Net Asset Value as of January 31, 2019
NEWS RELEASE
Zug, February 8, 2019
Net Asset Value as of January 31, 2019
The Net Asset Value of one registered share of Private Equity Holding AG stood at EUR 82.78 (CHF 94.23) as of January 31, 2019. This represents an increase of 1.0% in EUR and 2.0% in CHF, respectively, since December 31, 2018.
The positive performance of PEH was supported by favourable developments in listed investments such as Aston Martin, a luxury sports cars manufacturer and Enanta Pharmaceuticals, a research and development-focused biotechnology company. Several new investments were announced or completed within PEH's fund investment portfolio: Pollen Street Capital III invested in BidX1, a digital property company with an innovative and transparent trading platform to buy and sell residential and commercial property online, and Investindustrial VI announced the acquisition of Ginefiv, the leading Madrid-based fertility clinic in Madrid, Spain, and Jacuzzi Brands, a global manufacturer of premium spas, whirlpools, and related products and accessories.
The enclosed monthly newsletter shows the development of the NAV, the share price as well as certain balance sheet data and portfolio key figures.
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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, anna.knaub@peh.ch, 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 2,606,071 as of January 31, 2019 (December 31, 2018: 2,606,071). 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.