Partners Group's founding partners close their five-year derivative transaction, reducing their PGHN shareholding to 5.01% each; substantial proceeds have been invested alongside clients
Notification
Baar-Zug, Switzerland; 10 September 2020
Partners Group, the global private markets investment manager, has been informed today that its founding partners and largest shareholders, Dr. Marcel Erni, Alfred Gantner and Urs Wietlisbach, have entered into an agreement to settle the derivative transaction entered into in December 2015 and February 2017 concerning the disposal of up to 4.99% each of Partners Group's total share capital (as disclosed to the SIX Swiss Exchange at the time). Each founding partner continues to own 5.01% of the share capital of Partners Group Holding AG.
Following the positive growth trajectory of Partners Group over the last five years, which led to a sustained appreciation in the firm's share price, all of the collars in the transaction have been triggered. These included the purchasing of put and the writing of call options. As such, the founding partners no longer hold an interest in, or option right with respect to, the shares involved in the transaction.
Over the same time period, the founding partners' personal investments alongside clients into Partners Group programs and mandates have almost tripled in size, consistent with the growth of personal commitments from partners and employees of the firm. As of 30 June 2020, personal commitments from the firm's Board of Directors and employees of Partners Group to Partners Group programs amounted to approximately USD 1.2 billion, highlighting the alignment with client interests.
Alfred Gantner, Co-Founder and Member of Partners Group's Board of Directors, comments: "Marcel, Urs and I are personally humbled by and professionally proud of what we have built together with our colleagues across the globe at Partners Group over the past 25 years. Irrespective of the specific size of our stake in the firm, we remain highly committed to Partners Group as continued significant shareholders and clients, as well as executive members of the Board, in which role all of us continue to contribute to the further build-out of the firm. While the largest part of our personal assets remains invested in Partners Group shares, we are highly satisfied with the performance of our private market investments across Partners Group's platform."
Steffen Meister, Executive Chairman of Partners Group's Board of Directors, adds: "The Board of Directors anticipates neither a change in its priorities nor in its approach to working together going forward. This also holds true for the assignments of individual Board members, including our founders. As executive members of the Board and substantial anchor shareholders of the firm, the co-founders are expected, together with the entire Board, to contribute to the strategic development of the firm just as they have in the past."
About Partners Group
Partners Group is a leading global private markets investment manager. Since 1996, the firm has invested over USD 135 billion in private equity, private real estate, private debt and private infrastructure on behalf of its clients globally. Partners Group is a committed, responsible investor and aims to create broad stakeholder impact through its active ownership and development of growing businesses, attractive real estate and essential infrastructure. With over USD 96 billion in assets under management as of 30 June 2020, Partners Group serves a broad range of institutional investors, sovereign wealth funds, family offices and private individuals globally. The firm employs more than 1,500 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN). For more information, please visit www.partnersgroup.com or follow us on LinkedIn or Twitter.
Shareholder relations contact
Philip Sauer
Phone: +41 41 784 66 60
Email: [email protected]
Media relations contact
Jenny Blinch
Phone: +44 207 575 2571
Email: [email protected]
Notification
Baar-Zug, Switzerland; 10 September 2020
Partners Group, the global private markets investment manager, has been informed today that its founding partners and largest shareholders, Dr. Marcel Erni, Alfred Gantner and Urs Wietlisbach, have entered into an agreement to settle the derivative transaction entered into in December 2015 and February 2017 concerning the disposal of up to 4.99% each of Partners Group's total share capital (as disclosed to the SIX Swiss Exchange at the time). Each founding partner continues to own 5.01% of the share capital of Partners Group Holding AG.
Following the positive growth trajectory of Partners Group over the last five years, which led to a sustained appreciation in the firm's share price, all of the collars in the transaction have been triggered. These included the purchasing of put and the writing of call options. As such, the founding partners no longer hold an interest in, or option right with respect to, the shares involved in the transaction.
Over the same time period, the founding partners' personal investments alongside clients into Partners Group programs and mandates have almost tripled in size, consistent with the growth of personal commitments from partners and employees of the firm. As of 30 June 2020, personal commitments from the firm's Board of Directors and employees of Partners Group to Partners Group programs amounted to approximately USD 1.2 billion, highlighting the alignment with client interests.
Alfred Gantner, Co-Founder and Member of Partners Group's Board of Directors, comments: "Marcel, Urs and I are personally humbled by and professionally proud of what we have built together with our colleagues across the globe at Partners Group over the past 25 years. Irrespective of the specific size of our stake in the firm, we remain highly committed to Partners Group as continued significant shareholders and clients, as well as executive members of the Board, in which role all of us continue to contribute to the further build-out of the firm. While the largest part of our personal assets remains invested in Partners Group shares, we are highly satisfied with the performance of our private market investments across Partners Group's platform."
Steffen Meister, Executive Chairman of Partners Group's Board of Directors, adds: "The Board of Directors anticipates neither a change in its priorities nor in its approach to working together going forward. This also holds true for the assignments of individual Board members, including our founders. As executive members of the Board and substantial anchor shareholders of the firm, the co-founders are expected, together with the entire Board, to contribute to the strategic development of the firm just as they have in the past."
About Partners Group
Partners Group is a leading global private markets investment manager. Since 1996, the firm has invested over USD 135 billion in private equity, private real estate, private debt and private infrastructure on behalf of its clients globally. Partners Group is a committed, responsible investor and aims to create broad stakeholder impact through its active ownership and development of growing businesses, attractive real estate and essential infrastructure. With over USD 96 billion in assets under management as of 30 June 2020, Partners Group serves a broad range of institutional investors, sovereign wealth funds, family offices and private individuals globally. The firm employs more than 1,500 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN). For more information, please visit www.partnersgroup.com or follow us on LinkedIn or Twitter.
Shareholder relations contact
Philip Sauer
Phone: +41 41 784 66 60
Email: [email protected]
Media relations contact
Jenny Blinch
Phone: +44 207 575 2571
Email: [email protected]