euro adhoc: shaPE Capital AG
quarterly or semiannual financial statement /
shaPE stays on course
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
31.08.2006
Pfaeffikon SZ, 31 August 2006 --- For the first six months ending 30 June 2006 shaPEs share price gained 3.2% to CHF 224.00 while the Net Asset Value (NAV) per share decreased by 2.7% to CHF 228.21. The reduced NAV per share relates to a foreign currency revaluation loss of CHF 3.4 million deriving from a significant decline in the USD versus the CHF. In parallel, realized and unrealized gains from shaPEs private equity portfolio amounted to CHF 1.4 million. Total cash distributions received from limited partnerships amounted to CHF 20.4 million while total cash contributions made by shaPE to limited partnerships were CHF 16.1 million. This decreased shaPEs investment ratio (investments in relation to total NAV) by three percentage points to 69% for the six months ending 30 June 2006.
During the first half of 2006 shaPEs commitment ratio (total commitments in relation to total NAV) rose by five percentage points to 109% which reflects four new commitments to unlisted limited partnerships made in the first quarter 2006. In total, shaPE committed CHF 22.5 million to Nordic Capital VI, Lightyear Fund II, The Fourth Cinven Fund and to Bain Capital Fund IX. These are follow-on commitments to successor funds of fund managers where shaPE is actually invested in the predecessor fund, demonstrating that shaPEs portfolio is in a mature stage. We are confident that the previously made and still unrealized investments of the portfolio will enable shaPE to continue to generate solid results. Looking forward, shaPE intends to primarily invest in successor funds of current fund managers with the best track records while simultaneously focus on areas of which we believe offer a favourable environment for private equity investments.
shaPE Capital Ltd. shaPE Capital Ltd. is an investment company listed on the SWX Swiss Exchange that follows the principle of a fund of funds and provides access to private equity investments. Diversified by regions, industries and vintage years, shaPE invests in globally selected private equity companies.
end of announcement euro adhoc 31.08.2006 06:30:00
Contact:
shaPE Capital AG
Florian Siegfried
Poststrasse 4
8808 Pfäffikon SZ
Tel: +41/55/415'28'20
E-Mail: florian.siegfried@shape-capital.com
Internet: www.shape-capital.com
Branche: Financial & Business Services
ISIN: CH0012885841
WKN: 765355
Börsen: SWX Swiss Exchange / official dealing