Princess Private Equity Holding Ltd NAV increases by 1.0% (7329X)

TIDMPEY

RNS Number : 7329X

Princess Private Equity Holding Ltd

24 February 2017

News Release

Guernsey, 24 February 2017

NAV increases by 1.0%

-- Princess Private Equity Holding Limited's ("Princess") net asset value ("NAV") increased by 1.0% to EUR 10.27 per share

-- Currency movements (-0.2%) were slightly negative while overall portfolio developments (+1.2%) were positive

-- Princess received distributions of EUR 1.3 million and invested EUR 12.6 million over the reporting period

Princess made an additional commitment of EUR 40 million to Partners Group Direct Equity 2016 program (previously announced following approval by the Board in November 2016) which held a closing during the month. This follows Princess' initial commitment of EUR 40 million to the program. As part of the equalization process to ensure equal treatment of investors in the program, Princess was subject to net capital calls of EUR 8.5 million (being the net of the equalization adjustments for each of Princess' commitments to the program). To-date Princess has committed a total of EUR 80 million to the Direct 2016 program, of which EUR 54.9 million remained undrawn as of month-end.

Distributions during January amounted to EUR 1.3 million of which EUR 1.1 million stemmed from the legacy fund portfolio.

Furthermore, Partners Group agreed to acquire a stake in Cerba Healthcare (Cerba), a leading operator of clinical pathology laboratories with a number one position in France and strong market positions in Belgium and Luxembourg. The majority of Cerba's revenues are generated via routine lab tests. The company also focuses on specialty lab testing for more complex medical diagnoses and testing services for clinical trials. Cerba's clients include private patients, physicians, labs, private and public hospitals, retirement and nursing homes, and pharmaceutical and biotech companies. The company employs almost 4,300 people, including 350 biologists, and generated revenues of approximately EUR 630 million in 2016. Princess will participate in the transaction which is expected to close in the coming months.

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 54.2 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

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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February 24, 2017 02:00 ET (07:00 GMT)