TIDMJPEL

RNS Number : 3470G

JPEL Private Equity Limited

23 July 2021

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019.

23 July 2021

JPEL PRIVATE EQUITY LIMITED ("JPEL" OR THE "COMPANY")

SALE OF LARGEST INVESTMENT AT 31 MAY 2021

JPEL is pleased to announce the realisation of its investment in the Company's largest portfolio company, Swania International SA ("Swania").

The realisation results in an investment return of approximately 3.9x and an IRR of approximately 25.8% for JPEL.(1) As part of the transaction, JPEL expects to receive gross proceeds of approximately US$78 million, representing approximately 70% of JPEL's overall market capitalisation as of 22 July 2021 and an approximate 19% uplift to the current carrying value at 31 May 2021. At 31 May 2021, Swania represented 47.7% of JPEL's private equity portfolio value.

Upon receipt of the net proceeds relating to the sale of Swania, the Board anticipates conducting its ninth mandatory redemption to shareholders as soon as practicable.

In January 2014, JPEL announced that it would initiate a reinvestment program focusing predominantly on US and Western European companies via the secondary and co-investment markets. Including one investment completed in December 2013, JPEL has invested US$184.7 million in 12 companies, realised or partially realised US$412.1 million, and continues to have an unrealised value of US$20.0 million at 31 May 2021, adjusted for the sale price of Swania. This portfolio has produced a MOIC of 2.34x and an IRR of 25.0%(1)

1. IRR and MOIC have been adjusted to exclude the effect of foreign exchange. Returns are net of underlying sponsor fees and gross of JPEL fees. Note that JPEL's investment in Swania is included in the realised and partially realised category and is proforma for the sale of Swania.

***

About JPEL Private Equity Limited

JPEL Private Equity Limited is a Guernsey registered and incorporated, London Stock Exchange-listed, closed-ended investment company (LSE: JPEL) designed primarily to invest in the global private equity market. The investment objective of the Company is to achieve both short and long-term capital appreciation by investing in a well diversified portfolio of private equity fund interests and by capitalising on the inefficiencies of the secondary private equity market.

ENQUIRIES:

FCF JPEL Management LLC

JPELClientService@fortress.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

CASEALXDALNFEFA

(END) Dow Jones Newswires

July 23, 2021 10:52 ET (14:52 GMT)

Jpel Private Equity (LSE:JPEL)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024 Haga Click aquí para más Gráficas Jpel Private Equity.
Jpel Private Equity (LSE:JPEL)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024 Haga Click aquí para más Gráficas Jpel Private Equity.