Electra Private Equity

Electra Private Equity
Public Company
Traded as LSE: ELTA
Industry Private Equity
Founded 1976 (1976)
Headquarters London, UK
Key people
 Neil Johnson, (Chairman)
Products Investments, private equity funds
Revenue £54.0 million (2017)[1]
£10.0 million (2017)[1]
£7.0 million (2017)[1]
Website www.electraequity.com

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

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

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.[5] Among the firm's most notable investments are:

References

  1. 1 2 3 "Annual Results 2017" (PDF). Electra Private Equity. Retrieved 25 March 2018.
  2. 1 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. AltAssets, September 6, 2006
  5. ↑ "Electra Private Equity". Trustnet Direct. Retrieved 3 April 2016.
  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. ↑ "Exponent and Electra snap up PhotoBox for £400m". Financial Times. 19 October 2015. Retrieved 25 March 2018.
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