HgCapital Trust sees NAV rise by 15% in 2012
HgCapital Trust, the listed vehicle investing in all of Hg's private equity transactions, has reported a 15% increase in NAV per diluted share over the course of 2012.
The total return per share for all diluted shares increased by 15.3% throughout 2012, alongside a 5.8% share price increase. The FTSE All-Share Index recorded a 12.3% increase in comparison. HgCapital's overall gain in net asset value amounted to £91.2m.
Cash proceeds from exits amounted to £80m, representing a 68% increase from 2011, while available cash stood at £156m.
The trust will commit £200m for co-investments with HgCapital 7, the €1.75bn buyout fund launched in October 2012.
HgCapital stated the trust will continue to employ a cautious strategy to new investments while keeping its focus on Europe, and expects a number of divestments from HgCapital throughout the year.
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