Princess Private Equity Holding Ltd Princess reports record distribution (1175H)
15 August 2016 - 4:00PM
UK Regulatory
TIDMPEY
RNS Number : 1175H
Princess Private Equity Holding Ltd
15 August 2016
News Release
Guernsey, 15 August 2016
Princess reports record distribution proceeds in Half-Year
Report 2016
Princess Private Equity Holding Limited (Princess or the
Company) today publishes its Half-Year Report for 2016. The key
items are:
n The NAV of Princess increased by 5.8% to EUR 9.78 per share
(adjusted for the first interim dividend of EUR 0.27 per
share).
n Partners Group's focus on value creation continued to foster
strong revenue and EBITDA growth and healthy capital structures at
portfolio company level. Consequently, valuation developments
(+7.2%) were responsible for the NAV growth. Currency movements
negatively impacted the NAV by -0.6%.
n The largest contributors to Princess' NAV growth over the
reporting period were the direct investments in VAT Group AG,
Action and KinderCare Education.
n During the reporting period, Princess invested a total amount
of EUR 49.7 million in both equity and debt, including EUR 9.9
million in MultiPlan 2016.
n Princess generated record distribution proceeds in Q2 from
exited investments totaling EUR 131.2 million, including EUR 57.7
million from Multiplan 2014 and EUR 27.2 million from VAT Group AG.
This compares to EUR 42.7 million in the corresponding period last
year.
Brian Human, Chairman, comments: "With the strong NAV
performance and continued high level of distributions, the board
remains confident that Princess is well-positioned as a leading
global mid-market direct private equity fund. This, together with a
high dividend yield objective, should ensure that Princess is
well-placed to generate value for its shareholders over the years
to come".
Detailed analysis and commentary on the developments and
performance of Princess' portfolio over the first half of 2016 will
be presented in a quarterly report published today. The report can
be accessed via:
http://www.princessprivateequity.net/financialreports
A copy of the above document has been submitted to the National
Storage Mechanism and will shortly be available for inspection at:
http://www.Hemscott.com/nsm.do
Ends.
About Princess
Princess is an investment holding company founded in 1999 and
domiciled in Guernsey. It invests, inter alia, in private equity
and private debt investments. Princess is advised in its investment
activities by Partners Group, a global private markets investment
management firm with over EUR 49 billion in investment programs
under management in private equity, private debt, private real
estate and private infrastructure. Princess aims to provide
shareholders with long-term capital growth and an attractive
dividend yield. Princess is traded on the London Stock Exchange
(ticker symbol: PEY). Further information:
www.princess-privateequity.net.
Contacts
Princess Private Equity Holding Limited:
princess@princess-privateequity.net
www.princess-privateequity.net
Registered Number: 35241
Investor relations contact
George Crowe
Phone: +44 (0)20 7575 2771
E-mail: george.crowe@partnersgroup.com
Media relations contact
Partners Group AG
Jenny Blinch
Phone: +41 41 784 65 26
E-mail: Jenny.Blinch@partnersgroup.com
www.partnersgroup.com
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. 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.
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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