Initial Investment: 01/01/2008
Sector: Business Services
Fund: Buyout Fund I
Investment highlights to date
- Supported two acquisitions which broadened the product offering particularly within operating within secured government environments
- Completed a successful exit to Capita plc.
Electra-net had developed a specialism in wireless technology and had contracted with the Ministry of Defence and several universities to design and install these systems. The business also had contracts with major blue-chip organisations such as British Telecom and HP.
We believed that there would be acquisition opportunities for the business which would expand its product offering through additional security services and skill sets.
The guys at Palatine showed a good understanding of our business from the start.