Castle Private Equity AG announces an Equity Buyback.
March 09, 2018 at 12:00 am EST
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Castle Private Equity AG commences share repurchases on March 9, 2018 under the program mandated by the shareholders in the Annual General Meeting held on October 25, 2017. As per the mandate, the company is authorized to repurchase up to 25% of outstanding registered shares through a fixed-price share buyback program. The main objective of the buyback for cancellation purposes will be to distribute liquidity to shareholders.
On February 8, 2018, the company initiated a share repurchase program. Under the program, the company will repurchase up to 6,165,955 registered shares, representing 23.42% of the outstanding share capital. The shares will be repurchased at a price of CHF 17.25 per registered share. The shares repurchased will be cancelled. The buyback program will take place from February 26, 2018 until March 9, 2018.
On March 11, 2018, the company concluded its share repurchase program. Under the program, the company repurchased 6,165,955 registered shares, representing 23.42% of the outstanding share capital.
Castle Private Equity Ltd. has mandated Zürcher Kantonalbank as Lead Manager of the transaction.
Castle Private Equity AG is a Switzerland-based private equity investment company, focusing on venture capital, buyout, distressed and mezzanine strategies. As of December 31, 2011, its portfolio comprises companies mainly from the industrial products (17% of total portfolio companies), consumer products (16%), Information Technology (IT) (15%), Industrial Services (14%), Financial (11%), and Consumer Services (11%) sectors located in the United States (44%) and China (10%). The portfolio is diversified into balanced stage, totaling 4.77% of the portfolio's net asset value (NAV); buyout stage, totaling 63% of the portfolio's NAV and divided into large, middle market and small buyouts; special situations stage, totaling 14.23% of the portfolio's NAV; venture stage, totaling 15.9% of the portfolio's NAV; co-investment and other, totaling 99.97% of the portfolio's NAV.
CASTLE PRIVATE EQUITY AG 
