Electra Partners LLP ("Electra Partners") announces the appointment of Chris Hanna as Investment Partner with effect from 1 September 2011.
Chris brings with him over 10 years of private equity experience, most recently at Phoenix Equity Partners where his investments included Nationwide Autocentres, NFT, ASCO and Ashtead Technology Rentals.
Chris will work alongside Alex Fortescue and the other Investment Partners in investing Electra Partners' £350 million investment capacity in what the company expects to be a very good period for investing.
Alex Fortescue, Chief Investment Partner of Electra Partners said: "I am delighted to welcome Chris to Electra Partners. He brings great experience and a successful track record. We have a very talented team and one of my first tasks since arriving in April has been to add to it. I expect we will make further additions to the team over the coming months".
Electra Partners has made three investments since January 2011: heating and hot water treatment specialist, Sentinel Performance Solutions; fine art materials supplier Daler-Rowney; and a secondary investment in Steadfast Capital's second fund.
Electra Partners has gross assets under management of more than £1.2 billion and typically seeks to invest in UK based businesses with enterprise values of between
£75 million and £300 million.