Electra Private Equity
|Traded as||LSE: ELTA|
|Key people||Roger Yates, (Chairman)|
|Products||Investments, private equity funds|
|Revenue||£34.1 million (2013)|
|Operating income||£6.0 million (2013)|
|Net income||£(9.0) million (2013)|
Electra Private Equity 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 was founded by Michael Stoddart in 1976 as Electra Investment Trust. The current management team of the company's manager, Electra Partners, trace their roots with the firm to 1992. In 1999 3i Group made an unsuccessful hostile bid to take over the Company. In 2005, Electra Partners Europe completed a spinout from its investment trust parent. The following year, in 2006, Electra Partners Europe renamed itself Cognetas. The team who remained at Electra Partners continued to manage Electra Private Equity PLC.
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.
- Annual Results 2013
- 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
- Electra Partners Europe renames itself Cognetas, opens new office in Italy. AltAssets, September 6, 2006
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