City Scape

Electra Private Equity


Market Cap£216m

Last Close 554p

Electra Private Equity’s investment objective is to follow a realisation strategy, which aims to crystallise value for shareholders through balancing the timing of returning cash to shareholders with maximisation of value.

More Electra Private Equity content >

Investment summary

On 21 May, Electra Private Equity (ELTA) announced the board’s intention to demerge Fridays – the largest of the two operating businesses (74% of ELTA’s NAV) – onto the FTSE Main Market and, subsequently, to bring Hotter Shoes (10% of NAV) to AIM through reclassification of the Electra entity. This followed the 15 April announcement about the disposal of Sentinel for £22.2m (58.1p per share), £11.3m higher than the asset’s carrying value on the balance sheet at 30 September 2020. ELTA has been following a realisation strategy since October 2016, when it had a market cap of c £1.7bn, and has since returned c £2bn to shareholders. Since our December 2020 initiation note, the shares have appreciated from a 22% discount to NAV to currently trading at a 7% premium. The share price has almost doubled from 275.5p to 550.5p per share.

Content on Electra Private Equity
Electra Private Equity – The realisation strategy – step by step
Investment companies | Update | 16 April 2021
View more
Register to receive research on Electra Private Equity as it is published
Investment companies
Access more Investment companies content
Share price graph
Price performance
Actual (6.7) (7.4) 188.5
Relative* (5.5) (7.4) 132.0
52-week high/low 670.0p/172.2p
*% relative to local index
Key management
Gavin Manson Chief financial and operating officer
Neil Johnson Executive Chairman

You may also be interested in…