5 January 2017
Candover Investments plc
Candover Investments plc ("Candover")* today announces a partial realisation of
its investment in Parques Reunidos ("Parques") which is managed by Arle Capital
Partners Limited ("Arle"). This realisation follows a first partial
realisation completed at the time of the initial public offering of Parques in
April 2016.
Candover has disposed of 26% of its interest in Parques for cash proceeds of
approximately €9.9 million (£8.4 million). Candover's remaining interest in
Parques is valued at €30.4 million (£25.9 million) at the closing price of
Parques on 4th January 2017 and is subject to a 90 day lock up. Candover's
interest in Parques was valued at £29.1 million in its unaudited accounts for
the period ended 30th June 2016.
Candover's retained interest in Parques of 2.47% will continue to be managed by
Arle, along with the remaining interests of the Candover 2005 Fund.
Ends.
* Candover means Candover Investments plc and/or one or more of its
subsidiaries
For further information, please contact:
Candover Investments plc
Malcolm Fallen, CEO +44 20 7489 9848