HPEQ Henderson Pr

 
TIDMHPEQ 
 
HENDERSON GLOBAL INVESTORS 
 
8 February 2013 
 
HENDERSON PRIVATE EQUITY INVESTMENT TRUST PLC (the `Company') 
 
Realisation Strategy Update 
 
In the circular to Shareholders dated 8 November 2012 relating to the Third 
Tender Offer, the Chairman stated that the Board would like to be able to 
propose the voluntary liquidation of the Company as early as practicable in 
2013, but that the timing would depend on realisations in the remainder of the 
invested portfolio. 
 
On 1 February 2013 the Company announced that it had received a cash 
distribution of GBP7.9 million in relation to the sale of Advantage Healthcare by 
Rutland Fund I. Following this distribution, the Company's cash and equivalents 
are approximately GBP10.5 million. The Company now has only two remaining 
underlying portfolio companies, both of which sit within August Equity Partners 
I. The Company's carrying value for its holding in August Equity Partners I is 
currently GBP3.9 million. 
 
In view of the very advanced status of the Realisation Strategy the Board is 
now aiming to post a circular to Shareholders, probably during the second 
quarter of 2013, which will propose the Company's voluntary liquidation and the 
appointment of a liquidator. 
 
It is expected that the voluntary liquidation proposal will include a 
substantial initial capital distribution by the liquidator to those 
Shareholders on the Company's Register of Members at the date of the 
liquidator's appointment. The liquidator will, however, need to retain 
sufficient cash and other assets to cover the Company's estimated residual and 
contingent liabilities, with further distributions being made to Shareholders 
as and when possible. 
 
For the avoidance of doubt, in view of the approach outlined above, the Board 
does not currently anticipate that any further tender offers will be undertaken 
as part of the Company's Realisation Strategy nor is it anticipating using 
buyback powers unless absolutely necessary. 
 
Enquiries: 
 
Ian Barrass 
Portfolio Manager 
Henderson Private Equity Investment Trust plc 
Tel: 020 7818 2964 
 
James de Sausmarez 
Head of Investment Trusts 
Henderson Global Investors 
Tel: 020 7818 3349 
 
Robin Archibald/Alex Blake 
Winterflood Investment Trusts 
Tel: 020 3100 0290 
 
 
 
 
 
END 
 

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