ELECTRA PRIVATE EQUITY PLC
Interim Management Statement for the three month period to 31 December 2012
The information contained in this announcement is restricted and is not for release, publication or distribution, directly or indirectly, nor does it constitute an offer of securities for sale in the United States, Canada, Japan, Australia or New Zealand.
References in this announcement to Electra Private Equity PLC and its subsidiaries have been abbreviated to 'Electra' or the 'Company'. References to Electra Partners LLP and EQM Capital LLP (manager of Electra's money market investments) have been abbreviated to 'Electra Partners' or 'the Manager'.
Highlights
Unaudited diluted NAV per share as at 31 December 2012 of 2,468p (2,473p at 30 September 2012)
Share price up 35.7% over the year to 31 December 2012 against an 8.2% increase for the FTSE All-Share Index
Share price up 22.6% in the period from 30 September 2012 to 12 February 2013 against a 11.1% increase for the FTSE All-Share Index
Outstanding commitments of £101 million, inclusive of commitment to EP I Secondary Portfolios
Additional commitment (subject to regulatory clearance) on 5 February 2013 to invest £114 million to acquire a portfolio of UBM Plc's Data Services businesses
The top 10 and 20 investments accounted for 59% and 75% respectively of the investment portfolio
Collette Bowe, Chairman of Electra Private Equity, said:
"The period since 30 September 2012 has been active for new investment and Electra Partners has invested and committed to invest nearly £200 million on behalf of Electra. Improved sentiment towards the listed private equity sector coupled with portfolio activity by the Manager has resulted in a strong increase in Electra's share price."
