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Electra PE is ready to spend
Electra Private Equity said it expects to take advantage of the gloom in the buyout sector as it reported a rise in net asset value (NAV). Basic NAV per share inched 2.3 per cent up to £23.77 and climbed 2.1 per cent to £22.71 on a diluted level for the quarter to 31 December. The firm has an investment capacity of more than £400m and said it is in a strong position to invest as private equity firms face funding pressures, banks sell off assets and companies look for equity top-ups.