markets involved.
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