Princess Private Equity Holding Ltd NAV increases by 2.1% (7487K)

TIDMPEY

RNS Number : 7487K

Princess Private Equity Holding Ltd

26 September 2016

News Release

Guernsey, 26 September 2016

NAV increases by 2.1%

-- Princess Private Equity Holding Limited's ("Princess") net asset value ("NAV") increases by 2.1% to EUR 9.99 per share

   --    Overall portfolio developments (+2.3%) were positive while currency movements were neutral 

-- Princess received distributions of EUR 13.4 million from exited investments and invested EUR 3.6 million

Portfolio companies VAT Group AG and Action were the two largest value drivers. Following its IPO in April 2016 at CHF 45.00 per share, VAT Group AG's share price continued to develop positively, closing the month at CHF 74.70 per share (+15.3% for August).

Princess received proceeds of EUR 5.3 million following the repayment of Partners Group's mezzanine debt financing to Essmann, a manufacturer of light domes, continuous roof lights, smoke and heat extractors as well as ventilation equipment. Founded in 1948 and based in Germany, the company employs approximately 900 people and also offers engineering consulting, maintenance and repair services to its clients. Since Partners Group invested in the company in May 2007, the investment has returned a multiple of 2.37x cost. The remaining proceeds of EUR 8.1 million came predominantly from the legacy third party fund portfolio.

Princess invested a total of EUR 3.6 million during the month, of which EUR 3.5 million was allocated to Polyconcept, a global supplier of promotional products. The company's key markets are North America and Europe where it provides a wide range of custom decorated goods such as drink-ware, electronics, stationery and premium apparel. Founded in 1973, Polyconcept has established a leading market position within the highly fragmented promotional products market. The company's revenues are well-diversified across customers, suppliers, price points and geographies. Looking ahead, the management team will continue to expand the business globally, building on their track record of success and tapping into new opportunities for growth.

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 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:

[e-mail]

www.princess-privateequity.net

Registered Number: 35241

Investor relations contact

George Crowe

Phone: [phone]

Email: [e-mail]

Media relations contact

Partners Group

Jenny Blinch

Phone: [phone]

Email: [e-mail]

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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September 26, 2016 02:00 ET (06:00 GMT)