PEYS Princess Private Equity Holding Limited

TIDMPEY TIDMPEYS

RNS Number : 8487T

Princess Private Equity Holding Ltd

25 March 2019

News Release

Guernsey, 25 March 2019

NAV increases by 1.8% in February

-- Princess Private Equity Holding Limited's (Princess) net asset value increased by 1.8% to EUR 11.15 per share

-- Portfolio developments (+2.2%) were positive while currency movements were slightly positive (0.1%)

-- Princess received distributions of EUR 7.5 million while there was no investment activity during the month

Princess received distributions of EUR 7.5 million during the month, predominantly from the mature legacy fund portfolio. There were no new investments made during the month.

The largest value drivers during the month were the investments in Global Logic and Action. GlobalLogic, a global provider of software product engineering services, reported double-digit growth in both its revenue and EBITDA for the twelve months ended 31 December 2018. The robust financial performance was driven by a number of new customer contracts in addition to increased sales to existing clients.

Princess' largest holding, Action, a European non-food discount retailer also reported strong financial results with an increase in operating EBITDA to EUR 450 million in 2018, an increase of 16.3% compared to previous year. The performance mainly stems from top-line growth with consolidated net sales having increased by 23.3% to EUR 4,216 million. This increase was supported by the opening of 230 new stores over the course of 2018.

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 73 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

George Crowe

Phone: +44 (0)20 7575 2771

Email: george.crowe@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.

END

STRSEMSMIFUSELD

(END) Dow Jones Newswires

March 25, 2019 03:01 ET (07:01 GMT)

Princess Private Equity (LSE:PEYS)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024

Princess Private Equity (LSE:PEYS)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024