Princess Private Equity Holding Ltd NAV increases by 0.5% in November (7264X)
23 Diciembre 2019 - 1:00AM
UK Regulatory
TIDMPEY TIDMPEYS
RNS Number : 7264X
Princess Private Equity Holding Ltd
23 December 2019
News Release
Guernsey, 23 December 2019
NAV increases by 0.5% in November
-- Princess Private Equity Holding Limited's (Princess) net
asset value increased by 0.5% to EUR 11.88 per share, net of the
second interim dividend of EUR 0.29 per share
-- Portfolio developments (+0.8%) were positive and currency movements flat
-- Princess invested EUR 0.8 million during the month and
received distributions of EUR 7.2 million
Princess invested EUR 0.7 million in an add-on investment in
SHL, a leading global psychometric testing provider. Capital was
used to support SHL's acquisition of Aspiring Minds, an
India-headquartered company which provides a range of talent
assessment and measurement solutions such as workplace, technology,
coding and language skill assessments. Aspiring Minds is considered
an attractive investment due to its leading market position in
India, which supports SHL's geographic expansion into the region.
Furthermore, the company has complementary assessments in the
coding and language verticals, which can be integrated into SHL's
business proposition, enabling it to win larger contracts. Going
forward, SHL will combine its data pool with Aspiring Minds' AI
expertise to develop new products, as well as cross- and up-sell
products to the existing customer base of the combined entity.
Princess received distributions of EUR 7.2 million during the
month, predominantly from the mature legacy fund portfolio. EUR 1.0
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.
In November, Partners Group agreed to sell its equity stake in
Action, Europe's leading non-food discount retailer. The stake will
be acquired by Hellman & Friedman, a US-headquartered private
equity firm. Alongside other funds managed and/or advised by
Partners Group, Princess will fully realize its investment in
Action at a marginal uplift to the 31 October 2019 carrying value.
The exit valuation has been reflected in Princess' net asset value
as of 30 November 2019.
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
STRFEFFMSFUSEIE
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December 23, 2019 02:00 ET (07:00 GMT)
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