IPO of Aston Martin
Zug, October 3, 2018
Aston Martin Lagonda Global Holdings plc (Aston Martin), one of the world's leading manufacturers of luxury sports cars, completed its initial public offering on October 3, 2018, on the London Stock Exchange. The issue price of GBP 19.00 per share implies a GBP 4.33bn valuation. The stock closed at GBP 18.10 on it's first trading day.
Private Equity Holding is invested in Aston Martin via a direct co-investment and holds further indirect exposure through its investment in Investindustrial V and BI-Invest Endowment Fund.
The entry cost of the co-investment in 2013 was EUR 4.7m. The NAV published for the month of August included a EUR 20.0m valuation for the co-investment in Aston Martin as at June 30, 2018. In the IPO, PEH realised 25% of its direct investment at the issue price, which will result in a cash flow of approximately EUR 7.1m. The valuation of the remaining position will be reflected in the half-year report as per September 30, 2018, in accordance with the accounting and valuation principles of PEH.
The NAV per PEH share as of September 30, 2018 will be published on October 8, 2018.
Private Equity Holding AG (SIX: PEHN) offers investors the opportunity to invest, within a simple legal and tax optimized structure, in a broadly diversified and professionally managed private equity portfolio.
For further information, please contact:
Anna Knaub, Investor Relations, [email protected], phone +41 41 726 79 80, http://www.peh.ch