Princess Private Equity Holding Ltd NAV increases by 0.2% (4865S)
26 June 2018 - 4:00PM
UK Regulatory
TIDMPEY TIDMPEYS
RNS Number : 4865S
Princess Private Equity Holding Ltd
26 June 2018
News Release
Guernsey, 26 June 2018
NAV increases by 0.2%
-- Princess Private Equity Holding Limited's (Princess) net
asset value increased by 0.2% to EUR 11.04 per share
-- Portfolio developments (0.1%) and currency movements (0.4%) were positive
-- Princess received distributions of EUR 6.4 million and
invested EUR 21.8 million over the reporting period
Princess received distributions of EUR 6.4 million during the
month, including EUR 2.4 million in proceeds from the partial sale
of shares in Black Knight Financial Services, a US-based provider
of integrated technology, services, data and analytics to lenders
and servicers in the mortgage and real estate industries. The
remaining EUR 4.0 million of distributions came predominantly from
Princess' mature legacy fund portfolio.
Princess invested a total of EUR 21.8 million during the month,
of which EUR 17.8 million was invested in the previously announced
investment Hearthside Food Solutions ("Hearthside") alongside
Charlesbank Capital Partners. Hearthside is the largest independent
bakery in the US and produces a broad range of high-quality
nutrition bars, cookies, cereals and other baked foods and snacks
for some of the world's premier food brands. Following the
investment, Partners Group and Charlesbank will work closely with
Hearthside's management team on a number of value creation
initiatives. These will be focused on promoting organic growth by
providing customers with an even wider range of innovative product
solutions, executing select add-on acquisitions to further expand
the business into adjacent industries and geographies, and
optimizing existing manufacturing processes. EUR 1.6 million was
invested in existing portfolio company Cerba HealthCare, a European
medical laboratory services operator, to fund Cerba's acquisition
of Bio7. Bio7, a leader in the French routine clinical pathology
market, is considered an attractive acquisition for Cerba, given
its scale and market position. This strategic investment is in line
with Cerba's value creation plan to drive a France-focused M&A
consolidation strategy.
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 EUR 61.9 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 Main Market of the London Stock Exchange (ticker:
PEY for the Euro Quote; PEYS for the Sterling Quote).
Contacts
Princess Private Equity Holding Limited:
princess@partnersgroup.com
www.princess-privateequity.net
Registered Number: 35241
LEI: 54930038LU8RDPFFVJ57
Investor relations contact
George Crowe
Phone: +44 (0)20 7575 2771
Email: george.crowe@partnersgroup.com
Media relations contact
Jenny Blinch
Phone: +44 207 575 2571
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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
STRUVRURWWANUAR
(END) Dow Jones Newswires
June 26, 2018 02:00 ET (06:00 GMT)
Princess Private Equity (LSE:PEY)
Historical Stock Chart
From Apr 2024 to May 2024
Princess Private Equity (LSE:PEY)
Historical Stock Chart
From May 2023 to May 2024