REG - JPEL Private Equity - Statement re Company Update

JPEL Private EquityAnnouncement

18/11/2020 07:01

RNS Number : 6487F
  
JPEL Private Equity Limited
  
18 November 2020
  
 

JPEL Private Equity Limited
Ground Floor
Cambridge House
Le Truchot, St Peter Port
Guernsey, GY1 1WD
www.jpelonline.com
  
 
company update
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GUERNSEY, 18 NOVEMBER 2020
Ahead of the forthcoming Annual General Meeting on 25 November 2020 JPEL Private Equity Limited ("JPEL" or the "Company") wishes to provide an update on progress with regard to its realisation strategy. The Company is pleased to update that the Company's Investment Manager, FCF JPEL Management LLC and its affiliates are currently in advanced negotiations on a transaction pursuant to which the Company would dispose of its largest asset, its interest in MBI Holding, Inc ("MBI"), at a price at or around its carrying value (the "Transaction"). The Company expects to be in a position to make a further announcement in due course. It should, however, be noted that negotiations are ongoing and there can be no guarantee that the Transaction will complete on acceptable terms, or at all.
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 Notes:
LEI Number:  5493005M6GBE3DNJZ894
About JPEL Private Equity Limited
JPEL Private Equity Limited is a Guernsey registered and incorporated, London Stock Exchange-listed, closed-ended investment company (LSE: JPEL) designed primarily to invest in the global private equity market. The investment objective of the Company is to achieve both short and long-term capital appreciation by investing in a well-diversified portfolio of private equity fund interests and by capitalising on the inefficiencies of the secondary private equity market. 
 
ENQUIRIES:
FCF JPEL Management LLC
JPELClientService@fortress.com
 

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