Princess Private Equity Holding Ltd NAV increases by 0.8% in May (3903D)
26 Junio 2019 - 01:00AM
UK Regulatory
TIDMPEY TIDMPEYS
RNS Number : 3903D
Princess Private Equity Holding Ltd
26 June 2019
News Release
Guernsey, 26 June 2019
NAV increases by 0.8% in May
-- Princess Private Equity Holding Limited's (Princess) net
asset value increased by 0.8% to EUR 11.38 per share, net of the
interim dividend of EUR 0.29 per share
-- Portfolio developments (+1.1%) were positive and currency movements flat
-- Princess received distributions of EUR 7.0 million and
invested EUR 0.2 million during the month
Princess received distributions of EUR 7.0 million during the
month, of which EUR 6.2 million stemmed from the mature legacy fund
portfolio.
The investment Permotio International Learning (Permotio) was
the largest contributor to NAV growth during May. Permotio, an
investment vehicle formed to create a leading international schools
group through a 'buy and build' strategy, was positively revalued
on the back of strong financial performance. For the twelve months
ended 31 March 2019, revenue increased by 65.2% year on year to EUR
190.7 million and adjusted EBITDA grew 132.0% over the same period
to EUR 65.5 million. This was primarily attributable to add-on
investments, which included the three US-based schools BRIS,
Broward, and Bellevue, Claremont in the UK, St George in Spain, PdV
in Chile, TAE in Mexico, St Jude in Costa Rica and Tenby and APS in
Malaysia as well as the strong organic growth of the existing
schools within the platform.
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
STRPGUMWQUPBGCA
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June 26, 2019 02:00 ET (06:00 GMT)
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