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Position in Universe th / 1816

Candover Investments: Partial Realisation of Investment in Parques Reunidos

Thu 5th January, 2017 10:59am
5 January 2017

Candover Investments plc  

Candover Investments plc ("Candover")* today announces a partial realisation
of its investment in Parques Reunidos ("Parques") which is managed by Arle
Capital Partners Limited ("Arle").  This realisation follows a first partial
realisation completed at the time of the initial public offering of Parques in
April 2016.

Candover has disposed of 26% of its interest in Parques for cash proceeds of
approximately €9.9 million (£8.4 million).  Candover's remaining interest
in Parques is valued at €30.4 million (£25.9 million) at the closing price
of Parques on 4th January 2017 and is subject to a 90 day lock up. Candover's
interest in Parques was valued at £29.1 million in its unaudited accounts for
the period ended 30th June 2016.

Candover's retained interest in Parques of 2.47% will continue to be managed
by Arle, along with the remaining interests of the Candover 2005 Fund.


* Candover means Candover Investments plc and/or one or more of its

For further information, please contact:

Candover Investments plc

Malcolm Fallen, CEO     +44 20 7489 9848

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