Type Public Company Industry Private Equity Headquarters London, United Kingdom Founded 1976 | Traded as LSE: ELTA Website www.electraequity.com Revenue 82 million GBP (2015) Net income 29 million GBP (2015) | |
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Key people Neil Johnson, (Chairman) Products Investments, private equity funds Stock price ELTA (LON) 4,935.90 GBX -16.10 (-0.33%)8 Mar, 4:49 PM GMT - Disclaimer | ||
Electra Private Equity is a British-based investment trust specialising in private equity. The trust is managed by Epiris (formerly Electra Partners LLP), an independent private equity fund manager, and is a constituent of the FTSE 250 Index. Among the firm's most notable investments are:
Contents
History
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.
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.