Between 1 October 1999 and 30 September 2012 Electra sold investments realising a total of
�3.2 billion, made further investments of �1.6 billion and returned a total of �1.2 billion in cash to shareholders via tender offers and on-market share buy-backs.
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.
Electra Partners, on behalf of Electra, will aim to achieve this target rate of return by utilising a flexible investment strategy and:
- exploiting a track record of successful private equity investment;
- utilising the proven skills of its senior management team, its strong record of dealflow generation and long-term presence in the private equity market;
- investing in a number of value creating transactions with a balanced risk profile across a broad range of investment sectors through a variety of financial instruments;
- actively managing its total capital position and levels of gearing in light of prevailing economic conditions.
Electra has a policy to maintain total gearing below 40% of its total assets.
Electra Partners will target private equity opportunities (including direct investment, fund investment and secondary buy-outs of portfolios and funds) so that the perceived risks associated with such investments are justified by expected returns. These investments will be made across a broad range of sectors and types of financial instrument such as equity, senior equity, convertibles and mezzanine debt.