Princess Private Equity Holding Ltd Princess publishes February NAV (6379H)
26 Marzo 2020 - 01:00AM
UK Regulatory
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
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