Electra Private Equity Plc (ELTA.L) reported first half financial results Tuesday. Unaudited diluted NAV per share was up 6.1% percent to 2,360p in the six months to March 31, 2012.
Commenting on the results, Colette Bowe, Chairman of Electra Private Equity, said, "Electra made good progress over the last six months with six realisations being made, at significant premiums to carrying values. The Board echoes Electra Partners' confidence that opportunities will arise over the next 12-18 months."
"At a time when debt remains scarce and expensive and there is evidence that raising funds is taking longer than usual, the Board is pleased that Electra's war chest is already well stocked and ready to be deployed," Bowe added.
The firm report investment capacity of £449 million (£16 million cash, £397 million liquidity funds and undrawn borrowings of £36 million.)
Separately, Electra Private Equity said it appointed Roger Yates as a non-executive director with immediate effect.
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by RTT Staff Writer
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