Princess Private Equity Holding Ltd Princess reports record distribution (1175H)

TIDMPEY

RNS Number : 1175H

Princess Private Equity Holding Ltd

15 August 2016

News Release

Guernsey, 15 August 2016

Princess reports record distribution proceeds in Half-Year Report 2016

Princess Private Equity Holding Limited (Princess or the Company) today publishes its Half-Year Report for 2016. The key items are:

n The NAV of Princess increased by 5.8% to EUR 9.78 per share (adjusted for the first interim dividend of EUR 0.27 per share).

n Partners Group's focus on value creation continued to foster strong revenue and EBITDA growth and healthy capital structures at portfolio company level. Consequently, valuation developments (+7.2%) were responsible for the NAV growth. Currency movements negatively impacted the NAV by -0.6%.

n The largest contributors to Princess' NAV growth over the reporting period were the direct investments in VAT Group AG, Action and KinderCare Education.

n During the reporting period, Princess invested a total amount of EUR 49.7 million in both equity and debt, including EUR 9.9 million in MultiPlan 2016.

n Princess generated record distribution proceeds in Q2 from exited investments totaling EUR 131.2 million, including EUR 57.7 million from Multiplan 2014 and EUR 27.2 million from VAT Group AG. This compares to EUR 42.7 million in the corresponding period last year.

Brian Human, Chairman, comments: "With the strong NAV performance and continued high level of distributions, the board remains confident that Princess is well-positioned as a leading global mid-market direct private equity fund. This, together with a high dividend yield objective, should ensure that Princess is well-placed to generate value for its shareholders over the years to come".

Detailed analysis and commentary on the developments and performance of Princess' portfolio over the first half of 2016 will be presented in a quarterly report published today. The report can be accessed via:

http://www.princessprivateequity.net/financialreports

A copy of the above document has been submitted to the National Storage Mechanism and will shortly be available for inspection at: http://www.Hemscott.com/nsm.do

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]

E-mail: [e-mail]

Media relations contact

Partners Group AG

Jenny Blinch

Phone: [phone]

E-mail: [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 is 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

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August 15, 2016 02:00 ET (06:00 GMT)