UNIQA agrees to sell its portfolio of private equity fund interests

UNIQA has signed definitive agreements to sell a portfolio of 54 funds of around EUR 400 million (1) comprised of European and US private equity fund interests to a number of international investors (secondary and institutional) on 12. September 2013. Completion of the transactions is subject to customary conditions and will occur in phases, with the initial completion expected to take place before the end of this year.

The portfolio includes direct fund interests, secondary funds and funds of funds.  The sale of the portfolio is a further step in the implementation of UNIQA´s new investment policy.  

On this transaction, Campbell Lutyens is acting as financial adviser to UNIQA, and Skadden, Arps, Slate, Meagher & Flom LLP and PHHV as legal advisers.

(1) Based on the aggregate net asset  value of the portfolio plus undrawn commitments.

Reservations concerning statements about the future
This message contains statements that refer to future developments in UNIQA. These statements are appraisals that are made based on all information available to us at the current point in time. If the assumptions on which they are based do not occur, the actual events may vary from the results currently expected. For this reason, we cannot accept liability for these statements.

Vienna, 13. September 2013

UNIQA Group Communication

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