reports
Partners Group Private Equity Ltd: 1 director
A director at Partners Group Private Equity Ltd bought 3,000 shares at 865p and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two...
Edison issues report on Patria Private Equity Trust (PPET)
Edison Investment Research Limited Edison issues report on Patria Private Equity Trust (PPET) 20-Dec-2024 / 11:33 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 20 December 2024 Edison issues report on Patria Private Equity Trust (PPET) Edison issues report on Patria Private Equity Trust (LSE: PPET). Patria Private Equity Trust’s (PPET’s) distributions from its primary fund investments have increased recently, supported by a revival in private equity (PE) deal activity. Its portfolio valuations continue to be validated by uplif...
- Pedro Fonseca
Patria Private Equity Trust - High liquidity and solid long-term track...
Patria Private Equity Trust’s (PPET’s) distributions from its primary fund investments have increased recently, supported by a revival in private equity (PE) deal activity. Its portfolio valuations continue to be validated by uplifts upon exits, which in the nine months to end-June 2024 averaged 23.3% (in line with the long-term average of 25%). Valuations and liquidity were also assisted by the successful £180m secondary sale in October 2024 at a limited 5% discount to carrying value. While PPE...
Edison issues report on Partners Group Private Equity (PEY/PEYS)
Edison Investment Research Limited Edison issues report on Partners Group Private Equity (PEY/PEYS) 28-Nov-2024 / 13:26 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 28 November 2024 Edison issues report on Partners Group Private Equity (PEY/PEYS) Edison issues report on Partners Group Private Equity (LSE: PEY). Partners Group Private Equity’s (PGPE’s) recent portfolio realisation efforts (supported by the gradual pick-up in M&A activity and an opening IPO window) included, most notably, the sale of SRS Distribution earlier th...
- Pedro Fonseca
Partners Group Private Equity - Seeing good demand for several of its ...
Partners Group Private Equity’s (PGPE’s) recent portfolio realisation efforts (supported by the gradual pick-up in M&A activity and an opening IPO window) included, most notably, the sale of SRS Distribution earlier this year (see our September 2024 note for details) and more recently Techem (3.8% of end-Q324 NAV, sold to a trade buyer in October 2024), as well as the successful IPO pricing of Galderma in March and KinderCare in October. The positive valuation effects from these activities (21% ...
Edison issues report on Patria Private Equity Trust (PPET)
Edison Investment Research Limited Edison issues report on Patria Private Equity Trust (PPET) 24-Oct-2024 / 12:25 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 24 October 2024 Edison issues report on Patria Private Equity Trust (PPET) Edison issues report on Patria Private Equity Trust (LSE: PPET) Patria Private Equity Trust (PPET) has announced that it has completed a secondary sale of a portfolio of 14 older vintage and non-core investments for c €216m (c £180m or 13% of PPET’s end-August 2024 NAV). This represents a minor ...
- Pedro Fonseca
Patria Private Equity Trust - Completes a successful £180m secondary s...
Patria Private Equity Trust (PPET) has announced that it has completed a secondary sale of a portfolio of 14 older vintage and non-core investments for c €216m (c £180m or 13% of PPET’s end-August 2024 NAV). This represents a minor 5% discount to the carrying value of the sold assets at end-March 2024 (H124) and translates into a robust 1.9x multiple on invested capital and a 16% internal rate of return (IRR). We consider this good news for PPET for several reasons. The sale should allow the tru...
Edison issues report on Partners Group Private Equity (PEY/PEYS)
Edison Investment Research Limited Edison issues report on Partners Group Private Equity (PEY/PEYS) 11-Sep-2024 / 13:39 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 11 September 2024 Edison issues report on Partners Group Private Equity (PEY/PEYS) Edison issues report on Partners Group Private Equity (LSE: PEY) Partners Group Private Equity received a strong €103.7m in realisation proceeds in H124 (c 11% of opening NAV). Proceeds of €70.2m came from the successful sale of SRS Distribution to Home Depot at a more than 30% upl...
- Pedro Fonseca
Partners Group Private Equity - Healthy realisations in H124
Partners Group Private Equity received a strong €103.7m in realisation proceeds in H124 (c 11% of opening NAV). Proceeds of €70.2m came from the successful sale of SRS Distribution to Home Depot at a more than 30% uplift to the previous carrying value (contributing to Partners Group Private Equity’s 4.1% NAV total return in H124), which resulted in a healthy gross multiple on invested capital (MOIC) of over 5x since its investment in this business in 2018. There are a number of exit candidates i...
Edison issues report on Patria Private Equity Trust (PPET)
Edison Investment Research Limited Edison issues report on Patria Private Equity Trust (PPET) 25-Jun-2024 / 13:06 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 25 Juni 2024 Edison issues report on Patria Private Equity Trust (PPET) to view the full report. All reports published by Edison are available to download free of charge from its website Edison is authorised and regulated by the . Edison is not an adviser or broker-dealer and does not provide investment advice. Edison’s reports are not solicitations to buy or sell ...
- Pedro Fonseca
Patria Private Equity Trust - H124 NAV TR of 2% amid still muted marke...
Patria Private Equity Trust (PPET) reported a modest 2.0% NAV per share total return in H124 (ending March 2024) as exit activity in private equity markets remained subdued, suggesting continued buyer cautiousness. Meanwhile, PPET’s share price total return was a strong 22.9% in H124, with the narrowing discount to NAV assisted by, among other things, PPET’s buyback programme (see our March 2024 note for details). Given the trust’s current balance sheet headroom, the board targets an annual divi...
- Sarah Godfrey
Private Equity: Stick or twist? Avoiding the ‘pig in the python'
After a period of record fundraising and with more than $1tn of ‘dry powder' on the sidelines awaiting investment, private equity (PE) has had a more difficult time in the past two years as inflation and interest rates have increased. The IPO market has been subdued following strong years in 2020 and 2021, challenging the traditional PE model, which relies on a steady cycle of exits in order to fund existing commitments and make new investments. One leading US private equity investor has likened...
Edison issues review on Princess Private Equity Holding (PEY): Introdu...
Edison Investment Research Limited Edison issues review on Princess Private Equity Holding (PEY): Introducing a well-defined buyback policy 29-Apr-2024 / 10:50 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 29 April 2024 Edison issues review on Princess Private Equity Holding (PEY): Introducing a well-defined buyback policy Princess Private Equity Holding’s (PEY’s) 12-month NAV total return (TR) to end-February 2024 was a modest 0.6% amid low exit activity across private equity (PE) markets. That said, if the pick-up in global M...
- Pedro Fonseca
Partners Group Private Equity - Introducing a well-defined buyback pol...
Princess Private Equity Holding’s (PEY’s) 12-month NAV total return (TR) to end-February 2024 was a modest 0.6% amid low exit activity across private equity (PE) markets. That said, if the pick-up in global M&A volumes witnessed earlier in 2024 continues, it should support PEY’s exit activity. This in turn would translate into improved returns if PEY delivers sizeable uplifts to previous carrying values upon exits, as it has done historically. In this context, we note that PEY has a good pipelin...
- David Johnson
- James Carthew
abrdn Private Equity Opportunities – On the way to greener pastures?
Despite navigating through what its managers considered to be challenging conditions in 2023, abrdn Private Equity Opportunities (APEO) was able to report both positive NAV growth and double-digit share price returns in its recently published annual results. APEO’s discount has narrowed by more than 10% in recent months, so that it is trading on a 28.9% discount currently, narrowing from about 45% last October. These figures were generated over a period that saw a slowdown in activity in Europea...
Edison issues update on abrdn Private Equity Opportunities Trust (APEO...
Edison Investment Research Limited Edison issues update on abrdn Private Equity Opportunities Trust (APEO): Returns and buyback help narrow the discount 04-March-2024 / 14:07 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 4 März 2024 Edison issues update on abrdn Private Equity Opportunities Trust (APEO): Returns and buyback help narrow the discount abrdn Private Equity Opportunities Trust (APEO) achieved a 5.4% NAV total return (TR) in FY23 (to end-September 2023) despite muted private equity (PE) deal activity and foreign exch...
- Pedro Fonseca
abrdn Private Equity Opportunities Trust - Returns and buyback help na...
abrdn Private Equity Opportunities Trust (APEO) achieved a 5.4% NAV total return (TR) in FY23 (to end-September 2023) despite muted private equity (PE) deal activity and foreign exchange headwinds (its portfolio value was up 9.4% excluding fx). We believe that APEO’s expansion into direct investments since 2019 has shown promising results so far, with a rise in value by a strong 18.5% in FY23. APEO’s balance sheet remains solid with a coverage ratio of c 33% at end-January 2024, as net capital c...
Edison issues update on Princess Private Equity Holding (PEY): Offerin...
Edison Investment Research Limited Edison issues update on Princess Private Equity Holding (PEY): Offering an attractive dividend yield 06-Dec-2023 / 09:16 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 6 December 2023 Edison issues update on Princess Private Equity Holding (PEY): Offering an attractive dividend yield Princess Private Equity Holding (PEY) posted a year-to-date NAV total return to end-October 2023 of 4.9%, 2.4% of which was from Q323. PEY’s performance continues to be assisted by portfolio earnings, with last-twe...
- Pedro Fonseca
Princess Private Equity Holding - Offering an attractive dividend yiel...
Princess Private Equity Holding (PEY) posted a year-to-date NAV total return (TR) to end-October 2023 of 4.9%, 2.4% of which was from Q323. PEY’s performance continues to be assisted by portfolio earnings, with last-twelve-month (LTM) revenue and EBITDA growth to end-September 2023 of 16% and 15%, respectively, and sustained healthy average EBITDA margin of 24%. PEY’s balance sheet remains firm with c €134m in undrawn credit facility and €3m in cash, further assisted by the Civica sale proceeds ...
Edison issues update on abrdn Private Equity Opportunities Trust (APEO...
Edison Investment Research Limited Edison issues update on abrdn Private Equity Opportunities Trust (APEO): Resilient NAV and stable balance sheet 25-Oct-2023 / 11:34 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 25 October 2023 Edison issues update on abrdn Private Equity Opportunities Trust (APEO): Resilient NAV and stable balance sheet abrdn Private Equity Opportunities Trust (APEO) posted a 12-month NAV TR of 5.1% to end-September 2023 amid persistently muted exit activity across PE markets and FX headwinds from stronger st...
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