Princess Private Equity Holding Ltd NAV increases by 0.8% in October (4898T)
25 November 2021 - 5:59PM
UK Regulatory
TIDMPEY TIDMPEYS
RNS Number : 4898T
Princess Private Equity Holding Ltd
25 November 2021
News Release
Guernsey, 25 November 2021
NAV increases by 0.8% in October
-- Princess Private Equity Holding Limited's (Princess or the
Company) net asset value increased by 0.8% to EUR 15.77 per
share
-- Portfolio developments were positive (+1.1%) while currency movements were flat
-- Princess invested EUR 71.6 million and received distributions of EUR 19.8 million
In October, Princess invested EUR 71.6 million, of which EUR 9.4
million was invested in BluSky Restoration Contractors ("BluSky"),
a leading US provider of restoration services for commercial,
industrial, healthcare, and multifamily real estate. BluSky has
more than 900 employees serving 5,000-plus customers across the
country. BluSky provides essential services for customers that
experience water, fire, wind, environmental damages, or biological
contamination at their buildings. Key value creation initiatives
will include branch expansion into new markets, growing national
accounts, expanding service capabilities, partnering with customers
on ESG and workplace safety initiatives, and pursuing
acquisitions.
Following an active period for realizations, EUR 60 million was
invested in senior loans for liquidity management purposes.
Partners Group's thematic sourcing approach continues to generate a
broad near-term pipeline of investment opportunities to redeploy
liquidity into.
Princess received distributions of EUR 19.8 million during the
month, of which EUR 16.3 million stemmed from the sale of Straive,
a leading global provider of technology-driven content and data
solutions. Partners Group acquired a majority stake in Straive,
then known as SPi Global, in August 2017, on behalf of its clients.
Under Partners Group's ownership, Straive was transformed from a
provider of primarily content services into a technology-driven
content, data, and EdTech solutions company. Straive's organic
growth was supplemented with three strategic bolt-on acquisitions.
Other major initiatives included the development of proprietary
technology and software products, as well as the deepening of
strategic customer relationships.
EUR 2.7 million was received from Trimco, a leading global
supplier of brand identity products for international fashion and
sports brands, which paid a dividend to shareholders. The remaining
balance of EUR 0.8 million was received from Princess' mature
legacy fund portfolio.
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, inter alia, in private equity
and private debt investments. Princess is managed in its investment
activities by Partners Group, a global private markets investment
management firm with USD 119 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
Email: princess@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.
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END
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