Princess Private Equity Holding Ltd NAV increases by 5.6% in April (9843N)
27 Mayo 2020 - 1:00AM
UK Regulatory
TIDMPEY TIDMPEYS
RNS Number : 9843N
Princess Private Equity Holding Ltd
27 May 2020
News Release
Guernsey, 27 May 2020
NAV increases by 5.6% in April
-- Princess Private Equity Holding Limited's (Princess) net
asset value increased by 5.6% to EUR 11.31 per share
-- Portfolio developments (+6.2%) were positive and currency movements were flat
-- Princess invested EUR 0.2 million during the month and
received distributions of EUR 0.9 million
In April, Princess' NAV partially recovered from the sharp
decline in March and increased in value by 5.6%. After the negative
revaluations in March, which fully reflected the correction
observed in public markets during the month, markets recovered some
ground in April which had a positive impact on the valuations of a
number of Princess' portfolio companies at April month-end.
The largest contributor to the positive performance in April was
Techem, a leading German sub-metering service provider. Techem
operates in a non-cyclical market and has a proven track record of
growth and recession resilience with over 80% of Techem's revenues
underpinned by long-term contracts. Techem continues to monitor the
potential impact of COVID-19 on its business and results of
operations.
Following the imposition of lockdown measures by governments
around the world, Partners Group's focus has been on supporting
portfolio companies and their employees, ensuring companies
maintain sufficient liquidity and implementing short-term cost
reduction measures where necessary. These actions have been
effective in preserving value in the portfolio during this
challenging period. With many countries slowly easing their
lockdowns, Princess' affected portfolio companies are also
re-opening their businesses according to the local policies.
Partners Group maintains its focus on supporting portfolio
companies as they emerge from lockdown and remains confident in the
long-term outlook for the portfolio.
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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May 27, 2020 02:00 ET (06:00 GMT)
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