EPE Special Opportunities Limited Net Asset Value and Disposal (4309C)
01 October 2018 - 4:00PM
UK Regulatory
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
+44 (0) 20 7269 8865
R&H Fund Services (Jersey) Limited Hilary Jones
+44 (0) 1534 825 323
==================================
Cardew Group Richard Spiegelberg
+44 (0) 20 7930 0777
==================================
Numis Securities Ltd +44 (0) 20 7260 1000
==================================
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 rns@lseg.com or visit www.rns.com.
END
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