Private Equity Holding AG: net asset value in the month of April 2022

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Private Equity Holding AG / Key word(s): Net asset value

Private Equity Holding AG: net asset value in the month of April 2022

11.05.2022 / 18:00
Net asset value
The issuer is solely responsible for the content of this announcement.

PRESS RELEASE

Zug, 11 May 2022

Net asset value as of April 30, 2022

As of April 30, 2022, the net asset value (NAV) per share of Private Equity Holding AG (PEH) amounted to EUR 155.74 (CHF 159.69), an increase of 1.5% in EUR ( 1.8% in CHF) since March 31, 2022.

PEH’s positive performance in April was largely explained by the favorable strengthening of the USD against the EUR and a positive valuation adjustment of dss+, a co-investment alongside Gyrus Capital and world leader health, safety and environment consulting and operational risk management. dss+ had a good first quarter of the year and expects significant revenue and profitability growth for the year. On the other hand, negative adjustments also took place, mainly with regard to listed technology stocks held by funds and PEH’s indirect exposure to unlisted investments in Russia.

PEH received notable distributions from Abry Heritage, completing the sale of Aftermath, a trauma and biohazard treatment company and Abry VIII, distributing proceeds from the sale of MobileHelp, an alert service provider clinic with telehealth capabilities. Overall, however, portfolio cash flow was negative in April. Nevertheless, PEH reduced its bank debt by 38% by using its excess liquidity.

The Annual General Meeting will take place on June 2, 2022 and the invitation has been posted on the PEH website.

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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 way in a diversified and professionally managed private equity portfolio with selective funds and direct investments.

Portfolio income is partially reinvested and passed on to shareholders in the form of 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 more information, please contact:
Kerstin von Stechow, Investor Relations, [email protected], phone +41 41 726 79 80, http://www.peh.ch

The Basis for Net Asset Value Calculation and Disclaimer

The number of outstanding shares used for the calculation of the net asset value per share amounted to 2,524,604 as of April 30, 2022 (March 31, 2022: 2,524,604). Calculations are prepared in accordance with International Financial Reporting Standards (IFRS) and the guidelines of Invest Europe (formerly known as the European Venture Capital Association). The valuations of the funds’ investments are based on the most recent net asset values ​​(NAV) of the funds. When estimating the fair value of unlisted 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 net asset value of Private Equity Holding AG is calculated at the end of each month assuming going concern and generally published within six trading days of the cut-off date. The different reporting deadlines of the different companies and funds in which holdings are held may lead to short-term distortions and lead to discrepancies between the published net asset value and the actual total net asset value of Private Equity Holding AG.

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