Partners Grp E Regulatory News (PEY)

(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. 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

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.