TIDMPEY TIDMPEYS
RNS Number : 3250A
Princess Private Equity Holding Ltd
23 May 2023
(LSE: PEYS/PEY)
Princess Private Equity Holding Limited
Princess Q1 2023 results presentation
Princess to relaunch investment activity
Princess Q1 2023 results presentation
Princess will hold a quarterly investor update today Tuesday, 23
May 2023, at 10:00 BST / 11:00 CEST. During the webcast, Partners
Group, the Investment Manager to Princess, will give an update on
the recent developments of the Princess portfolio based on
unaudited figures as of 31 March 2023. Please find the registration
details below or on the Company's webpage.
Date: Tuesday, 23 May 2023
Time: 10:00 - 11:00 BST (Dublin, London)
11:00 - 12:00 CEST (Zürich, Frankfurt)
Webcast: To access the live webcast please use this
LINK .
Phone numbers: +44 (0)207 107 06 13 (from the UK)
+41 (0)58 310 50 00 (from Continental Europe)
All lines will be open 10 minutes prior to
the beginning of the conference call.
Other international numbers available HERE
.
The results presentation is now available at:
https://www.princess-privateequity.net/en/investor-relations/web-cast-live-events/
.
Princess to relaunch investment activity
The board of Princess is pleased to announce the Company is
relaunching its investment activity. Princess will commit EUR 30
million into Partners Group Direct Equity V. The fund will be
focused on acquiring a globally diversified private equity
portfolio targeting high quality mid-market companies where
Partners Group has formed the conviction that it can lead a
proactive value creation and entrepreneurial governance approach to
improve and transform those companies.
With this new commitment, Princess will gain exposure to four
private equity Lead(1) investments, two of which are new to
Princess which were made b y Partners Group in the last few months.
The new seed investments are SureWerx, a leading North American
manufacturer and supplier of safety gear and equipment , and
Cloudflight, a l eading digital transformation services provider in
the DACH region . At the same time, the Princess portfolio will
gain additional exposure to Breitling, the Swiss, high quality,
neo-luxury watchmaker, and Foundation Risk Partners, an independent
insurance broker assisting businesses and individuals navigate the
intricate US insurance landscape. Over the investment period,
Partners Group Direct Equity V is aiming to have approximately 25
companies in its portfolio.
Moreover, Princess plans to invest in additional Direct(2) Lead
investments this year by investing alongside the Partners Group
platform to give investors access to middle market businesses in
sectors with strong growth characteristics.
Active growth is key in a new era with higher rates and without
valuation tailwinds.
Richard Battey, Chairman comments: "This commitment announced
today is in line with the Princess strategy to have a majority of
the portfolio in Partners Group Lead Investments which the
investment manager believes offers the most attractive growth
profiles in a new era with higher rates and without valuation
tailwinds. It will also allow the Princess portfolio to be further
diversified by geography and vintage. I am pleased to see
investment activity in the portfolio gaining traction again."
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 managed in its investment
activities by Partners Group, a global private markets investment
management firm with USD 135 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
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
Footnotes:
1. Lead investments are those investments where Partners Group
hold a controlling interest or share control with commensurate
board representation in the portfolio company.
2. Direct investments are those investments where Princess holds
an interest in a portfolio company, either directly or through a
Partners Group fund.
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.
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