Princess Private Equity (LSE:PEYS)
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RNS Number : 3792X

Princess Private Equity Holding Ltd

23 November 2017

News Release

Guernsey, 23 November 2017

Princess publishes Q3 report

Princess today published its interim report for the nine-month period ended 30 September 2017. The key items were:

-- Princess' net asset value ("NAV") increased to EUR 10.90 per share, representing a total return of +10.1% YTD, adjusted for the first interim dividend of EUR 0.28 per share.

-- Valuation developments (+14.0% YTD) were the key driver of NAV growth, while currency movements negatively impacted the NAV (-1.9% YTD). The largest contributors to Princess' NAV growth during the third quarter were the direct investments in VAT Group, Trimco, Action, Dynacast and Foncia.

-- During the third quarter, Princess invested a total of EUR 21.1 million, including Partners Group's acquisitions of SPi Global and Key Retirement Group and a co-investment in STADA Arzneimittel AG. In total, Princess has invested EUR 74.2 million YTD.

-- Realizations in the third quarter totaled EUR 43.7 million, including EUR 10.6 million from the trade sale of Kerneos, a EUR 6.7 million dividend from KinderCare Education and EUR 13.9 million from Princess' legacy fund portfolio. In total, Princess' portfolio has generated EUR 113.0 million of realizations YTD.

Brian Human, Chairman, comments: "Princess continued to develop positively over the first nine months of 2017 driven by successful value creation initiatives at portfolio company level which continued to generate solid revenue and EBITDA growth. The company benefitted from its mature portfolio and took advantage of the supportive market environment to realize assets and create value for shareholders."

Detailed analysis and commentary on the developments and performance of Princess' portfolio over the first nine months of 2017 is presented in a quarterly report published today. The report can be accessed via:

http://www.princess-privateequity.net/en/investor_relations/reports.php

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 57 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 symbols: PEY for the Euro quote; PEYS for the Sterling quote).

Contacts

Princess Private Equity Holding Limited:

princess@princess-privateequity.net

www.princess-privateequity.net

Registered Number: 35241

LEI: 54930038LU8RDPFFVJ57

Investor relations contact

George Crowe

Phone: +44 (0)20 7575 2771

E-mail: george.crowe@partnersgroup.com

Media relations contact

Jenny Blinch

Phone: +41 41 784 65 26

E-mail: 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 Private Equity Holdings. 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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November 23, 2017 07:49 ET (12:49 GMT)