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

Partners Private EquityAnnouncement

28/06/2024 07:00

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RNS Number : 2418U  Partners Group Private Equity Ltd  28 June 2024

(LSE: PEYS/PEY)

 

Partners Group Private Equity Limited

 

PGPE Ltd publishes May NAV

 

 

·    NAV decreased by 0.7% to EUR 14.19 per share; total net assets at EUR
981.43 million

·    PGPE Ltd declared a first interim dividend of EUR 0.355 per share,
with the shares trading ex-dividend during the month

·    Value creation contributed 0.2%, while currency movements detracted
0.7%

·    PGPE Ltd received distributions of EUR 22.9 million and invested EUR
1.0 million

 

In May, the Company received distributions of EUR 22.9 million, largely from
the sale of Civica, a UK-based provider of cloud software solutions for the
public sector. Since Partners Group's initial investment on behalf of its
clients in 2017, Civica has grown into a global leader in this space. Civica's
software is used by over 6'200 public sector customers for the running of
essential government functions across four verticals, including local
government, healthcare, education, and central government, enabling improved
delivery of services to citizens while reducing costs and boosting revenue and
productivity.

 

EUR 0.6 million stemmed from the partial sale of PGPE Ltd's interest in
Galderma, a global dermatology company that develops, manufactures, and
distributes a range of medical and consumer skin health solutions. In March
2024, Galderma raised USD 2.6 billion via a public listing on the SIX Swiss
Exchange, with the proceeds from the share sale being used primarily to pay
down debt and refinance the remaining capital structure. Headquartered in
Switzerland, the company has a global presence in over 50 locations across 40
countries.

 

The resolution to change the Company's name to Partners Group Private Equity
Limited passed its shareholder vote at the Annual General Meeting which was
held after month end. To reflect the Company's new name, the corporate website
address will be changed to www.partnersgroupprivateequitylimited.com
(http://www.partnersgroupprivateequitylimited.com) . Shareholders should take
note that temporarily, the old website would still be accessible. All other
Company details including the ISIN, SEDOL and TIDM will remain unchanged.
Shareholders are unaffected by the changes and existing share certificates
will remain valid and should be retained.

 

 

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 147 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's website nor the contents of any website
accessible from hyperlinks on PGPE Ltd's website (or any other website) is
incorporated into, or forms part of, this announcement.

 

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