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Our history

Our experience in the private equity industry goes back over 30 years and our origins even further. Set out below are some of our key milestones and landmark deals.

1976 - 1980 1981 - 1985 1986 - 1990 1991 - 1995 1996 - 2000 2001 - 2005 2006 - 2010 2011 - present
1976 - 1980

1976
Electra Investment Trust Limited, which was renamed Electra Private Equity PLC in 2006, lists on the London Stock Exchange with total net assets of £59 million. The company is led by Michael Stoddart.

1980
As at 31 March Electra Investment Trust has total net assets of £79 million.

1981 - 1985

 

1981
Hugh Mumford joins the firm.

1983
David Symondson joins the firm.

1985
As at 31 March Electra Investment Trust has total net assets of £244 million.

 

1986 - 1990

 

1989
Tim Syder joins the firm.

1990
Steve Ozin joins the firm.

Raises the Electra Private Equity Partners fund (£486 million).

As at 30 September Electra Investment Trust has total net assets of £468 million.

1991 - 1995

 

1992
Rhian Davies joins the firm.

1995
As at 30 September Electra Investment Trust has total net assets of £749 million.

1996 - 2000

1997
Eversholt Leasing, one of three rolling stock leasing companies, originally created as part of the privatisation of the UK's railway industry, is sold to HSBC Holdings. Electra generates total proceeds of £92 million over 13 months; a return of 5.7x and an IRR of 467%.

1999
PHS, a provider of products and services to commercial and industrial wash rooms, is sold to Charterhouse Development Capital. Electra generates total proceeds of £119 million over four years; a return of 7.6x and an IRR of 74%.

2000
Michael Stoddart retires.

As at 30 September Electra Investment Trust has total net assets of £874 million.

2001 - 2005

2001
The Stationery Office, a supplier to Parliament and the Government of publishing, passport production, document management, printing and business supplies, is fully realised. Electra generates total proceeds of £114 million over four and a half years; a return of 4.2x and an IRR of 61%.

During the year ended 30 September 2001, £150 million is repaid to shareholders via a tender offer. Between 1999 and 2007 Electra realises a total of £2.4 billion and returns £1.2 billion in cash to shareholders via tender offers and on-market share buy-backs.

2003
Gower, a manufacturer of self-assembly kitchens, is sold to Nobia. Electra generates total proceeds of £36 million over 15 years; a return of 11.3x and an IRR of 26%.

2004
Safety Kleen Europe, the garage waste removal company, is sold to JPMorgan Partners. Electra generates total proceeds of £103 million over five and a half years; a return of 4.6x original investment and an IRR of 31%.

2005
Charles Elkington joins the firm.

As at 30 September Electra Investment Trust has total net assets of £521 million.

2006 - 2010

2006
Inchcape Shipping Services, the market leading supplier of marine services, is sold to Istithmar. Electra generates total proceeds of £102 million over seven years; a return of 2.7x and an IRR of 24%.

TM Group, the neighbourhood stores operator, is sold to its management and the Bank of Scotland. Electra generates total proceeds of £57 million over 11 years; a return of 1.9x and an IRR of 34%.

Electra Investment Trust is renamed Electra Private Equity.

Alex Cooper-Evans joins the firm.

2008
Raises the Epiris Club 2007 LP Fund (£100 million) to invest alongside Electra Private Equity PLC in control positions.

Freightliner Group, one of the UK's leading container freight rail companies, is sold to Arcapita. Electra receives final proceeds of £85 million. Over 12 years Electra generates a return of 5.5x and an IRR of 46%.

2010
As at 30 September Electra Private Equity has total net assets of £725 million.

2011 - present

2011
Alex Fortescue joins the firm.

Chris Hanna joins the firm.

2012
Capital Safety Group, a leading specialist safety equipment manufacturer, is sold to KKR. Electra generates total proceeds of £197 million over 13 years; a return of 6.5x and an IRR of 23%.

Amtico, the luxury flooring manufacturer, is sold to US trade buyer Mannington Mills. Electra generates total proceeds of £75 million over 16 years; a return of 4.2x original investment and an IRR of 14%.

2013
esure, the motor and home insurance provider, is listed on the London Stock Exchange. Including income and shares still held, the investment in esure generates proceeds for Electra of £84 million over 3 years; a return of 3x original investment and an IRR of 48%.

Allflex, the animal identification systems business, is sold to BC Partners for $1.35 billion. Electra generates total proceeds of $399 million over 15 years; a return of 15x on original investment and an IRR of 28%.

2014
Bill Priestley joins the firm.

2015
Nuaire, the ventilation systems manufacturer, is sold to Polypipe Group Plc in a transaction with an enterprise value of £145 million. Electra received final proceeds of £72 million. Electra's total return on the investment was 3.8x original cost; an IRR of 18%.

2016
Electra Partners is renamed Epiris LLP.

As at 30 September Electra Private Equity has total net assets of £2,074 million.

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