Kom-Eko

Jan 10, 2023

10.01.2023 / 18:00 CET/CEST NEWS RELEASE Net Asset Value as of December 31, 2022 As of December 31, 2022, the Net Asset Value (NAV) per share of Private Equity Holding AG (PEH) stood at EUR 152.00 (CHF 150.18), representing a change of +0.9% in EUR (-3.7% in CHF) over the calendar year 2022, including the distribution of CHF 2 per share in June 2022. Over the last three years, PEH's NAV increased by 22.3% p.a. while the MSCI World Index (TR), a broad index of global listed equities, achieved a performance of 7.2% p.a (in EUR). For the month of December, the portfolio performance was negative. While there have been positive valuation adjustments in some of PEH's direct co-investments, most notably Design Holding, a global high-end design group in the field of furniture and lighting, and certain portfolio funds, EUR 9.0 million of adverse FX movements and the share price development of various underlying positions such as Corsair and Roblox, an online game platform, outweighed these positive developments. PEH received noteworthy distributions from ALPHA CEE Opportunity IV from the sale of the Polish waste management company Kom-Eko and from Investindustrial VI distributing proceeds from the partial realisation of Italcanditi, an Italian supplier of fruit-based ingredients and creams. Further, Highland Europe I distributed proceeds from its investment in Malwarebytes, a US-based Internet security company that specialises in protecting home computers, smartphones and companies from malware. *** Private Equity Holding AG (SIX: PEHN) is a listed investment company for private equity investments. It offers institutional and private investors the opportunity to participate in a simple and tax-efficient manner in a diversified and professionally managed private equity portfolio with selective fund and direct investments. Income from the portfolio is partially reinvested, as well as passed on to the shareholders as annual distributions. Private Equity Holding’s portfolio is managed by Alpha Associates, an independent Private Equity, Private Debt and Infrastructure investment manager based in Zurich.