The war of words between Sherborne Investors and Electra Private Equity intensified on Wednesday after Sherborne issued a letter proposing a number of changes at the London-based private equity firm. Here is a look at what the analysts think.

Sherborne, the firm led by activist investor Edward Bramson, now owns 20% of shares in Electra. Tensions between the two companies have been building ahead of a meeting on October 6 between the board of Electra and Sherborne, where the latter will attempt to overhaul the board of directors at the private equity firm.