Princess Private Equity Holding Ltd NAV increases by 2.3% in June (5328G)
24 Julio 2019 - 1:01AM
UK Regulatory
TIDMPEY TIDMPEYS
RNS Number : 5328G
Princess Private Equity Holding Ltd
24 July 2019
News Release
Guernsey, 24 July 2019
NAV increases by 2.3% in June
-- Princess Private Equity Holding Limited's (Princess) net
asset value increased by 2.3% to EUR 11.64 per share
-- Portfolio developments (+2.9%) were positive and currency movements negative (-0.4%)
-- Princess invested EUR 13.5 million during the month and
received distributions of EUR 2.6 million
Princess invested a total of EUR 13.5 million in June, of which
EUR 5.4 million was invested in Confluent Health. Headquartered in
Louisville, Kentucky, Confluent is one of the largest (by number of
clinics) independent outpatient physical therapy (PT) service
providers in the US, with over 2'000 employees and 198 operating
clinics. Confluent Health is considered an attractive investment
given its position as a leading PT player in a fragmented market,
with the top 15 clinics representing just 12% of total clinics in
the US. Confluent is expected to benefit from long term industry
tailwinds driven by an aging population with chronic conditions.
Following the acquisition, Partners Group will work closely with
Confluent's management team on opening new locations and driving
same-store growth. The company will also continue to execute its
M&A strategy through bolt-on acquisitions and selective larger
strategic acquisitions.
EUR 7.9 million was invested in Idera as part of a minority
equity recapitalization alongside existing investors. The
Houston-based company is a provider of on premise and cloud-based
infrastructure software solutions used for testing, application
development, and database architecture and management. The company
has over 50'000 customers worldwide in industries spanning
education, energy, financial, government, healthcare,
manufacturing, media, retail and technology.
Princess received distributions of EUR 2.6 million during the
month, of which EUR 1.1 million stemmed from the ongoing sale of
shares in Ceridian HCM, following the company's listing on the New
York Stock Exchange in April 2018.
A number of investments had a positive impact on NAV performance
in June, including Action, Foncia and Vishal Mega Mart. Action, a
leading European non-food discount retailer, was revalued
positively on the back of continued solid financial results. The
healthy financial performance was driven by strong like-for-like
sales growth and by the company's expansion plans. Foncia, a
leading provider of property management and real estate services
based in France, saw its revenue increase by 4.5% year on year to
EUR 892.2 million while EBITDA increased by 15.2% to EUR 197.2
million, due to improved performance in its core business of
residential real estate services and growth of its international
business. Vishal Mega Mart, a leading chain of Indian hypermarkets,
reported robust growth in EBITDA year on year. The growth was
primarily attributable to the rollout of over 50 new franchisee
stores during the financial year taking the total number of stores
to over 300, as well as strong same-store sales growth.
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 80 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
STREASXLAFPNEEF
(END) Dow Jones Newswires
July 24, 2019 02:01 ET (06:01 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