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Electra Private Equity
Type Public Company (LSE: ELTA)
Founded 1976
Headquarters Flag of the United Kingdom.svg London, UK
Key people Sir Brian Williamson, (Chairman)
Industry Private Equity
Products Investments, private equity funds
Operating income £7.2 million (2008)
Net income £(69.4) million (2008)
Website www.electraequity.com

Electra Private Equity (LSE: ELTA) is a British-based investment trust specialising in private equity. The trust is managed by Electra Partners LLP an independent private equity fund manager and is a constituent of the FTSE 250 Index.

The Company takes direct investments in leveraged equity positions in buyouts and similar transactions; other types of investments including property and listed opportunities, where these can be approached from a private equity perspective. As at 30 September 2008, the Company had £0.7bn of investments under management.[1]

Contents

History

The Company was founded by Michael Stoddart in 1976 as Electra Investment Trust.[2] The current management team of the company's manager, Electra Partners, trace their roots with the firm to 1992.

In 1989, Electra initiated a middle market leveraged buyout group, Electra Partners Europe. In 2005, Electra Partners Europe completed a spinout from its investment trust parent.[3] The following year, in 2006, Electra Partners Europe renamed itself Cognetas. As of 2009, Cognetas manages two private equity funds, most recently a €1.25 billion fund raised in 2006.[4] In 2008, the Company initiated a new middle market private equity business, unrelated to Cognetas, and completed raising a £100 million fund for new investments in May 2008.[5]

In 1999 3i Group made an unsuccessful hostile bid to take over the Company.[2]

See also

References

External links

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