Electra Private Equity
Encyclopedia
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
.
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. 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.
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
-based investment trust
Investment trust
An Investment trust is a form of collective investment found mostly in the United Kingdom. Investment trusts are closed-end funds and are constituted as public limited companies....
specialising in private equity
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
. The trust is managed by Electra Partners LLP an independent private equity fund manager
Fund of funds
A "fund of funds" is an investment strategy of holding a portfolio of other investment funds rather than investing directly in shares, bonds or other securities. This type of investing is often referred to as multi-manager investment...
and is a constituent of the FTSE 250 Index
FTSE 250 Index
The FTSE 250 Index is a capitalisation-weighted index consisting of the 101st to the 350th largest companies on the London Stock Exchange. Promotions to and demotions from the index take place quarterly in March, June, September and December...
.
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 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. The following year, in 2006, Electra Partners Europe renamed itself Cognetas
Cognetas
Cognetas is a private equity firm focused on leveraged buyout investments in European middle-market companies across a range of industries.The firm, has offices in London, Frankfurt, Milan and Paris. The firm was founded in 1989 as Electra Partners Europe and affiliate of Electra Private Equity, a...
. 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.