At 30 September 2017, Celerion represented 8.1% of JPEL
's private equity investments and was JPEL
's 2nd largest underlying investment.
It is important to remove such fighters from the JPEL
for reintegration to work, he argued, adding that he had been working on the reconciliation issue with the Saudis for two to three years.
The sale of Datamars is likely to result in a realised investment return of approximately 3.5x and a IRR of 50.6% for JPEL, on a CHF basis.
Based on the sale price, JPEL is expecting to receive proceeds of approximately CHF 46m (USD 46.08m), which reflects JPEL's current carrying value.
JPEL has increased the value of Datamars by approximately 96% since December 2015, based on ongoing sale discussions.
At 31 December 2016, Datamars represented 9% of JPEL's total NAV and was JPEL's 2nd largest underlying investment.
16 October 2017 - Guernsey-based closed-ended investment company JPEL Private Equity Ltd (LSE: JPEL) received proceeds of around USD 29m from US-based investment firm Berkshire Partners LLC's closed investment in US-based civic engagement software solutions provider Accela, the firm said.
The sale of Accela resulted in an investment return of approximately 2.05x and an IRR of approximately 35% for JPEL.
At 30 June 2017, Accela represented 8% of JPEL's private equity investments and was JPEL's 3rd largest underlying investment.
JPEL Private Equity was designed primarily to invest in the global private equity market.