Princess publishes February NAV

Princess Private Equity Holding Ltd

08 April 2024

 

(LSE: PEYS/PEY)

Princess Private Equity Holding Limited

Princess publishes February NAV

·    NAV decreased by 0.8% to EUR 14.16 per share; total net assets at EUR 978.85 million

·    Currency movements were flat while portfolio revaluations (-0.7%) detracted from NAV

·    Princess received distributions of EUR 1.4 million

·    The above NAV does not take account of the recently announced sale of SRS Distribution, which delivers a EUR 16 million uplift to the last reported value of the portfolio company, equivalent to a 1.6% increase in NAV

In February, the net asset value of Princess decreased by 0.8%. The performance was partly driven by Clarivate (formerly known as CPA Global), a leading global information services provider. The company is listed on the NYSE and its share price fell after the publication of Q4 and full year results. On a positive note, Foundation Risk Partners, a US-based insurance broker, was positively revalued on the back of continued robust financial performance.

Furthermore, Princess received distributions of EUR 1.4 million, of which EUR 1.1 million stemmed from its preferred equity stake in Polyconcept, on the back of strong free cash flow generation over recent quarters. Polyconcept is a global supplier of multi-category promotional products, operating on five continents and selling in more than 100 countries.

Further information is available in the monthly report, which can be accessed via: http://www.princess-privateequity.net/en/investor-relations/financial-reports/.

Ends.

About Princess

Princess is an investment holding company founded in 1999 and domiciled in Guernsey. It invests in private equity direct investments. Princess is managed in its investment activities by Partners Group, a global private markets investment management firm with USD 147 billion in investment programs under management in private markets, of which USD 76 billion is in private equity. Princess aims to provide shareholders with long-term capital growth and an attractive dividend yield. Princess is traded on the Main Market of the London Stock Exchange (ticker: PEY for the Euro Quote; PEYS for the Sterling Quote).

Contacts

Princess Private Equity Holding Limited:

[e-mail]

www.princess-privateequity.net

Investor relations contact: Sarah Page Phone: [phone] E-mail: [e-mail]

Media relations contact: Jenny Blinch Phone: [phone] E-mail: [e-mail]

Registered Number: 35241   LEI: 54930038LU8RDPFFVJ57

Notes:

1.     Note that references in this announcement to Princess Private Equity Holding Limited have been abbreviated to "Princess" or "Company". References to Partners Group AG have been abbreviated to "Partners Group " or "Investment Manager".

2.     This document does not constitute an offer to sell or a solicitation of an offer to buy or subscribe for any securities and neither is it intended to be an investment advertisement or sales instrument of Princess Private Equity Holdings. The distribution of this document may be restricted by law in certain jurisdictions. Persons into whose possession this document comes must inform themselves about and observe any such restrictions on the distribution of this document. In particular, this document and the information contained therein is not for distribution or publication, neither directly nor indirectly, in or into the United States of America, Canada, Australia or Japan.

3.     This document may have been prepared using financial information contained in the books and records of the product described herein as of the reporting date. This information is believed to be accurate but has not been audited by any third party. This document may describe past performance, which may not be indicative of future results. No liability is accepted for any actions taken on the basis of the information provided in this document. Neither the contents of Princess' website nor the contents of any website accessible from hyperlinks on Princess' website (or any other website) is incorporated into, or forms part of, this announcement.

 

END