Electra Partners announces the appointment of Bill Priestley as Partner with effect from 10 February 2014.
Bill will join the firm’s management and investment committees and will work alongside Chief Investment Partner Alex Fortescue and the investment team to invest Electra Partners’ £450 million of dry powder (as at 30 September 2013).
Bill joins from mid-market UK private equity firm LGV Capital, where he was Managing Director. He was with LGV for more than 10 years and has led on a variety of significant deals including The Liberation Group, South Lakeland Parks, Amber Taverns and The Club Company. Prior to that, Bill worked at N M Rothschild & Sons and Barclays Bank. He has a degree in Law from Cambridge University.
Alex Fortescue, Chief Investment Partner, commented:
“We are delighted to welcome Bill to Electra Partners as a member of our senior management team. Bill is a key hire to continue to develop the firm and to further drive Electra’s deal sourcing and execution capability.”
Bill Priestley, Partner at Electra Partners, said:
“I am very pleased to be joining Electra Partners; the firm has an extremely strong long-term track record and its flexible investment strategy is well suited to the task of finding the most attractive investment opportunities in today’s market. I look forward to contributing to its continued success.”
Electra Partners’ flexible investment approach allows it to invest broadly across the private equity market with a particular focus in three areas: buyouts & co-investments, secondaries and debt. In the year to
30 September 2013, Electra Partners announced record levels of investments and realisations, investing £337 million and realising £459 million on behalf of its major client Electra Private Equity PLC.
As at 30 September 2013, Electra Partners had gross assets under management of over £1.5 billion.
For further information please contact:
For Bill Priestley:
Andrew Honnor and Matthieu Roussellier, Greenbrook Communications +44 (0)20 7952 2000
Andrew Kenny and Nicholas Board, Electra Partners +44 (0)20 7306 3932
Note to Editors:
About Electra Partners LLP
Electra Partners is an independent private equity fund manager with over 25 years' experience in the mid-market buyout sector. During the last 25 years it has invested in excess of £4.1 billion in over 150 deals. As at 30 September 2013, the firm had funds under management of over £1.5 billion including available investment capacity of more than £450 million.
Electra Partners’ flexible investment strategy allows it to invest broadly across the private equity market with particular focus on: Buyouts and Co-investments, Secondaries and Debt. In addition to this, its long-term capital base means it is not constrained by expiring investment periods or exit pressure driven by fund raising cycles and is therefore able to realise investments only when returns are maximised for its investors.
The firm's major client is Electra Private Equity PLC (“Electra”), a private equity investment trust which has been listed on the London Stock Exchange since 1976. Electra’s long-term investment performance has been consistently superior to private equity and other benchmarks. Over the ten years to 30 September 2013, Electra has seen diluted NAV per share growth of 279% compared to a 140% increase in the FTSE All-Share.
For further information please visit www.electrapartners.com.
Electra Partners LLP is authorised and regulated by the Financial Conduct Authority.