Princess Private Equity Holding Ltd NAV increases by 2.3% in July (2477X)
27 Agosto 2020 - 1:00AM
UK Regulatory
TIDMPEY TIDMPEYS
RNS Number : 2477X
Princess Private Equity Holding Ltd
27 August 2020
News Release
Guernsey, 27 August 2020
NAV increases by 2.3% in July
-- Princess Private Equity Holding Limited's (Princess) net
asset value increased by 2.3% to EUR 12.12 per share net of the
first interim dividend of EUR 0.145 per share
-- Portfolio developments were positive (+3.4%) and currency movements were negative (-0.8%)
-- Princess invested EUR 1.1 million during the month and
received distributions of EUR 0.6 million
In July, Princess' NAV increased in value by 2.3%. The largest
contributor to the favorable performance was CPA Global. The Jersey
based company is the global leader in patent renewals services as
well as intellectual property software and tech-enabled services.
CPA Global was written up after signing a definitive agreement to
combine with Clarivate Analytics, an information services and
analytics company listed on the New York Stock Exchange, in an
all-stock transaction. CPA shareholders will receive shares in
Clarivate following the closing of the transaction which is
expected to take place in Q4 2020. The transaction results in an
uplift of 37% compared to CPA Global's June carrying value.
In addition, GlobalLogic, a U.S. based provider of outsourced
software product engineering services contributed positively to
this month's performance. The Company reported a year-over-year
increase in EBITDA of over 20% due to continued growth with both
current and new customers. In addition to organic growth,
GlobalLogic continues to pursue its M&A strategy to strengthen
its position in high-growth verticals. In Q2, GlobalLogic acquired
Meelogic Consulting, a German-based software engineering services
firm with expertise in healthcare, automotive and other key
industries. The acquisition also bolsters GlobalLogic's delivery
footprint in strategic European geographies.
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 96 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.
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END
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August 27, 2020 02:00 ET (06:00 GMT)
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