REG - Partners Grp Pvt Eqt Partners Grp E-PEYS - NAV increases by 4.4% in December

Partners Private EquityAnnouncement

07/02/2025 07:00

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RNS Number : 3268W  Partners Group Private Equity Ltd  07 February 2025

(LSE: PEYS/PEY)

 

Partners Group Private Equity Limited

 

NAV increases by 4.4% in December

 

 

·    NAV increased by 4.4% to EUR 15.03 per share; total net assets at EUR
1'039 million

·    Positive value creation i  (#_edn1) (4.6%) and currency movements
(0.8%)

·    PGPE Ltd received distributions of EUR 21.7 million and invested EUR
1.3 million

·    Vishal Mega Mart, the second largest portfolio company in PGPE Ltd,
key contributor to value creation (2.9% of NAV) and distributions (EUR 18.8
million)

·    At 31 December 2024, PGPE Ltd has an entire revolving facility of EUR
140 million available and EUR 18.7 million in cash and cash equivalents

 

In December, PGPE Ltd's net asset value rose by 4.4%. Including the dividends
paid to shareholders this year, it results in a NAV total return of 11.4% for
2024, in line with the annualized average NAV performance over the past ten
years.

 

Vishal Mega Mart ("Vishal") remained a key performance driver at portfolio
level. The leading Indian retailer increased in value over the period based on
its share price performance. Vishal began trading on the National Stock
Exchange and Bombay Stock Exchange on 18 December 2024, pricing 1'026 million
shares of common stock at INR 78 per share, giving a fully diluted equity
value of INR 370 billion. As part of the IPO, PGPE Ltd has sold approximately
23% of its underlying investment in Vishal with an uplift of 36% ii  (#_edn2)
, which resulted in a distribution during December of EUR 18.8
million. Since Partners Group's initial investment in 2018, Vishal has
demonstrated strong growth, with EBITDA rising over 55% in the last two years
and revenues by more than 60%, reflecting the successful execution of several
value creation initiatives

 

The remaining balance of EUR 2.9 million in distributions largely came from
Galderma. PGPE Ltd received proceeds from the sale of a portion of its stake
in the pure-play dermatology category leader. The shares were sold via an
accelerated bookbuild process, achieving a price that was over 50% above
Galderma's IPO valuation.

 

Finally, International School Partnership ("ISP") was another key contributor
to value creation. The leading global K-12 schools group's increased value
reflects its robust financial performance, which has been driven both by
strong organic growth and acquisitions. ISP has a strong acquisition team and
proven capabilities in onboarding new acquisitions and delivering sustainable
organic growth through its high-quality offer and learning-focused philosophy.

 

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 152 billion in investment programs under management in private
markets, of which USD 78 billion is in private equity. Partners Group itself
is listed at the Swiss Stock Exchange (ticker: PGHN).  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:                  Media relations contact:

 Andreea Mateescu                             Jenny Blinch

 Phone: +41 41 784 66 73                      Phone: +41 41 784 65 26

 E-mail: andreea.mateescu@partnersgroup.com   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.

 

 i  (#_ednref1) Value creation includes interest and dividend income received
by PGPE Ltd

 ii  (#_ednref2) Compared to the monthly report 31 October 2024 last
published, please refer to the press release here
(https://otp.tools.investis.com/clients/uk/princess_private_equity/rns/regulatory-story.aspx?cid=2492&newsid=1895497)

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