Electra Private Equity
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| Type | Public Company (LSE: ELTA) |
|---|---|
| Industry | Private Equity |
| Founded | 1976 |
| Headquarters | London, UK |
| Key people | Colette Bowe, (Chairman) |
| Products | Investments, private equity funds |
| Operating income | £10.2 million (2010)[1] |
| Net income | £1.6 million (2010)[1] |
| 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.
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[edit] 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. Electra Private Equity PLC is managed by the independent private equity fund manager Electra Partners LLP (www.electrapartners.com).
In 1999 3i Group made an unsuccessful hostile bid to take over the Company.[2]
[edit] Operations
Electra’s objective is to achieve a rate of return on equity of between 10 – 15% per year over the long-term by investing in a portfolio of private equity assets.
[edit] See also
[edit] References
- ^ a b Annual Report 2010
- ^ a b Electra bombshell on pay blew up 3i talks The Independent, 30 March 1999
- ^ Electra spin-out delays fundraising. Dow Jones Financial News, May 27, 2005
[edit] External links
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