Prefequity completes maiden investment out of Fund II

Prefequity is delighted to announce it has completed its first investment out of Fund II, which had a first closing earlier this year. 

Ilektra is a Midlands-based group that designs, installs and maintains sensory technology in the built environment.

Ilektra operates through two divisions: Daemon Fire & Security, which installs and maintains fire and gas detection and suppression systems, and Custom Technology Solutions, which installs and maintains access control systems. Prefequity's investment will allow the group to strengthen its market position by making selective add-on acquisitions.

Theo Dickens, Prefequity's Managing Partner, commented: "Ilektra is a great example of the kind of business we back with its high level of repeat revenue and deeply experienced management. We look forward to partnering with the Ilektra team as they continue to develop the business."

Mayamiko Kachingwe, Board Director of  Ilektra, commented: “This investment from Prefequity is a significant milestone for Ilektra as it gives us the flexible, non-dilutive funding that is necessary to deliver the next phase of our growth strategy. Over the course of the transaction we have built a positive relationship with the Prefequity team and  we very much look forward to working with them in partnership going forward.”