Zug, March 9, 2020
Net Asset Value as of February 29, 2020
As of February 29, 2020, the Net Asset Value (NAV) per share of Private Equity Holding AG stood at EUR 90.15 (CHF 95.97), representing an increase of 3.5% in EUR (3.1% in CHF) since January 31, 2020.
The NAV increase was driven by positive valuation adjustments in the direct co-investments in Dupont Sustainable Solutions and Morgan Motor Company as well as in several portfolio funds including Clarus III, Procuritas VI and Pelion IV.
PEH received noteworthy distributions from ALPHA CEE II related to it investments in Arx CEE III and Polish Enterprise VI, and from Sycamore II distributing proceeds from Staples North American Delivery, a leading distributor of office products and other workplace supplies to businesses across the US and Canada, and The Limited, a women's apparel and accessories brand.
In the reporting month, PEH committed USD 1.3m to a follow-on investment in Acino Holding, a Swiss pharmaceutical company.
Private Equity Holding will continue its investor relations activities with group presentations in Zurich. Interested parties may register at [email protected].
Private Equity Holding AG (SIX: PEHN) is a listed investment company for private equity investments. It offers institutional and private investors the opportunity to participate in a simple and tax-efficient manner in a diversified and professionally managed private equity portfolio with selective fund and direct investments.
Income from the portfolio is partially reinvested, as well as passed on to the shareholders as annual distributions. Private Equity Holding's portfolio is managed by Alpha Associates, an independent Private Equity, Private Debt and Infrastructure investment manager based in Zurich.
For further information, please contact:
Anna Knaub, Investor Relations, [email protected], phone +41 41 726 79 80, http://www.peh.ch
The basis of the Net Asset Value Calculation and Disclaimer
The number of outstanding shares used for calculation of the Net Asset Value per share amounted to 2,603,427 as of February 29, 2020 (January 31, 2020: 2,604,559). The calculations are prepared in accordance with International Financial Reporting Standards (IFRS) and pursuant to the guidelines of Invest Europe (formerly known as the European Venture Capital Association). The valuations of the fund investments are based on the most recent reported net asset values (NAVs) of the funds. In estimating the fair value of unquoted direct investments, Private Equity Holding AG considers the most appropriate market valuation techniques. The fair value of listed direct investments is the market value. The NAV of Private Equity Holding AG is calculated at the end of each month under a going concern assumption and usually published within six trading days after the cut-off date. The different reporting cut-off dates of the individual companies and funds in which participations are held can lead to short-term distortions and cause discrepancies between the published NAV and the actual total value of Private Equity Holding AG's net assets.