THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS.
LBPE has prepared a pricing statement dated 18 July 2007 relating to the final number of shares that are being offered in the global offering. The pricing gstatement must be read in conjunction with the offering memorandum dated 6 July 2007. The pricing statement has been filed with the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten). Copies of the pricing statement and the offering memorandum, in the English language, may be obtained free of charge from the office of LBPE at Polygon Hall, Le Marchant Street, St. Peter Port, Guernsey, from the offices of the managers of the offering and from the office of ABN AMRO Bank N.V., the listing and paying agent, at Gustav Mahlerlaan 10, 1082 PP Amsterdam, the Netherlands, tel +31 20 383 6707, e-mail prospectus@nl.abnamro.com.
7 August 2007
Lehman Brothers Private Equity Partners Limited ("LBPE" or "the Company"), a closed-end private equity fund of funds investment company, today announced the first valuation of its Net Asset Value ("NAV"), following the successful initial public offering ("IPO") of its shares on Euronext Amsterdam N.V.'s Eurolist by Euronext on 18 July 2007. LBPE raised $500 million through a placing of 50 million shares at $10.00 per share. Unconditional dealings commenced on 25 July 2007. In addition, LBPE has granted the Sole Global Coordinator, Lehman Brothers International (Europe), an over-allotment option of up to $50 million, or 5 million shares.
As of 31 July 2007, the NAV per share was $10.13, representing an increase of 1.3% over the initial offering price of $10.00 per share. Furthermore, in line with its commitment to investor transparency and fund performance, LBPE will be providing regular NAV updates as follows:
- The NAVs for the month ending 31 August 2007 and 30 September 2007 within seven days of each month's end
- Financial statements for the quarter ending 30 September 2007 by the end of October
A breakdown of LBPE's NAV can be obtained in the monthly report for the period ending 31 July 2007. The monthly report is published on the Company's Web site at www.lbpe.com and should be read in conjunction with this announcement.
For further information, please contact:
Jeremy Apfel
Lehman Brothers
+44 207 102 3424
About Lehman Brothers Private Equity
Lehman Brothers' Private Equity business, started in 1984, has assets under management of over $20 billion and consists of 18 different fund strategies across six asset classes: merchant banking, venture capital, real estate, fund-of-funds, credit and infrastructure.
About Lehman Brothers
Lehman Brothers, an innovator in global finance, serves the financial needs of corporations, governments and municipalities, institutional clients, and high net worth individuals worldwide. Founded in 1850, Lehman Brothers maintains leadership positions in equity and fixed income sales, trading and research, investment banking, private investment management, asset management and private equity. The Firm is headquartered in New York, with regional headquarters in London and Tokyo, and operates in a network of offices around the world.
For further information about Lehman Brothers' services, products and recruitment
opportunities, visit www.lehman.com.
This press release appears as a matter of record only and does not constitute an offer to sell or a solicitation of an offer to purchase any security.
The monthly report can be downloaded from the following link:
