EPE Special Opportunities Limited Net Asset Value and Disposal (4309C)

TIDMESO TIDMEO.P TIDMEC.P TIDMEL.P

RNS Number : 4309C

EPE Special Opportunities Limited

01 October 2018

EPE Special Opportunities Limited

Net Asset Value and Disposal

EPE Special Opportunities Limited ("ESO") announces that ESO Investments (PC) LLP ("ESO PC LLP"), a limited liability partnership in which it is the majority limited partner, has disposed of its investment in Process Components Limited ("PCL") to Schenck Process UK Limited.

Following the disposal of PCL, ESO's estimated Net Asset Value per share as at 30 September 2018 is 216.31 pence per share. This estimated Net Asset Value per share incorporates a 11.16 pence per share uplift generated by the disposal valuation of PCL.

The disposal returns GBP13.6 million in total to ESO PC LLP at the exit date as cash and a total of GBP18.2 million since the acquisition in March 2005 via income, loan repayments and the disposal proceeds. The total return to ESO PC LLP since March 2005 equates to a 4.5x Money Multiple and 20.7% IRR.

The disposal has a positive impact on ESO and was completed at a 44.1% premium to PCL's prevailing holding value of GBP9.5 million. ESO intends to use the capital returned for new deals.

The person responsible for releasing this information on behalf of the Company is Hilary Jones of R&H Fund Services (Jersey) Limited.

Enquiries:

 
 EPIC Private Equity LLP               Alex Leslie 
                                        [phone] 
 
 R&H Fund Services (Jersey) Limited    Hilary Jones 
                                        [phone] 
                                      ================================== 
 
 Cardew Group                          Richard Spiegelberg 
                                        [phone] 
                                      ================================== 
 
 Numis Securities Ltd                  [phone] 
                                      ================================== 
 Nominated Advisor & Broker:           Stuart Skinner / Charles Farquhar 
                                        / Huw Jeremy 
                                      ================================== 
 

Disclaimer: This valuation, which has been prepared in good faith by the Company's investment adviser, is for information purposes only. It is derived from unaudited estimated valuations of the Company's underlying investments based on information received by the investment adviser which may relate to dates or periods some time before the date of this valuation. Such estimates may be subject to little verification or other due diligence and may not comply with generally accepted accounting practices or other generally accepted valuation principles. If a valuation estimate subsequently proves to be incorrect, no adjustment is expected to be made to any previously published estimated net asset value.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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October 01, 2018 02:00 ET (06:00 GMT)