(LSE: PEYS/PEY)
Partners Group Private Equity
Limited
NAV increases by 1.2% in
November
· NAV
increased by 1.2% to EUR 14.40 per share; total net assets at EUR
995.7 million
· PGPE Ltd
declared a second interim dividend of EUR 0.355 per share, with the
shares trading ex-dividend during the month
· Positive
value creation (0.6%) and currency movements (1.2%)
· PGPE Ltd
received distributions of EUR 2.8 million
In November, a key performance driver at a portfolio
level was Vishal Mega Mart ("Vishal"), a leading retailer in India.
At the end of the month, PGPE Ltd's stake in Vishal was valued at
EUR 65.6 million[i], resulting in an uplift of
around 20% compared to the October monthly report. The November NAV
only partially reflects the impact of Vishal's Initial Public
Offering ("IPO") in December. Further information on the IPO is
available in the press release accessible via the following
link. The positive contribution from Vishal was partially
offset by a decrease in the listed share price of KinderCare
Learning Companies, the largest for-profit provider of early
childhood education and care services in the US. Finally, Emeria, a
leading European provider of residential property management
services, was another top contributor during the month.
The company continues to report steady growth,
thanks to its robust acquisition strategy and resilient performance
in core residential real estate services.
PGPE Ltd received distributions totaling EUR 2.8
million, primarily from the final portion of sale proceeds from its
earlier exit of Hofmanns, a Germany-based provider of premium
ready-to-eat frozen meals and tailored catering services to B2B
customers in business canteens, social organizations (e.g. schools,
kindergartens) and hospitals. Partners Group originally acquired
Hofmanns on behalf of its clients in 2014 and worked with
management to drive various growth and operational excellence
initiatives. These included repositioning the Hofmanns brand
towards a modern and sustainable brand proposition, launching a B2C
online sales channel, and digitalization of customer ordering and
internal reporting processes.
The Company recently held its quarterly webcast to
update investors on the developments in the portfolio. The
recording is available via the following
link.
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 149 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:
Andreea Mateescu
Phone: +41 41 784 66 73
E-mail: andreea.mateescu@partnersgroup.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' website nor the
contents of any website accessible from hyperlinks on PGPE Ltd'
website (or any other website) is incorporated into, or forms part
of, this announcement.
