REG - Partners Grp Pvt Eqt Partners Grp E-PEYS - PGPE Ltd publishes June NAV

Partners Private EquityAnnouncement

12/08/2025 07:00

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RNS Number : 9583U  Partners Group Private Equity Ltd  12 August 2025

(LSE: PEYS/PEY)

 

Partners Group Private Equity Limited

 

NAV declined by 0.1% in June

 

 

·    NAV marginally decreased to EUR 13.79 per share, corresponding to EUR
953.5 million

·    Value creation (+1.7%) i  (#_edn1) offset by unfavorable currency
movements (-1.6%)

·    PGPE Ltd received EUR 28.4 million in distributions and invested EUR
4.8 million

·    As of 30 June 2025, PGPE Ltd had cash and cash equivalents of EUR 8.3
million and EUR 120 million undrawn credit facility

 

In June, global markets continued to navigate persistent volatility amid
lingering uncertainties, creating sustained headwinds for the US dollar. This
currency depreciation was the primary factor affecting the NAV negatively
during the month. Against this backdrop, the portfolio demonstrated resilience
with several companies contributing to value creation. Besides the listed
holdings, International Schools Partnership ("ISP") continues to contribute,
reflecting its continued robust financial performance, both organically and
via acquisitions. The leading global K-12 education provider continues to
excel in delivering English and multi-lingual education. A particularly
exciting recent development was the continued expansion of the ISP
International Learning Opportunities for Students Program with the launch of
ISP Writers to help ISP students connect through creative writing.

 

PGPE Ltd received EUR 28.4 million in distributions in June, of which
approximately EUR 22 million came from a block trade in Vishal Mega Mart
("Vishal"), a leading Indian retailer, through a secondary offering of 900
million shares. The transaction represents the largest block trade by
financial sponsors in India, generating approximately USD 1.2 billion in gross
proceeds. Following its listing in December 2024, the share price performed
strongly and towards the end of the reporting month, Vishal was included in
the FTSE Global Mid Cap Index. Since Partners Group's initial investment in
2018, Vishal has demonstrated strong growth, with EBITDA and revenue growing
at 24% CAGR in the last three years reflecting double-digit same-store sales
growth and the successful execution of several value creation initiatives,
including store expansion and operational efficiency improvements. Following
this partial realization, the remaining NAV of Vishal in the portfolio of PGPE
Ltd is EUR 68.3 million  ii  (#_edn2) .

 

The remaining balance of distributions mainly consisted of proceeds from
Galderma, the pure-play dermatology category leader, and Aavas Financiers
("Aavas"), a market leader in affordable housing finance in India. EUR 4.0
million stemmed from the partial sale of the stake in Galderma via an
accelerated bookbuild at a price more than 80% above its IPO price since its
listing in March 2024, with a remaining NAV of EUR 23.7 million in the
portfolio of PGPE Ltd as of 30 June 2025. EUR 1.6 million represents the final
proceeds received from Aavas an investment held by Partners Group since 2016.
During the nine-year holding period, Partners Group supported Aavas with
several transformational initiatives, including strengthening the management
team, digitalizing operations, and accelerating branch expansion to 397
locations across India. The company was listed in 2018 and since then the
position has been gradually sold down.

 

Finally, of the EUR 4.8 million invested over the reporting period, EUR 3.1
million was a direct co-investment in a cloud-native SaaS platform based in
Sweden. The platform offers comprehensive accounting and various financial
service solutions tailored for small- and medium-sized businesses. It holds
the leading position within the Swedish SMB ecosystem and has evolved into the
provider of choice for newly formed enterprises, with a majority of newly
registered Swedish companies adopting its software. The firm's best-in-class
software metrics are driven by robust organic growth and strong margins,
making it an attractive investment opportunity.

 

 

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 over USD 174 billion in investment programs under management in
private markets, of which USD 83 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) Shown NAV of Vishal is net of taxes and lock-up discount.

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