FAQ
What is Electra’s view of 2009?
Electra is well positioned to withstand the recessionary consequences of the credit crisis and subsequent decline in stock markets with adequate cash resources to meet its future commitments and to support and build the portfolio.
Throughout the 2008 calendar year, the underlying trading of the majority of portfolio companies remained above the prior year. In the first three months of 2009 however, the trading performance of a number of these companies has been behind budget as the operating environment becomes increasingly difficult.
Against this background a key part of the strategy going forward is to protect the existing portfolio and ensure that portfolio companies protect their cash resources. At Electra Partners we have a management team which has considerable experience in managing private equity portfolios through a number of economic cycles.
Electra continues to maintain a cautious approach to new investment in view of the unstable economic conditions.