29th Apr 2014 12:36
LONDON (Alliance News) - CVC Credit Partners European Opportunities Ltd Tuesday said the net asset values for both its share classes increased in the first three months of 2014.
In a statement covering the three months to March 31, the company said its NAV per euro ordinary share increased to EUR1.0338 from EUR1.0293, while the share price increased to EUR1.0500 from EUR1.0150. The NAV per sterling share increased to GBP1.0358 from GBP1.0305, while the share price increased to GBP1.0475 from GBP1.0275. The share prices were presented on a bid market basis.
CVC Credit Partners European Opportunities invests predominantly in companies that are either domiciled, or have material operations, in Western Europe across various industries. Its investments are focused on senior secured obligations but are also made across the capital structure of such borrowers.
The company invests in CVC European Credit Opportunities S.àr.l., a European credit opportunities investment vehicle managed by CVC Credit Partners Investment Management Ltd.
The sterling shares were Tuesday quoted at GBP105.837 pence, up 0.6%.
By Samuel Agini; [email protected]; @samuelagini
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