Princess Private Equity Holding Ltd NAV increases by 3.4% in December (7328O)
February 02 2023 - 4:50AM
UK Regulatory
TIDMPEY TIDMPEYS
RNS Number : 7328O
Princess Private Equity Holding Ltd
02 February 2023
News Release
Guernsey, 2 February 2023
NAV increases by 3.4% in December
-- Princess Private Equity Holding Limited's ("Princess" or the
"Company") net asset value increased by 3.4% to EUR 14.62 per
share, total NAV at EUR 1'011.3 million
-- Currency movements were negative (-0.4%) and portfolio revaluations were positive (+4.4%)
-- Princess received distributions of EUR 4.5 million
Princess' direct investments in PCI Pharma Services and
KinderCare were among the largest contributors to NAV growth during
December. PCI Pharma Services ("PCI"), a global provider of
outsourced pharmaceutical services based in the US, was positively
revalued on the back of strong financial performance. This was
mainly driven by continued organic growth across all of PCI's
business segments which comprise commercial packaging, clinical
services, and manufacturing development. The valuation of
KinderCare, the largest for-profit provider of early childhood
education and care services in the US, was also written up as a
result of its positive financial performance over the last
twelve-month period, with same center occupancy trending above
expectations and previous year occupancy levels. Over the course of
2022, KinderCare modernized its digital platform and addressed
consumer pain points.
Princess received distributions of EUR 4.5 million during the
month, including EUR 0.7 million in proceeds from a partial sale of
its shares in NYSE-listed MultiPlan, a US-based provider of cost
management solutions for healthcare payors.
The remaining balance of EUR 3.8 million was predominantly
received from the mature legacy fund portfolio.
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:
princess@partnersgroup.com
www.princess-privateequity.net
Registered Number: 35241
LEI: 54930038LU8RDPFFVJ57
Investor relations contact
Sarah Page
Phone: +44 20 7575 2695
Email: sarah.page@partnersgroup.com
Media relations contact
Jenny Blinch
Phone: +44 207 575 2571
Email: 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. 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 rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NAVSSLSUEEDSEEE
(END) Dow Jones Newswires
February 02, 2023 04:50 ET (09:50 GMT)
Partners Group Private E... (LSE:PEYS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Partners Group Private E... (LSE:PEYS)
Historical Stock Chart
From Jul 2023 to Jul 2024