Princess Private Equity Holding Ltd NAV increases by 0.2% (4865S)

TIDMPEY TIDMPEYS

RNS Number : 4865S

Princess Private Equity Holding Ltd

26 June 2018

News Release

Guernsey, 26 June 2018

NAV increases by 0.2%

-- Princess Private Equity Holding Limited's (Princess) net asset value increased by 0.2% to EUR 11.04 per share

   --    Portfolio developments (0.1%) and currency movements (0.4%) were positive 

-- Princess received distributions of EUR 6.4 million and invested EUR 21.8 million over the reporting period

Princess received distributions of EUR 6.4 million during the month, including EUR 2.4 million in proceeds from the partial sale of shares in Black Knight Financial Services, a US-based provider of integrated technology, services, data and analytics to lenders and servicers in the mortgage and real estate industries. The remaining EUR 4.0 million of distributions came predominantly from Princess' mature legacy fund portfolio.

Princess invested a total of EUR 21.8 million during the month, of which EUR 17.8 million was invested in the previously announced investment Hearthside Food Solutions ("Hearthside") alongside Charlesbank Capital Partners. Hearthside is the largest independent bakery in the US and produces a broad range of high-quality nutrition bars, cookies, cereals and other baked foods and snacks for some of the world's premier food brands. Following the investment, Partners Group and Charlesbank will work closely with Hearthside's management team on a number of value creation initiatives. These will be focused on promoting organic growth by providing customers with an even wider range of innovative product solutions, executing select add-on acquisitions to further expand the business into adjacent industries and geographies, and optimizing existing manufacturing processes. EUR 1.6 million was invested in existing portfolio company Cerba HealthCare, a European medical laboratory services operator, to fund Cerba's acquisition of Bio7. Bio7, a leader in the French routine clinical pathology market, is considered an attractive acquisition for Cerba, given its scale and market position. This strategic investment is in line with Cerba's value creation plan to drive a France-focused M&A consolidation strategy.

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 EUR 61.9 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:

[e-mail]

www.princess-privateequity.net

Registered Number: 35241

LEI: 54930038LU8RDPFFVJ57

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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

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June 26, 2018 02:00 ET (06:00 GMT)