(LSE: PEYS/PEY)
Partners Group Private Equity
Limited
NAV increases by 2.4% in
October
· NAV
increased by 2.4% to EUR 14.58 per share; total net assets at EUR
1'008.1 million
· Positive
value creation (1.7%) and currency movements (1.1%)
· PGPE Ltd
received distributions of EUR 7.6 million
PGPE Ltd received distributions totaling 7.6 million,
with EUR 2.3 million coming from Rosen Group, a global market and
technology leader in mission-critical inspection services for
energy infrastructure assets. PGPE Ltd acquired a stake in Rosen
Group in March 2024 and the business has continued to perform
strongly since then. On the back of healthy organic growth and
deleveraging, the company completed a refinancing in October 2024
from which a portion of the proceeds were used to fund a
distribution. Meanwhile, Partners Group and Rosen Group's board of
directors have aligned on a slate of value creation initiatives,
which are currently under way. The remaining balance was driven by
legacy investments.
At a portfolio level, Forterro was among the largest
value drivers due to its robust financial performance. Recently,
the company acquired Germany-based Orgadata, a software provider
for the global window, door, and façade industry. Orgadata's main
solution, Logikal, enables firms to digitalize the manufacturing of
windows, doors, and curtain walls at all levels. The transaction is
expected to close in the first quarter of 2025 pending regulatory
approvals. Partners Group continues to work with Forterro's
management in transforming the platform into Europe's leading
software provider to the industrial mid-market.
PGPE Ltd declared a second interim dividend of EUR
0.355, with a payment date of 13 December 2024. Together with the
first interim dividend for 2024, which was paid in June, this
translates into a dividend yield of 5.0% on the prior year closing
NAV. The prospective dividend for FY24 is 7.0% based on the share
price as of 31 October 2024.
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:
Andreea Mateescu
Phone: +41 41 784 66 73
E-mail: andreea.mateescu@partnersgroup.com
|
Media relations contact:
Jenny Blinch
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.