Sale of significant portfolio holding
Private Equity Holding AG / Sale of significant portfolio holding . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement.
Ad hoc Press release
Zug, October 11, 2016
Sale of significant portfolio holding
Private Equity Holding AG (PEH) informs that Doughty Hanson announced that it agreed to sell LM Wind Power, a leading manufacturer of rotor blades used in wind turbines, to GE*. LM Wind Power is the last remaining asset in Doughty Hanson & Co. III and PEH's largest investment on a look-trough basis.
The sale of LM Wind Power is noteworthy for PEH for several reasons: It will have a positive effect on PEH's NAV per share; PEH will benefit from a significant inflow of liquidity; and the risk diversification of PEH's portfolio will improve by removing the largest exposure.
The transaction is expected to close in the first half of 2017 subject to regulatory approval.
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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:
Lara Jud, Investor Relations, lara.jud@peh.ch, phone +41 41 726 79 80, http://www.peh.ch
(*) http://www.doughtyhanson.com/private-equity/news/2016/11-10-2016.aspx
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Private Equity Holding AG via Globenewswire
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Private Equity Holding AG
Innere Güterstrasse 4 Zug Switzerland
WKN: 906781;ISIN: CH0006089921;