UK-based private equity firm Electra Partners has added Chris Hanna as an investment partner. Hanna, who joined September 1, joins from Phoenix Equity Partners where his investments included Nationwide Autocentres, NFT, ASCO and Ashtead Technology Rentals.
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.
About Electra Partners LLP
Electra Partners is an independent private equity fund manager with over 25 years experience in the mid-market buyout sector. As at 31 March 2011, the firm had funds under management of £1.2 billion on behalf of Electra Private Equity PLC and other clients. The firm’s flexible investment approach allows it to invest across a broad range of sectors and financial instruments including equity, senior equity, convertibles and mezzanine debt. Concentrating principally on Western Europe, and with the majority of investments expected to be made in the United Kingdom, Electra Partners seeks to invest in the region of £40-100million per transaction.