Partners Group Holding AG is a private equity firm specializing in direct, secondary, and primary investments across private equity, private real estate, private infrastructure, and private debt. The firm also makes fund of funds investments. It seeks to invest in distressed, special situations, later stage, mature, early venture, mid venture, late venture, industry consolidation,  buyouts, recapitalizations, emerging growth, and seed capital. For direct private equity investments, the firm invests directly into healthcare, consumer, media & telecommunications, education, information technology, industrials, infrastructure/energy & utilities, financial and business services and real estate operating companies. For its private real estate direct investment practice, it focuses on seeking out properties globally. It also makes investments in private real estate secondaries and primaries and focuses on distressed assets in United States, Europe, and Japan. Under private debt, the firm provides senior debt financing, mezzanine financing, alongside secondaries and primaries, and also participates in add on acquisitions. It seeks to invest in middle market in Americas, Europe, and Asia. In energy infrastructure, the firm seeks to invest in the areas of midstream, power generation, gas transportation, gas export infrastructure, renewable energy including wind and solar energy. The firm seeks to invest globally with a focus on South Africa, China, India, Philippines, Austria, France, Germany, Switzerland, Russia, Brazil, and Chile. It seems to invest between 500,000 ($685,010) and 100 million ($137 million) in equity investment in companies with enterprise value between 100 million ($137 million) to 2 billion ($2740 million). The firm is a value-add investor targeting majority and minority stake in its investee companies. While investing in funds, it invests in venture capital, mezzanine, private equity, real estate, distressed, turnaround, and secondary funds. Partners Group Holding AG was founded in 1996 and is based in Baar, Switzerland with additional offices across North America, South America, Europe, Australia, and Asia.

Partners Group Holding AG

Partners Group is a global private markets firm with USD 147 billion in assets under management and more than 1,900 professionals across 20 offices worldwide. 

We seek to generate superior returns through capitalizing on thematic growth trends and transforming attractive businesses and assets into market leaders. As a committed, responsible investor, we aim to deliver lasting, positive impact for all our stakeholders. We provide an innovative range of bespoke client solutions to institutional investors, sovereign wealth funds, family offices and private individuals globally. 

Partners Group has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN).

Precisely

Aavas Financiers

Alltub Group

Apex Logistics International

Crown Resorts

EuroKids International

SAI Global

Greencross

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Hortifruti

Idera

Blue River PetCare

Breitling

symplr

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VelocityEHS

Partners Group

Our portfolio company Parmaco Oy, Finland's leading provider of high-quality dynamic rental buildings, has acquired a majority stake in mobispace GmbH, a German company that specializes in modular rental buildings that utilize sustainable materials, design, and construction. mobispace rents out buildings to public sector organizations, such as schools and day-care centers. 

mobispace represents Parmaco's first expansion into continental Europe and second highly synergetic acquisition within the last 18 months. Parmaco acquired Fixcel Group, an innovative Finnish modular builder specialized in advanced steel cell structures, in 2022. 

Florian Trapp, Member of Management, Private Infrastructure Europe, Partners Group, says: "The acquisition of mobispace is an important step in our value creation plan for Parmaco, as we continue to expand internationally. Alongside Jukka and the management team, we see Germany as a growth opportunity as well as an entry point for markets in Central Europe."

Read the press release here: https://lnkd.in/eZ72H3q9 

#Infrastructure

Private debt is now recognized as an important component in investor portfolios, providing an appealing alternative to more traditional fixed income products. While this trend has been many years in the making, a combination of factors is creating additional tailwinds for the asset class. In an environment of higher interest rates, the floating rate nature of direct lending is offering investors the potential for attractive double-digit returns and protection against inflation. At the same time, direct lending continues to gain market share, bolstered by the continued retreat from banks, as well as a slowdown in activity from underwriting banks in the broadly syndicated loan market.

Given these attractive features and the continued growth of the European direct lending space, how can investors make the most of the opportunities the market has to offer? In this article, our private debt team presents Partners Group’s views: 

https://lnkd.in/eYT6usMx

#PrivateDebt #PrivateCredit

Partners Group has acquired a strategic minority stake in Citivale, a UK real estate developer and asset manager specializing in logistics and light industrial assets. Citivale currently manages in excess of 5 million sq ft of floor area across multiple assets in the UK. Partners Group's investment will further strengthen our existing Greenbox UK logistics joint venture with Citivale (shown below). 

Partners Group invested in Citivale as part of our new strategy to acquire stakes in real estate operating companies and management teams in order to gain exposure to the full value chain across the asset lifecycle. 

Stephen McCall, Global Head of Platforms & OpCos, said: "The real estate investment landscape is undergoing a period of significant change. At Partners Group, we are adopting an entrepreneurial mindset to increase the operational intensity of real estate and build a more integrated relationship with our operating partners and platforms in high conviction sectors."

#RealEstate #Logistics

“When we acquire a company, we focus on building a board of directors who are eager to work with the executive team to co-create the company’s new strategy,” our CEO Dave Layton told Harvard Business Review for a new case study on what the boards of public companies can learn from private equity. 
 
Whilst public company boards often look similar to what they did 50 years ago, private equity firms create a governance structure at portfolio companies that is far more hands-on and entrepreneurial. The case study explains how private equity firms recognize the value of a more collaborative model in which directors can work closely with management to drive transformation and results.

Please see below (free to read) to hear about the six guiding principles that the boards of private equity-backed companies follow, with input from board members and CEOs at several current and former Partners Group portfolio companies.  
 
https://lnkd.in/e_R2URyB

#PrivateEquity #CorporateGovernance

In commemoration of US Black History Month, we're celebrating our Black Network, an internal business resource group with over 50 Partners Group employees. 

Through fostering inclusivity and building community, the network focuses on recruitment, retention, and advancement of black professionals within the firm. It also ensures conversations on the topics of racial equality and diversity are being had at Partners Group.

We asked our members about their reasons for joining the network and loved the broad range of responses. 

Read more about Diversity & Inclusion at Partners Group here: https://lnkd.in/eeBs832z

Partners Group, on behalf of its clients, has formed a new pan-European joint venture to develop and operate next generation purpose-built student accommodation assets. The JV, which aims to become a market leader with over 5,000 beds, will be seeded with two projects: Camplus Ivry, a 448-bed scheme at Ivry-Sur-Seine, Paris and Camplus 22@, a 250-bed development site in the technology district of Barcelona.

The JV marks a significant milestone for Partners Group as we continue to build our presence in the student housing sector. This latest JV represents Partners Group's first platform expansion into continental Europe following our partnership with Host in the UK.

Alice Saini, Member of Management, and Anne-Jan Jager, Co-Head Private Real Estate Europe, Partners Group, said: “The launch of this student housing platform in continental Europe is evidence of our thematic work in action. We have strong conviction in the European student housing sector, particularly given the current undersupply of new purpose-built, amenitised student housing in key university cities. We look forward to working with our experienced local partners on building a portfolio of high-quality and sustainable student communities."

#RealEstate #StudentHousing

We are pleased to join the European Healthcare Investor Association (E.H.I.A.), the largest association of European private capital providers investing in healthcare companies in Europe and globally. We look forward to growing our network and promoting our healthcare investment activities among the members of the association.

Partners Group's Private Equity Health & Life Vertical consists of more than 50 investment professionals globally, with a dedicated team in Europe led by Pascal Jean-Noël Noth, located in London, UK and Zug, Switzerland. The team's recent investments include Pharmathen, a European complex drug delivery and formulation developer, and Sterling Pharma Solutions, a pharmaceutical development and manufacturing organization.

Partners Group, on behalf of its clients, acted as the sole lender to support Rivean Capital's acquisition of Dataciders GmbH, one of the leading providers of data and analytics services in Germany. Partners Group provided a total financing package of over EUR 90 million. 
 
Dataciders is expected to generate revenues of around EUR 70 million this year. The company's customer base includes numerous DAX 40 constituents and large SMEs from various industries, such as automotive, pharma, and financial services. The financing package will support Rivean's plans to actively shape the next phase of the company's growth. 

Partners Group provided the financing package as part of its direct lending strategy, which focuses on leading middle-market companies. Partners Group's Private Debt business has a total of USD 29 billion in assets under management. 

#PrivateDebt #PrivateCredit

Our portfolio company North Star, a market leading provider of mission-critical offshore infrastructure support services, has secured a contract with energy utility EnBW Energie Baden-Württemberg AG to deliver a new hybrid-electric service operations vessel (SOV) on a decade-long minimum charter to service the He Dreiht windfarm off the coast of Germany.

Scheduled to commence its charter from the end of next year, the vessel, which is prepared for the use of methanol as a fuel, will provide premier accommodation for up to 34 wind technicians as they maintain the development’s 64 wind turbines. The SOV will also act as a logistics hub and warehouse.

The agreement marks North Star's first offshore wind win outside the UK market, representing a milestone step in its ambitious growth strategy. Partners Group acquired North Star on behalf of our clients in 2022 and we are working closely with management on expanding the company's platform in Europe. 

Read the full press release here: https://lnkd.in/dBmSmkQu
 
#Infrastructure

The US leveraged loans market ended the year with a frenetic last quarter in which continued sluggish new-issue loan volumes led to an extended secondary loan rally. 

Institutional and retail investors – regardless of whether they were shifting strategy back to “risk-on” or just seeking to redeploy cash – were quickly drawn to most loan offerings. In Europe, loan issuers seeing steady investor demand used the opportunity to amend and extend, refinance and issue incremental loans, while capturing tighter loan spreads and extending the duration of capital structures. 

This had a significant impact on the leveraged loan maturity wall, which by the end of 2023 saw almost no remaining 2024 maturities outstanding. Overall, US and European liquid loans delivered double-digit total returns for 2023, the strongest posted in over a decade.
 
Read our Quarterly Liquid Loan Market Commentary for more: https://lnkd.in/ePPKRf7w

	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
revenue	488.43M -	573.79M 17.48%	618.60M 7.81%	972.82M 57.26%	1.24B 27.62%	1.32B 6.49%	1.80B 36.10%	1.60B 10.86%	2.59B 61.48%	1.81B 29.96%	2.17B 19.71%
cost of revenue	157.53M -	183.96M 16.78%	209.00M 13.61%	317.51M 51.92%	359.30M 13.16%	376.50M 4.79%	222.90M 40.80%	230M 3.19%	406.30M 76.65%	428M 5.34%	268M 37.38%
gross profit	330.90M -	389.83M 17.81%	409.60M 5.07%	655.31M 59.99%	882.20M 34.62%	945.60M 7.19%	1.58B 66.72%	1.37B 12.85%	2.18B 58.93%	1.39B 36.53%	1.90B 37.35%
selling and marketing expenses	10.23M -	12.06M 17.92%	14.18M 17.56%	-22.10M 255.91%	-20.16M 8.81%	-35.80M 77.62%	-25.70M 28.21%	-27.50M 7.00%
general and administrative expenses	23.83M -	24.37M 2.28%	27.99M 14.83%	32.50M 16.13%	31.55M 2.92%	36.40M 15.35%	26.50M 27.20%	28.10M 6.04%	35.30M 25.62%	47.10M 33.43%
selling general and administrative expenses	34.05M -	36.43M 6.98%	42.16M 15.73%	10.40M 75.33%	11.40M 9.60%	600K 94.74%	800K 33.33%	600K 25%	35.30M 5,783.33%	47.10M 33.43%
research and development expenses
other expenses	3.42M -	658K 80.73%	-9.88M 1,600.76%	-7.73M 21.74%	-376.85M 4,776.36%	-405.80M 7.68%	-510.70M 25.85%	-436.80M 14.47%	491.90M 212.61%	207.10M 57.90%	-643.40M 410.67%
cost and expenses	173.38M -	207.80M 19.85%	237.41M 14.25%	345.40M 45.49%	393M 13.78%	431.90M 9.90%	733.60M 69.85%	666.80M 9.11%	933.50M 40.00%	682.20M 26.92%	911.40M 33.60%
operating expenses	15.85M -	23.84M 50.37%	28.41M 19.19%	27.90M 1.82%	33.70M 20.80%	55.40M 64.39%	510.70M 821.84%	436.80M 14.47%	527.20M 20.70%	254.20M 51.78%	643.40M 153.11%
interest expense	1.01M -	1.29M 27.88%	1.73M 33.98%	2.26M 30.98%	5.03M 122.19%	7.10M 41.27%	8.50M 19.72%	12.30M 44.71%	8.90M 27.64%	7.10M 20.22%	17.50M 146.48%
ebitda	285.47M -	344.20M 20.57%	364.14M 5.79%	594.86M 63.36%	817M 37.34%	870.30M 6.52%	1.10B 26.35%	975.50M 11.29%	1.66B 70.56%	1.16B 30.08%	1.30B 11.84%
operating income	277.97M -	336.92M 21.21%	356.83M 5.91%	589.04M 65.08%	811.40M 37.75%	864.80M 6.58%	1.07B 23.24%	937.10M 12.08%	1.62B 73.31%	1.12B 30.86%	1.26B 12.22%
depreciation and amortization	7.50M -	7.28M 3.05%	7.30M 0.41%	5.82M 20.37%	5.60M 3.73%	5.50M 1.79%	33.80M 514.55%	38.40M 13.61%	39.70M 3.39%	40.50M 2.02%	41.10M 1.48%
total other income expenses net	68.14M -	76.13M 11.73%	81.04M 6.45%	37.60M 53.60%	35.70M 5.06%	22.70M 36.41%	-31.40M 238.33%	-9.20M 70.70%	102.10M 1,209.78%	6.50M 93.63%	-50.50M 876.92%
income before tax	346.10M -	413.06M 19.34%	437.87M 6.01%	626.64M 43.11%	847.10M 35.18%	887.50M 4.77%	1.03B 16.55%	927.90M 10.30%	1.73B 86.03%	1.13B 34.57%	1.21B 7.10%
income tax expense	29.13M -	37.84M 29.87%	41.94M 10.86%	68.50M 63.31%	94.80M 38.40%	118.20M 24.68%	137.30M 16.16%	123.80M 9.83%	262.60M 112.12%	124.50M 52.59%	205.20M 64.82%
net income	317.00M -	375.22M 18.37%	395.93M 5.52%	558.14M 40.97%	752.33M 34.79%	769.30M 2.26%	899.90M 16.98%	804.80M 10.57%	1.46B 81.86%	1.00B 31.34%	1.00B 0.15%
weighted average shs out	25.68M -	25.92M 0.92%	26.42M 1.92%	26.39M 0.09%	26.52M 0.47%	26.61M 0.34%	26.52M 0.32%	26.27M 0.93%	26.05M 0.86%	25.54M 1.93%	25.93M 1.50%
weighted average shs out dil	26.39M -	26.35M 0.16%	26.74M 1.48%	26.67M 0.24%	26.78M 0.40%	26.85M 0.26%	26.74M 0.41%	26.51M 0.87%	26.05M 1.72%	25.71M 1.30%	26.03M 1.24%
eps	12.34 -	14.48 17.34%	14.99 3.52%	21.15 41.09%	28.37 34.14%	28.91 1.90%	33.93 17.36%	30.63 9.73%	56.19 83.45%	39.34 29.99%	38.70 1.63%
epsdiluted	12.01 -	14.24 18.57%	14.81 4.00%	20.92 41.26%	28.09 34.27%	28.65 1.99%	33.66 17.49%	30.36 9.80%	55.12 81.55%	39.09 29.08%	38.55 1.38%

COM:PARTNERSGROUP

Partners Group Holding AG

Last Close

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22/11 16:30

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