Princess Private Equity Holding Ltd NAV increases by 3.1% in August (0509A)
25 Septiembre 2020 - 01:00AM
UK Regulatory
TIDMPEY TIDMPEYS
RNS Number : 0509A
Princess Private Equity Holding Ltd
25 September 2020
News Release
Guernsey, 25 September 2020
NAV increases by 3.1% in August
-- Princess Private Equity Holding Limited's (Princess) net
asset value increased by 3.1% to EUR 12.49 per share
-- Portfolio developments were positive (+3.6%) and currency movements were negative (-0.1%)
-- Princess invested EUR 0.5 million during the month and
received distributions of EUR 2.5 million
In August, Princess' NAV increased in value by 3.1%. Amongst the
largest contributors to performance was PCI Pharma Services (PCI)
for which the sale of a majority equity stake was agreed during
August. Following the sale, Princess, alongside other Partners
Group-managed funds, will retain a meaningful minority equity stake
in PCI. Partners Group acquired a majority stake in PCI, a US-based
provider of outsourced pharmaceutical services, in June 2016.
During the last four years, its investment and industry value
creation teams have worked alongside the company's management team
to further establish PCI as a strategic partner to the
pharmaceutical industry. Value creation initiatives included an
expansion in high-growth, high-value capabilities such as clinical
trial services and complex molecule and biologics commercial
packaging capabilities, a focus on operational excellence and a
number of bolt-on acquisitions. Under Partners Group's ownership,
PCI's EBITDA increased by 15.6% CAGR. During the COVID-19 global
health crisis, PCI proved itself as an essential partner in the
pharmaceutical supply chain, supporting its pharmaceutical and
biotech customers across drug development and commercialization to
address the health crisis.
Additional EUR 0.5 million was provided to portfolio company SPi
Global, a leading business process outsourcing services provider,
which acquired a majority stake in LearningMate, a
business-to-business e-learning solutions provider based in New
Jersey. Founded in 2003, LearningMate has a strong global presence
and employs over 700 ed-tech professionals across six countries.
The company has built a unique position and brand through its focus
on innovation and digital technologies, serving clients from K-12,
higher education and corporate training sectors. Furthermore, the
ed-tech and online learning space is supported by strong tailwinds,
especially in light of the recent pandemic-driven disruptions.
Leveraging on complementary strengths, the partnership will help
generate synergies for both companies and create greater value for
their customers.
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.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NAVUSVORRAUKUAR
(END) Dow Jones Newswires
September 25, 2020 02:00 ET (06:00 GMT)
Princess Private Equity (LSE:PEYS)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
Princess Private Equity (LSE:PEYS)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024