Princess Private Equity (LSE:PEYS)
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6 Meses : De Ago 2019 a Feb 2020
RNS Number : 9994O
Princess Private Equity Holding Ltd
07 October 2019
Guernsey, 7 October 2019
Partners Group to exit Vermaat Groep B.V., the Dutch market leader in outsourced catering and hospitality services
Partners Group, the investment advisor to Princess Private Equity Holding Limited (Princess), has agreed the sale of Vermaat Groep B.V. ("Vermaat" or the "Company"), the Dutch market leader in high-end catering and hospitality services, on behalf of its clients. The Company will be acquired by Bridgepoint, an international private equity group, subject to approval from the Dutch Works Council and other regulatory bodies.
Princess will fully-realize its investment in Vermaat and will receive estimated proceeds of EUR 17.8 million. This compares to a carrying value of EUR 14.0 million at 31 August 2019.
Further information is available in the press release issued by Partners Group:
Link to PG press release
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).
Princess Private Equity Holding Limited:
Registered Number: 35241
Investor relations contact
Phone: +44 (0)20 7575 2771
Media relations contact
Phone: +44 207 575 2571
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) Dow Jones Newswires
October 07, 2019 06:27 ET (10:27 GMT)