REG - Partners Grp Pvt Eqt Partners Grp E-PEYS - NAV increases by 1.3% in June

Partners Private EquityAnnouncement

02/08/2024 07:00

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RNS Number : 9619Y  Partners Group Private Equity Ltd  02 August 2024

(LSE: PEYS/PEY)

 

Partners Group Private Equity Limited

 

NAV increases by 1.3% in June

 

 

·    NAV increased by 1.3% to EUR 14.38 per share; total net assets at EUR
994.45 million

·    Positive value creation (1.1%) and currency movements (0.7%)

·    NAV total return for six months to 30 June 2024 of 4.1%

·    PGPE Ltd received distributions in June of EUR 75.1 million

·    Revolving credit facility fully repaid, with cash and cash
equivalents at 30 June 2024 of EUR 24.6 million

 

PGPE Ltd received distributions of EUR 75.1 million in June, of which EUR 70.2
million stemmed from the sale of SRS Distribution ("SRS"). SRS was sold to The
Home Depot, the world's largest home improvement retailer, at an enterprise
valuation of USD 18.25 billion. The transaction closed in June 2024. Based in
the US, SRS is one of the largest distributors of roofing, landscaping, and
pool supply products. Founded in 2008, SRS has grown via acquisitions and
greenfield branch openings, while same-store sales growth benefitted from an
expanding US property market and rising roof replacement demand. The company
also expanded into several new distribution segments, including landscaping
and swimming pools.

 

The remaining balance of EUR 4.9 million largely came from KinderCare
Education, the largest for-profit provider of early childhood education and
care services in the US, while EUR 0.9 million stemmed from the sale of a
portion of the shares in AAVAS Financiers, an India-based housing finance
company providing housing loans and related financing to low- and
middle-income borrowers in semi-urban and rural areas, through an open market
sale on the National Stock Exchange of India.

 

At portfolio level, International Schools Partnership ("ISP") was among the
largest value drivers. The leading international K-12 schools group providing
English and multi-lingual education is progressing well on its expansion plan
and anticipates significant M&A activity in the near term. Partners Group
continues to work with ISP's management and board on further building the
business into a world class learning platform achieving the best student
outcomes. ISP has also enjoyed continued organic growth and aims to scale the
platform further, developing a unique selling proposition by augmenting
education with artificial intelligence (AI) enabled technology.

 

 

 

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:                 Media relations contact:

 pgpe-ltd@partnersgroup.com                  Jenny Blinch

 www.partnersgroupprivateequitylimited.com   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.

 

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