Princess Private Equity Holding Ltd NAV increases by 1.2% in May (0631D)
25 Junio 2021 - 1:00AM
UK Regulatory
TIDMPEY TIDMPEYS
RNS Number : 0631D
Princess Private Equity Holding Ltd
25 June 2021
News Release
Guernsey, 25 June 2021
NAV increases by 1.2% in May
-- Princess Private Equity Holding Limited's (Princess or the
Company) net asset value increased by 1.2% to EUR 14.54 per
share
-- Portfolio developments (+1.6%) were positive while currency movements were negative (-0.2%)
-- Princess received distributions of EUR 12.2 million
In May, Princess' NAV increased by 1.2%. The positive
performance was driven by a number of portfolio companies, with the
largest contribution from SRS Distribution (SRS), a US distributor
of roofing products. The value of SRS has been written up following
a period of strong financial performance. SRS acquired Arrowhead
Building Supply, a distributor of residential and commercial
roofing, siding, and other related products in May. Arrowhead
Building Supply is one of the largest independent roofing
distributors in the Midwest and is expected to make an excellent
addition to the footprint SRS has in the region.
During the month Princess received distributions of EUR 12.2
million, of which EUR 7.7 million stemmed from the sale of BarBri,
a US-based provider of bar exam preparation services. Following
strategic product investments and a number of acquisitions in
recent years, Barbri now provides a comprehensive product suite
addressing the complete legal education lifecycle.
Further, Princess received a distribution of EUR 3.6 million
from United States Infrastructure Corporation (USIC), a US-based
provider of underground utility locating services. Partners Group
continues to work closely with USIC to expand its utility solutions
offering. The company is targeting the launch of select services
into new markets over the coming year, while continuing with its
acquisition strategy.
The remaining balance was received predominantly from Princess'
mature legacy fund portfolio.
Further information is available in the monthly report, which
can be accessed via:
http://www.princess-privateequity.net/en/investor-relations/financial-reports/.
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 109 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 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.
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END
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