Themis Equity Partners GmbH & Co. KGaA / Half Year Results
12.08.2008
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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++ Financial report published for the second quarter of 2008
++ Price drop on listed investments leads to a net loss for the period
++ NAV equal to EUR 0.98 per share as of 31 July 2008
Listed investment company Themis Equity Partners GmbH & Co. KGaA recorded a
net loss of EUR 2.6 million during the second quarter of 2008. This was
primarily due to write-downs on listed investments that were made necessary
as a result of price drops in the generally difficult capital market
environment. The Companys balance sheet showed a solid equity of
EUR 52.7 million as of June 30, 2008 reporting date, which considerably
exceeded the Companys stock market capitalisation of EUR 36.2 million at
that time. The Companys equity ratio was 95%. At the end of the second
quarter, Themis had no bank debts and possessed short-term financial
resources of EUR 6.1 million, including receivables and securities.
As part of the Companys strategic investment alignment toward the
restructuring and reorganisation segment, investments in the buyout and
growth capital funds LBO France, 360 Capital, Nestor 2000 and TDR were
sold at an overall profit, thereby creating more freedom for the new
investments planned.
The Company plans a capital consolidation that will allow it to repurchase
its own shares at prices below NAV, thereby increasing the value of the
Company after the shares have been retired.
Themis intrinsic value (NAV) was EUR 0.98 per share as of July 31, 2008,
on the same level as of the previous month. The share price on this date
was at a 34% discount below NAV.
++ About Themis
Themis Equity Partners (WKN: 785 757) is Germanys first listed investment
company for private equity funds. It combines the liquidity of shares with
the yields of the renowned top quartile of private equity funds, which are
usually not accessible to individual investors due to their high minimum
subscriptions and exclusivity. The Companys future investment focus will
be on restructuring situations.
Additional information on the Company and detailed quarterly reports are
available at www.themis-equity.de.
Contact:
Themis Equity Partners GmbH & Co. KGaA
Alexander Mitsch
Chief Financial Officer / Investor Relations
Tel.: +49 (0) 69 71 91 59 65 28
E-Mail: alexander.mitsch@themis-equity.de
Christiane Kriesche
Head of Marketing and Communication
Tel.: +49 (0) 69 71 91 59 65 17
E-Mail: christiane.kriesche@themis-equity.de
DGAP 12.08.2008
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Language: English
Issuer: Themis Equity Partners GmbH & Co. KGaA
Grüneburgweg 18
60322 Frankfurt am Main
Deutschland
Phone: +49 (0)69 719 15 965 0
Fax: +49 (0)69 719 15 965 11
E-mail: alexander.mitsch@themis-equity.de
Internet: www.themis-equity.de
ISIN: DE0007857575
WKN: 785757
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München
End of News DGAP News-Service
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DGAP-News: Themis Equity Partners: Financial report published for the second quarter of 2008
| Source: EQS Group AG