TIDMPEY TIDMPEYS

RNS Number : 6379H

Princess Private Equity Holding Ltd

26 March 2020

News Release

Guernsey, 26 March 2020

Princess publishes February NAV

-- Princess Private Equity Holding Limited's (Princess) net asset value decreased by 1.0% to EUR 12.47 per share

   --    Portfolio developments (-0.8%) were negative and currency movements flat 

-- Princess invested EUR 13.9 million during the month and received distributions of EUR 11.1 million

In conjunction with the publication of this report, the Company has published a statement on its response to COVID-19, which can be accessed here .

The Company's NAV as at 29 February 2020 does not reflect the impact of the declines in equity markets witnessed during March. These declines are expected to put downward pressure on the valuation multiples used to value the Company's portfolio companies and will be reflected in the publication of the NAV as at 31 March 2020.

Princess invested a total of EUR 13.9 million during the month of February, of which EUR 13.8 million was invested in EyeCare Partners, the largest vertically integrated medical vision services provider in the US. EyeCare Partners has an extensive network of full scope medical optometry and ophthalmology practices in 521 locations across 15 states in the US. The company offers patients end-to-end services covering medical optometry, ophthalmology and sub-specialties and vision correction products. The non-discretionary nature of vision services drives stable and recurring revenue and provides recession-resistant characteristics. Following the acquisition, Partners Group will work closely with EyeCare Partners to support its M&A activity to enter new markets, expand market reach and scale-up in existing markets.

Princess received distributions of EUR 11.1 million during the month, predominantly from the mature legacy fund portfolio and the realization of debt investments.

Further information is available in the monthly report, which can be accessed via: http://www.princess-privateequity.net/financialreports .

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 USD 94 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

STRUVOARRBUOUUR

(END) Dow Jones Newswires

March 26, 2020 03:00 ET (07:00 GMT)

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