In the first quarter of the financial year 2007/2008, Private Equity Holding AG reports a comprehensive net gain of EUR 9.7 million. As of June 30, 2007 the share price stood at CHF 58.85, which represents an increase of 74% in comparison to the previous year (June 30, 2006: CHF 33.75).
The fair value per share stood at EUR 48.09 as of the end of the quarter. This represents an increase of EUR 2.43 or 5% compared to March 31, 2007 and EUR 21.33 or 80 % compared to June 30, 2006.
Total long-term assets amounted to EUR 186.3 million (March 31, 2007: EUR 176.0 million). The change since March 31, 2007 includes a net decrease in the Earn-out of EUR 2.8 million, as a result of Earn-out payments received from CSFB Strategic Partners Holding III in cash. Fund investments increased by EUR 10.4 million, direct investments increased by EUR 2.7 million. During the period, total distributions of EUR 10.0 million were generated from Securities available for sale and loans.
The Board of Directors and ALPHA Associates AG, the manager of Private Equity Holding AG, look forward to continuing their work to generate further growth for the Company and its shareholders.
The complete Quarterly Report as of June 30, 2007 is available on our website www.peh.ch
Private Equity Holding AG (SWX: 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:
Claudine Birbaum, Investor Relations, claudine.birbaum@peh.ch, phone +41 41 726 79 80
or http://www.peh.ch
For further information, please contact:
Claudine Birbaum, Investor Relations, claudine.birbaum@peh.ch, phone +41 41 726 79 80
or http://www.peh.ch
