Princess Private Equity Holding Ltd Publication of July NAV (9468O)
25 August 2017 - 4:00PM
UK Regulatory
TIDMPEY
RNS Number : 9468O
Princess Private Equity Holding Ltd
25 August 2017
News Release
Guernsey, 25 August 2017
Princess publishes July NAV
-- Princess Private Equity Holding Limited's ("Princess") net
asset value decreased by 0.4% to EUR 10.73 per share
-- Overall portfolio developments (+0.2%) were offset by currency movements (-0.6%)
-- Princess received distributions of EUR 18.2 million and
invested EUR 1.2 million over the reporting period
Princess received a total of EUR 18.2 million during the month,
including proceeds of EUR 10.6 million from the sale of Kerneos, a
global leader in the production of calcium aluminate cements
("CAC"). Kerneos was sold to mineral-based specialty solutions
provider Imerys. The remaining distributions of EUR 7.6 million
came predominantly from Princess' mature legacy fund portfolio.
Princess invested a total of EUR 1.2 million during the month,
which included a follow-on investment in Permotio to fund the
acquisition of new schools. Permotio was formed in 2013 to create a
leading international private schools group through a "buy &
build" strategy, in conjunction with a proven management team.
To-date, Permotio has acquired a total of 17 schools in six
countries, providing education to over 15'500 students.
Further information is available in the monthly report which can
be accessed via:
http://www.princess-privateequity.net/financialreports.
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 57 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@partnersgroup.com
www.princess-privateequity.net
Registered Number: 35241
Investor relations contact
George Crowe
Phone: +44 (0)20 7575 2771
Email: george.crowe@partnersgroup.com
Media relations contact
Jenny Blinch
Phone: +41 41 784 65 26
Email: 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
are 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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