Princess Private Equity Holding Ltd NAV increases by 0.7% in January (5015R)
March 01 2023 - 4:45AM
UK Regulatory
TIDMPEY TIDMPEYS
RNS Number : 5015R
Princess Private Equity Holding Ltd
01 March 2023
News Release
Guernsey, 1 March 2023
NAV increases by 0.7% in January
-- Princess Private Equity Holding Limited's ("Princess" or the
"Company") net asset value increased by 0.7% to EUR 14.72 per
share, total NAV at EUR 1'017.97 million
-- Portfolio revaluations were positive (+1.1%) and currency movements were negative (-0.2%)
-- Princess received distributions of EUR 1.3 million
In January, Princess' net asset value increased by 0.7% and
continued its positive trend. One of the largest drivers was
Ammega, the global leader in mission critical belting solutions,
which saw its valuation increase over the period following robust
financial performance. The company continues to benefit from its
ongoing cost saving initiatives and key value creation
workstreams.
Global Blue, the leading provider of refund and foreign exchange
services for international travelers, also contributed positively
to this month's performance. The valuation of the NYSE-listed
company increased reflecting the ongoing recovery of travel volumes
globally. Global Blue reported improvements across all geographical
segments, especially in Europe and the US.
Princess received distributions of EUR 1.3 million during the
month, predominantly from the mature legacy fund portfolio and debt
investments.
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.
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END
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