Princess Private Equity Holding Ltd NAV increases by 0.4% in February (9149U)

TIDMPEY TIDMPEYS

RNS Number : 9149U

Princess Private Equity Holding Ltd

31 March 2023

(LSE: PEYS/PEY)

Princess Private Equity Holding Limited

NAV increases by 0.4% in February

-- Princess Private Equity Holding Limited's ("Princess" or the "Company") net asset value increased by 0.4% to EUR 14.79 per share, total NAV at EUR 1'022.49 million

   --    Portfolio revaluations were positive (+0.7%) and currency movements were positive (+0.1%) 
   --    Princess received distributions of EUR 5.8 million and invested EUR 3.2 million 

In February, Princess received distributions of EUR 5.8 million, of which EUR 4.2 million was received from Apex International Corporation, a global logistics company. The remaining balance of EUR 1.6 million was predominantly received from Princess' direct private equity investments.

Princess invested a total of EUR 3.2 million, of which EUR 1.9 million was invested in Rovensa, a leading provider of specialty crop nutrition, biocontrol, and crop protection products, which completed its acquisition of Cosmocel, a developer, manufacturer, and distributor of specialty biostimulant solutions in North America. Cosmocel's geographic footprint and product portfolio are highly complementary to Rovensa. This acquisition is anticipated to generate cross-selling synergies and establish Rovensa as the leading independent biosolutions company globally.

EUR 1.2 million was invested in Confluent Health ("Confluent"), a US-based healthcare company focused on physical and occupational therapy, which completed its acquisition of MOTION PT Group ("MOTION"), a physical therapy practice group in the US. With this acquisition, Confluent will add density to its existing geographic footprint. MOTION's unique business model, which has diversified revenue streams, is also a strong fit with Confluent's growth strategy.

FX hedging termination: Investors are reminded that the FX hedging contracts are unwinding on 31 March 2023. Assuming FX hedges are terminated, the major currency exposures(1) would be EUR: 45%, USD: 43% and Other: 12%. Please access the Company ' s website for detailed information regarding the estimated currency exposure.

Further information is available in the monthly report, which can be accessed via: http://www.princess-privateequity.net/en/investor-relations/financial-reports/.

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 managed in its investment activities by Partners Group, a global private markets investment management firm with USD 135 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

Investor relations contact: Media relations contact:

Sarah Page Jenny Blinch

Phone: [phone] Phone: [phone]

   Email: [e-mail]                                        E-mail: [e-mail] 
   Registered Number: 35241   LEI: 54930038LU8RDPFFVJ57 

Footnotes:

1. Based on NAV. Figures are subject to estimates and rounding. Net currency exposure as per reporting date, assuming the FX hedges are terminated. The net currency exposure is calculated looking through Partners Group programs. Diversification does not ensure a profit or protect against a loss; the portfolio composition may change over time.

Notes:

1. Note that references in this announcement to Princess Private Equity Holding Limited have been abbreviated to "Princess" or "Company". References to Partners Group AG have been abbreviated to "Partners Group " or "Investment Manager".

2. 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.

3. 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.

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March 31, 2023 02:00 ET (06:00 GMT)