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NextStage : NAV down 15.4% to € 103.7 per share...including the initial effects of COVID-19

>NAV down 15.4% in Q1 to € 103.7 per share - NextStage this morning reported its NAV at end-March 2020, which came to € 103.7 per share, down 15.4% vs end-December 2019 (€ 122.5). Overall NAV was also down by 15.4% to € 220.3m at end-March, of which € 201.5m for the valuation of the 19 stakes in the portfolio (92% of the NAV) and € 18.9m of free cash. This poor performance was notably due to the decline in multiples despite the resilience of the companies in the port...
Underlying
Nexstage Am SAS

Nextstage Sca Formerly known as NextStage AM SAS. NextStage S.C.A. is a France-based private equity firm. The Company is engaged in the long term investments and accompaniment in Medium-sized companies, as well as other related financial services. NextStage S.C.A focuses on investments in Europe . The Company operates as a subsidiary of NextStage AM.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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