Odhadovaná NAV k 30. aprílu 2024
Patria Private Equity Trust plc
Identifikátor právnickej osoby (LEI): 2138004MK7VPTZ99EV13
15 2024 mája
Patria Private Equity Trust plc ("PPET" or "the Company") announces its estimated net asset value ("NAV") at 30 April 2024
· Estimated NAV at 30 April 2024 was 763.1 pence per share (estimated NAV at 31 March 2024 was 767.2 pence per share)
· Excluding new investments, 97.3% by value of portfolio dated 31 December 2023 (estimated NAV at 31 March 2024 was 97.3% dated 31 December 2023)
· First interim dividend of 4.2 pence per share paid on 26 April 2024
· PPET paid £14.8 million of drawdowns to fund existing commitments and received £4.7 million of distributions during the month of April
· Outstanding commitments of £649.0 million at 30 April 2024
· Likvidné zdroje (peňažné zostatky plus nevyčerpané úverové linky) boli £170.5 million as at 30 April 2024
PPET's valuation policy for private equity funds and co-investments is based on the latest valuations reported by the managers of the funds and co-investments in which the Company has interests. In the case of PPET's valuation at 30 April 2024, excluding new investments, 97.3% by value of the portfolio valuations were dated 31 December 2023. The value of the portfolio is therefore calculated as the 31 December 2023 valuation, adjusted for subsequent cashflows over the period to 30 April 2024.
This is unchanged from the estimated NAV at 31 March 2024, whereby 97.3% of the portfolio valuations, excluding new investments, were dated 31 December 2023, adjusted for subsequent cashflows over the period to 31 March 2024.
Odhadovaná NAV
At 30 April 2024, PPET's estimated NAV was 763.1 pence per share (estimated net assets £1,170.1 million), representing a 0.5% per share decrease from the estimated NAV at 31 March 2024 of 767.2 pence per share (estimated net assets £1,176.6 million). The 4.1 pence decrease in NAV per share is primarly a reflection of the first interim dividend payment of 4.2 pence per share on 26 April 2024, partially offset by a 0.9% appreciation in the dollar versus sterling during April. The cash cost of the first interim dividend was £6.4 million. The NAV movement also includes the effects of the Company's share buy-back program announced in January 2024 which is currently in effect.
Čerpanie a distribúcie
PPET paid £14.8 million of drawdowns to existing commitments and received £4.7 million of distributions during the month of April.
Drawdowns during the period were across several of PPET's fund investments, primarily to fund new underlying portfolio company investments and management fees. Notable drawdowns in the portfolio during the month related to Latour Capital IV (to fund European Digital Group, a B2B digital services provider) and Seidler Equity Partners VIII (to fund Quantum Storage Systems, a leading designer and manufacturer of industrial storage bins, shelving and organizational systems.).
In addition, PPET funded a secondary investment to a continuation fund committed to during March alongside a leading global healthcare private equity specialist, the details of which remain undisclosed at this time for confidentiality reasons.
Prijaté distribúcie generovali realizované zisky a výnosy vo výške 3.3 milióna GBP largely related to realisations in PPET's underlying portfolio of companies, the most notable relating to the partial sale of Eleda (a market leader in infrastructure projects and services in Sweden) by Altor Fund V.
Investičná činnosť
There were no new commitments to announce from the month of April.
záväzky
The Company had £649.0 million of outstanding commitments at 30 April 2024. The Manager believes that around £94.5 million of the Company's existing outstanding commitments are unlikely to be drawn.
Úverový rámec a hotovostné zostatky
The Company has a £300.0 million syndicated revolving credit facility provided by The Royal Bank of Scotland International Limited, Societe Generale and State Street Bank International GmbH, and it expires in December 2025. The Company drew a total of £8.5 million from the facility during the month of April, increasing the total drawn balance to £145.2 million at 30 April 2024. The remaining undrawn balance of the facility at 30 2024 apríla bola teda 154.8 milióna libier.
Okrem toho mala Spoločnosť hotovostné zostatky vo výške 15.7 milióna GBP k 30. aprílu 2024. Likvidné zdroje, vypočítané ako súčet hotovostných zostatkov a nevyčerpaného zostatku úverového rámca, teda boli 170.5 milióna GBP k d. 30 2024 apríla.
Budúce oznámenia
The Company is expecting to announce its estimated NAV at 31 May 2024 on or around 18 June 2024.
Ďalšie podrobnosti o NAV spoločnosti PPET a diverzifikácii investícií možno nájsť na webovej stránke spoločnosti PPET (www.patriaprivateequitytrust.com). Ani obsah webovej stránky Spoločnosti, ani obsah žiadnej webovej stránky prístupnej prostredníctvom hypertextových odkazov na webovej lokalite Spoločnosti nie je súčasťou tohto oznámenia, ani nie je jeho súčasťou.
Pre ďalšie informácie kontaktujte Alana Gaulda alebo Amber Sarafilovic v Patria Capital Partners LLP (prostredníctvom SEC Newgate na [chránené e-mailom])
Poznámky: -
Patria Private Equity Trust plc je investičná spoločnosť riadená Patria Capital Partners LLP, ktorej kmeňové akcie sú prijaté na kótovanie Britským úradom pre kótovanie a obchodovanie na burze cenných papierov a ktorá sa snaží riadiť svoje záležitosti tak, aby sa kvalifikovala ako investičný fond podľa oddielov 1158-1165 zákona o dani z príjmov právnických osôb z roku 2010.
Spoločnosť má v úmysle zverejňovať pravidelné odhadované aktualizácie NAV približne desať pracovných dní po skončení každého mesiaca. Rozpis portfólia PPET možno získať v najnovšom mesačnom informačnom liste, ktorý je zverejnený na webovej stránke PPET:
www.patriaprivateequitytrust.com
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