13th Nov 2013 11:24
LONDON (Alliance News) - Pantheon International Participations PLC Wednesday said it has invested GBP3.9 million in two companies since the end of its first quarter, taking the total value of its investments in the current financial year to GBP13.3 million.
Pantheon International Participations, a private equity fund investment trust managed by private equity specialist Pantheon, said it has completed a GBP2.1 million primary commitment to Nordic Capital VIII, and a co-investment of GBP1.8 million alongside Ares Management to acquire Neiman Marcus, a luxury branded-goods retailer.
"The pipeline of investment activity is likely to lead to the completion of further transactions in the coming quarter. This includes two new secondaries which are at an advanced stage, pending completions that are scheduled at the end of November and December respectively. Beyond that the pipeline of secondaries has increased since the first half of the year, and activity is expected to continue to pick up during the fourth quarter," Tom Bartlam, chairman, said in a statement.
Pantheon International Participations gave a 8.9% total return on net asset value per share in the year to September 30, compared with 19% given by the FTSE All-Share Total Return index and 21% given by MSCI World (sterling) Total Return index. Pantheon International Participations' shares gave a 37% total return over the same period.
Shares in the investment trust were Wednesday quoted at 1,038.67 pence, down 0.4%, in late-morning trade.
By Samuel Agini; [email protected]; @samuelagini
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