(LSE: PEYS/PEY)
Princess Private Equity
Holding Limited
Changes to Board
composition
Princess Private Equity Holding
Limited today announces the following:
Mr Axel Holtrup has accepted an
invitation to join the Board as a Non-Executive Director with
effect from today.
Axel Holtrup currently serves as a
member of the Supervisory Board of Deutsche Beteiligungs AG (DBAG),
a publicly listed private equity firm focused on mid-market buyouts
in Germany. Additionally, his professional experience includes
serving as a Director at Silver Lake Partners for five years before
joining AEA Investors in 2011 as a Partner and Member of the Global
Management Committee. During his time at Silver Lake Partners, he
played a central role in establishing the European office and was
involved in several significant buy-out transactions, as well as a
range of LBO debt investments. Mr. Holtrup began his private equity
career with Investcorp in London, where he spent over eight years
leading European buy-outs. Throughout his career, he has served on
various portfolio company supervisory boards. Before entering the
private equity industry, Mr. Holtrup worked as a financial analyst
in the M&A department of Morgan Stanley in London and
Frankfurt.
Neither Axel nor any connected party
to Axel has any beneficial interest in shares of the Company at the
date of this announcement.
There are no further details
required to be disclosed pursuant to section 9.6.13 of the UKLA
Listing Rules.
Peter McKellar, Chair,
commented:
"I am delighted to welcome Axel
Holtrup to the Princess Board as our newest Non-Executive Director.
His experience of the listed private equity and European direct
private equity landscape will be of immense value. We believe that
Axel's skill set, deep industry knowledge, and perspectives will
benefit materially our Board and the Company. "
Axel Holtrup, Non-Executive
Director-elect, commented:
"I am honoured to join the Board of
Princess, and I am excited about the opportunity at an important
time for the Company to contribute my expertise and experience
towards its growth and success. I look forward to working closely
with the Board and the Investment Manager to support the strategic
vision and investment strategy, and to maximise shareholder
value."
Ends.
About
Princess
Princess is an investment holding company founded in
1999 and domiciled in Guernsey. It invests in private equity direct
investments. Princess is managed in its investment activities by
Partners Group, a global private markets investment management firm
with USD 147 billion in investment programs under management in
private markets, of which USD 76 billion is in private equity.
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
Investor relations contact:
Media
relations contact:
Sarah
Page
Jenny Blinch
Phone: +44 20 7575
2695
Phone:
+41 41 784 65 26
Email: sarah.page@partnersgroup.com
E-mail:
jenny.blinch@partnersgroup.com
Registered Number:
35241 LEI: 54930038LU8RDPFFVJ57
Notes:
1. Note that
references in this announcement to Princess
Private Equity Holding Limited have been
abbreviated to "Princess" or "Company". References to Partners
Group AG have been abbreviated to "Partners Group " or "Investment
Manager".
2. 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 Private Equity Holdings. 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 is not for distribution or publication, neither
directly nor indirectly, in or into the United States of America,
Canada, Australia or Japan.
3.
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.