QuotedData’s morning briefing 28 June 2024 – PEY, OCI, HOME

In QuotedData’s morning briefing 28 June 2024:

• Partners Group Private Equity (PEY) released its NAV update for 31 May 2024. Its NAV decreased by 0.7% to EUR 14.19 per share, with total net assets at €981.43m. This fall was largely the result of negative currency movements, which detracted 0.7%. This was slightly offset by value improvements within PEY’s portfolio, which contributed 0.2%. The major transaction during the month was the sale of Civica, a UK-based provider of cloud software solutions. PEY received €22.9m in distributions over the month, largely form the Civica sale, and invested €1m. PEY declared its first interim dividend of €0.355 per share. 
• Oakley Capital Investments (“OCI”) announced that the Oakley Capital Fund IV has reached an agreement to sell its stake in idealista, a southern European online real estate classifieds platform. OCI’s look-through share of proceeds is anticipated to be c.£70m, reflecting its valuation as at 31 March 2024. Fund IV will realise a c.22% IRR on its exit.
• Home REIT (HOME) says it expects to publish long awaited 2022 accounts in August. The audit is substantially complete but the auditor has requested more time to finalise the audit. Accounts for the year to August 2023, as well as interim results for periods to February 2023 and 2024, are expected to be published during the third quarter.