Credit Suisse-Fund sells
(Thomson Reuters ONE) -
Private Equity Holding AG / Credit Suisse-Fund sells processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
NEWS RELEASE
Zug, 30. March 2010
Credit Suisse-Fund sells
Pressure on share price eliminated- shareholder base more broadly diversified
InDecember 2005 and July 2006 CSFB Strategic Partners III (CSFB) acquired 33
percent of Private Equity Holding Ltd. (PEH). In the middle of the financial
crisis, CSFB started to reduce its holding, which put significant pressure on
the share price of PEH. On March 25 and 26, CSFB sold a total of 500,000 shares
in several block transactions, almost fully disposing its stake. As a result of
this transaction, the company's shareholder base has broadened, and there should
now be less pressure on the share price.
Since January 2007, the net asset value per share has grown by more than 30
percent (EUR) despite the financial crisis. The company is debt-free and its
liquidity position is comfortable. However, the large selling orders of CSFB
have repeatedly depressed the share price. At the end of February the discount
between the share price and the net asset value per share stood at 56 percent.
The Board of Directors and Alpha Associates as Manager aim to significantly
increase the attractiveness of the PEH share through a combination of measures.
The reduction of the discount between the share price and the net asset value
per share is of eminent importance for the shareholders and the company.
***
Private Equity Holding AG (SIX: PEHN), managed by Alpha Associates, offers
investors the opportunity to invest, within a simple legal and tax optimized
structure, in a broadly diversified and professionally managed private equity
portfolio.
For further information, please contact: Peter Wolfers, Investor
Relations,peter.wolfers(at)peh.ch
41 726 79 80, or http://www.peh.ch
[HUG#1399430]
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Private Equity Holding AG
Innere Güterstrasse 4 Zug null
WKN: 906781;ISIN: CH0006089921;
News Release: http://hugin.info/130308/R/1399430/354926.pdf
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Datum: 30.03.2010 - 12:00 Uhr
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