Electra Private Equity

Electra Private Equity is a British-based investment trust specialising in private equity. It is listed on the London Stock Exchange.

Electra Private Equity
TypePublic Company
LSE: ELTA
IndustryPrivate Equity
Founded1976 (1976)
HeadquartersLondon, UK
Key people
Neil Johnson, (Chairman)
ProductsInvestments, private equity funds
Revenue£54.0 million (2017)[1]
£10.0 million (2017)[1]
£7.0 million (2017)[1]
Websitewww.electraequity.com

History

The company was founded by Michael Stoddart in 1976 as Electra Investment Trust.[2] In 1999 3i Group made an unsuccessful hostile bid to take over the company.[2] 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.[4]

Operations

At a General Meeting held on 30 October 2018, shareholders approved a change of the investment objective and policy to the following:The investment objective is to follow a realisation strategy which aims to crystallise value for shareholders, through balancing the timing of returning cash to shareholders with maximisation of value. The Company will not make any new investments but will continue to support its existing investments to the extent required in order to optimise returns. The Company will retain sufficient cash to meet its obligations and to support its portfolio assets, with cash from realisations being invested in AAA rated money market funds pending utilisation or return to shareholders.[5] Among the firm's most notable investments are:

[8]

References
  1. "Annual Results 2017" (PDF). Electra Private Equity. Retrieved 25 March 2018.
  2. Electra bombshell on pay blew up 3i talks The Independent, 30 March 1999
  3. Electra spin-out delays fundraising. Dow Jones Financial News, May 27, 2005
  4. Electra Partners Europe renames itself Cognetas, opens new office in Italy Archived 2012-07-20 at Archive.today. AltAssets, September 6, 2006
  5. https://www.electraequity.com/about-us/investment-policy
  6. "Electra to buy shoe chain Hotter in £200m deal". The Telegraph. 19 January 2014. Retrieved 25 March 2018.
  7. "UK arm of TGI Fridays sold to Electra Partners - Financial Times". FT. 23 December 2014. Retrieved 25 March 2018.
  8. https://www.electraequity.com/portfolio
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