Company Announcements

RNS Number : 3309Q
Princess Private Equity Holding Ltd
27 October 2021
 

News Release

                       

Guernsey, 27 October 2021

 

NAV increases by 0.9% in September

 

·    Princess Private Equity Holding Limited's (Princess or the Company) net asset value increased by 0.9% to EUR 15.64 per share

·    Portfolio developments were positive (+1.2%) while currency movements were flat

·    Princess received distributions of EUR 4.4 million and invested EUR 2.4 million

 

In September, Princess' NAV increased by 0.9%. The largest contributor to the positive performance was Form Technologies ("Form"), a global manufacturer of customized, highly engineered metal components. Form is benefitting from a continuing recovery in client demand across all business segments. The company reported strong YTD revenue and EBITDA growth, reflecting a large order backlog and ongoing easing of restrictions.

 

Princess received distributions of EUR 4.4 million during the month from its mature legacy fund portfolio and private debt investments, while EUR 2.4 million was invested in a confidential investment in the US biopharma industry.

 

Post-month end, on 14 October, the Board of Directors declared a second interim dividend of EUR 0.335 per share for FY 2021, in-line with previous guidance to distribute 5% of opening net asset value for each financial year, via semi-annual payments. The second interim dividend will be paid on 17 December 2021 and the corresponding ex-dividend date will be 11 November 2021.

 

Princess will hold a quarterly investor update on 10 November 2021 at 10:00 GMT / 11:00 CET. During the webcast, Partners Group, the Investment Manager of Princess, will give an update on the recent developments of the Princess portfolio based on unaudited figures as at 30 September 2021. Please find the registration details on the Company's webpage or register directly here.

 

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

George Crowe

Phone: +44 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.

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