Princess Private Equity Holding Ltd Partners Group to sell stake in Action (6008T)
15 Noviembre 2019 - 05:09AM
UK Regulatory
TIDMPEY TIDMPEYS
RNS Number : 6008T
Princess Private Equity Holding Ltd
15 November 2019
News Release
Guernsey, 15 November 2019
Partners Group to sell stake in Action, Europe's leading
non-food discount retailer, to Hellman & Friedman
Partners Group, the global private markets investment manager,
has agreed to sell its minority equity stake in Action ("the
Company"), Europe's leading, non-food discount retailer, on behalf
of its clients. The stake will be acquired by Hellman &
Friedman, a leading private equity investment firm. Partners Group
has held its position in the Company, on behalf of its clients,
since 2011.
Further information is available in the press release issued by
Partners Group:
Link to PG press release
Alongside other funds managed and/or advised by Partners Group,
Princess will fully realise its investment in Action. The
transaction values Action at an enterprise value of EUR 10.25
billion and represents a marginal uplift to the 30 September 2019
valuation.
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
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