Ad hoc Press release
Zug, October 11, 2016
Sale of significant portfolio holding
Private Equity Holding AG (PEH) informs that Doughty Hanson announced that it agreed to sell LM Wind Power, a leading manufacturer of rotor blades used in wind turbines, to GE*. LM Wind Power is the last remaining asset in Doughty Hanson & Co. III and PEH's largest investment on a look-trough basis.
The sale of LM Wind Power is noteworthy for PEH for several reasons: It will have a positive effect on PEH's NAV per share; PEH will benefit from a significant inflow of liquidity; and the risk diversification of PEH's portfolio will improve by removing the largest exposure.
The transaction is expected to close in the first half of 2017 subject to regulatory approval.
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Private Equity Holding AG (SIX: PEHN) 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:
Lara Jud, Investor Relations, lara.jud@peh.ch, phone +41 41 726 79 80, http://www.peh.ch
(*) http://www.doughtyhanson.com/private-equity/news/2016/11-10-2016.aspx
