SVG Capital Realises Holding in Galaxy Entertainment

Permira IV has executed a fully underwritten placement of its remaining shares in Galaxy Entertainment Group, the Hong Kong listed casino and hotel operator. The value of this realisation for SVG Capital is 103.9 million pounds ($165.6 million) both directly and indirectly through its holdings in the Permira Feeder Vehicles.

PRESS RELEASE

Permira IV has executed a fully underwritten placement of its remaining shares in Galaxy Entertainment Group, the Hong Kong listed casino and hotel operator.
The value of this realisation for SVG Capital is £103.9 million (both directly and indirectly through its holdings in the Permira Feeder Vehicles). This represents a £4.9 million (1.8p per share) uplift on the September 2012 valuation of Galaxy of £99.0 million. Through its direct holding, SVG Capital expects to receive net cash proceeds of approximately £88.1 million.
For further information, please contact:
SVG Capital plc
Alice Kain Charlotte Edgar
Maitland
Neil Bennett Tom Eckersley

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