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JPEL Private Equity Limited
Ground Floor
Cambridge House
Le Truchot, St Peter Port
Guernsey, GY1 1WD
www.jpelonline.com
Partial SALE OF 2nd LARGEST INVESTMENT AT 31 DECEMBER 2019
· JPEL RECEIVED PROCEEDS OF APPROXIMATELY USD 37.5 MILLION
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GUERNSEY, 13 MARCH 2020
JPEL is pleased to announce a partial realization in JPEL's 2nd largest portfolio company, a Tax Advisory Services company.
The partial realization results in an investment return of approximately 4.39x and an IRR of approximately 33% for JPEL. As part of the transaction, JPEL received proceeds of approximately USD 37.5mm and it will continue to hold approximately 20% of its position in the company, valued at approximately $10.4mm at 31 December 2019.
At 31 December 2019, the company represented 18.7% of JPEL's private equity portfolio value.
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 $183.1 mm, realized $261.8mm, and continues to have an unrealized value of $156.9mm at 31 December 2019. This portfolio has produced a MOIC of 2.29x and an IRR of 26.9%1
This announcement contains inside information.
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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
Company Secretary:
IQ EQ FUND SERVICES (GUERNSEY) LIMITED
JPELteam@iqeq.com
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. Returns reflect partial realization of Tax Advisory Services Company.
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.
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Partial Sale of 2nd Largest Investment - RNS
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JPEL Private Equity Ltd. published this content on 13 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 March 2020 07:17:28 UTC
