JPEL Private Equity Limited Sale of Datamars (7492Z)

TIDMJPEL

RNS Number : 7492Z

JPEL Private Equity Limited

16 March 2017

JPEL Private Equity Limited

Ground Floor

Cambridge House

Le Truchot, St Peter Port

Guernsey, GY1 1WD

www.jpelonline.com

CDPQ INVESTS IN DATAMARS

   --      DATAMARS IS JPEL'S 2(ND) LARGEST INVESTMENT AT 31 DECEMBER 2016 
   --      ESTIMATED JPEL PROCEEDS EXPECTED TO BE APPROXIMATELY CHF 46 MILLION* 
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GUERNSEY, 16 MARCH 2017

JPEL is pleased to announce that on 14 March 2016, Caisse de dépôt et placement du Québec (CDPQ) announced an investment in Datamars, a global company based in Switzerland whose technology is used to identify and track livestock, companion animals and textiles. The transaction is subject to regulatory and change of control approvals as well as customary completion conditions and procedures, with closing expected by the end of April 2017.

JPEL holds an indirect interest in Datamars. The sale of Datamars is likely to result in a realised investment return of approximately 3.5x and a IRR of 50.6% for JPEL, on a CHF basis.* Based on the sale price, JPEL is expecting to receive proceeds of approximately CHF 46 million*, which reflects JPEL's current carrying value. JPEL has increased the value of Datamars by approximately 96% since December 2015, based on ongoing sale discussions.

At 31 December 2016, Datamars represented 9% of JPEL's total NAV and was JPEL's 2(nd) largest underlying investment. Datamars is valued at 3.5x JPEL's cost at 31 December 2016, on a CHF basis.

* This is an estimate only and is not, and should not, be construed as a profit forecast. Actual returns to JPEL will only be known once the transaction has been completed.

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About JPEL Private Equity Limited

JPEL Private Equity Limited is a Guernsey registered and incorporated, London Stock Exchange-listed, closed-ended investment company (LSE: JPEL) designed primarily to invest in the global private equity market. The investment objective of the Company is to achieve both short and long-term capital appreciation by investing in a well-diversified portfolio of private equity fund interests and by capitalising on the inefficiencies of the secondary private equity market.

ENQUIRIES:

FCF JPEL Management LLC

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This information is provided by RNS

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March 16, 2017 14:04 ET (18:04 GMT)