(LSE: PEYS/PEY)
Partners Group Private Equity
Limited
PGPE Ltd publishes May
NAV
· NAV
decreased by 0.7% to EUR 14.19 per share; total net assets at EUR 981.43 million
· PGPE Ltd
declared a first interim dividend of EUR 0.355 per share, with the
shares trading ex-dividend during the month
·
Value creation contributed 0.2%, while currency
movements detracted 0.7%
· PGPE Ltd
received distributions of EUR 22.9 million and invested EUR 1.0
million
In May, the Company received distributions of EUR
22.9 million, largely from the sale of Civica, a UK-based provider
of cloud software solutions for the public sector. Since Partners
Group's initial investment on behalf of its clients in 2017, Civica
has grown into a global leader in this space. Civica's software is
used by over 6'200 public sector customers for the running of
essential government functions across four verticals, including
local government, healthcare, education, and central government,
enabling improved delivery of services to citizens while reducing
costs and boosting revenue and productivity.
EUR 0.6 million stemmed from the partial sale of PGPE
Ltd's interest in Galderma, a global dermatology company that
develops, manufactures, and distributes a range of medical and
consumer skin health solutions. In March 2024, Galderma raised USD
2.6 billion via a public listing on the SIX Swiss Exchange, with
the proceeds from the share sale being used primarily to pay down
debt and refinance the remaining capital structure. Headquartered
in Switzerland, the company has a global presence in over 50
locations across 40 countries.
The resolution to change the Company's name to
Partners Group Private Equity Limited passed its shareholder vote
at the Annual General Meeting which was held after month end. To
reflect the Company's new name, the corporate website address will
be changed to www.partnersgroupprivateequitylimited.com.
Shareholders should take note that temporarily, the old website
would still be accessible. All other Company details including the
ISIN, SEDOL and TIDM will remain unchanged. Shareholders are
unaffected by the changes and existing share certificates will
remain valid and should be retained.
Further information is available in the monthly
report, which can be accessed via:
https://www.partnersgroupprivateequitylimited.com/en/investor-relations/financial-reports/
Ends.
About Partners Group
Private Equity Limited
PGPE Ltd (formerly Princess Private Equity Holding
Limited) is an investment holding company founded in 1999 and
domiciled in Guernsey. It invests in private equity direct
investments. PGPE Ltd is managed in its investment activities by
Partners Group, a global private markets investment management firm
with USD 147 billion in investment programs under management in
private markets, of which USD 76 billion is in private equity. PGPE
Ltd aims to provide shareholders with long-term capital growth and
an attractive dividend yield. PGPE Ltd is traded on the Main Market
of the London Stock Exchange (ticker: PEY for the Euro Quote; PEYS
for the Sterling Quote).
Contacts
Partners Group Private Equity Limited:
pgpe-ltd@partnersgroup.com
www.partnersgroupprivateequitylimited.com
|
Investor relations contact:
pgpe-ltd@partnersgroup.com
www.partnersgroupprivateequitylimited.com
|
Media relations contact:
Jenny Blinch
Phone: +41 41 784 65 26
E-mail:
jenny.blinch@partnersgroup.com
|
Registered Number:
35241 LEI: 54930038LU8RDPFFVJ57
Notes:
1. Note that
references in this announcement to Partners
Group Private Equity Limited have been
abbreviated to "PGPE Ltd" or "Company". References to Partners
Group AG have been abbreviated to "Partners Group" or "Investment
Manager".
2. This
document does not constitute an offer to sell or a solicitation of
an offer to buy or subscribe for any securities and neither is it
intended to be an investment advertisement or sales instrument of
Partners Group Private Equity Limited. The distribution of this
document may be restricted by law in certain jurisdictions. Persons
into whose possession this document comes must inform themselves
about and observe any such restrictions on the distribution of this
document. In particular, this document and the information
contained therein is not for distribution or publication, neither
directly nor indirectly, in or into the United States of America,
Canada, Australia or Japan.
3.
This document may have been prepared using
financial information contained in the books and records of the
product described herein as of the reporting date. This information
is believed to be accurate but has not been audited by any third
party. This document may describe past performance, which may not
be indicative of future results. No liability is accepted for any
actions taken on the basis of the information provided in this
document. Neither the contents of PGPE Ltd's website nor the
contents of any website accessible from hyperlinks on PGPE Ltd's
website (or any other website) is incorporated into, or forms part
of, this announcement.