PEY Princess Private Equity Holding Limited

TIDMPEY TIDMPEYS

RNS Number : 7737J

Princess Private Equity Holding Ltd

26 August 2021

News Release

Guernsey, 26 August 2021

NAV increases by 0.6% in July

-- Princess Private Equity Holding Limited's (Princess or the Company) net asset value increased by 0.6% to EUR 15.32 per share

   --    Portfolio developments (+1.5%) were positive while currency movements were flat 
   --    Princess received distributions of EUR 265.6 million and invested EUR 15.1 million 

Princess received distributions of EUR 265.6 million during the month, the majority of which stemmed from International Schools Partnership ("ISP") and GlobalLogic.

EUR 142.7 million was received from ISP, following an agreement for OMERS, the defined benefit pension plan for municipal employees in the Province of Ontario , to acquire a minority stake in the business. Partners Group formed UK-headquartered ISP in 2013 with the intention of creating a leading international school group through a buy-and-build strategy, capitalizing on the opportunities for consolidation in the K-12 school market. Today, ISP is the fifth largest K-12 international school group globally, operating 50 schools across 15 countries and serving more than 45,000 pupils. As part of the transaction, Princess reduced its exposure to ISP but re-invested EUR 15.1 million to participate in the future growth of the business.

EUR 108.0 million was received from the sale of GlobalLogic, a leader in design-led digital engineering services , to Japanese conglomerate Hitachi. The transaction valued GlobalLogic at an enterprise value of USD 9.5 billion. During its holding period, Partners Group worked with the company on several transformational value creation initiatives to drive growth. Key initiatives included increasing the size of the Company's top accounts and introducing a more targeted sales strategy in certain customer segments, including the development of a private equity-focused sales channel . GlobalLogic also completed four strategic acquisitions, including three in Europe. Additionally, Partners Group enhanced GlobalLogic's focus on environmental, social, and governance ("ESG") initiatives, helping it establish a dedicated ESG function focused on refining and implementing its ESG strategy going forward.

The remaining distributions of EUR 14.9 million were received from the Company's legacy fund portfolio and senior loans.

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 119 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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August 26, 2021 02:00 ET (06:00 GMT)

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