REG - Princess Private Eq. Princess Priv E-PEYS - NAV increases by 0.3% in March

Partners Private EquityAnnouncement

02/05/2023 07:00

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RNS Number : 9772X  Princess Private Equity Holding Ltd  02 May 2023

(LSE: PEYS/PEY)

Princess Private Equity Holding Limited

 

NAV increases by 0.3% in March

 

 

·    Net asset value increased by 0.3% to EUR 14.83 per share, total NAV
at EUR 1'025.21 million

·    Portfolio revaluations were positive (+0.5%) and currency movements
were negative (-0.3%)

 

In March, Princess' NAV continued to develop positively and increased by 0.3%.
The main contributor to the positive performance was KinderCare, the largest
for-profit provider of early childhood education and care services in the US,
whose valuation increased over the first quarter of 2023. Over the last
twelve-month period ending January 2023, KinderCare reported double-digit
growth in revenue and EBITDA, mainly attributable to strong enrolment rates.

 

Post-month end, on 19 April, the Board of Directors announced a first interim
dividend of EUR 0.365 per share for FY 2023, in-line with previous guidance
to distribute 5% of opening net asset value for each financial year, via
semi-annual payments. The first interim dividend will be paid on 02 June 2023,
with the corresponding ex-dividend date being 27 April 2023.

 

FX hedging termination: Investors are reminded that the FX hedging contracts
unwound on 31 March 2023. The major currency exposures(1) are EUR: 45%, USD:
43% and Other: 12%. Please access the Company
(https://www.princess-privateequity.net/en/portfolio/Currency-exposure/) '
(https://www.princess-privateequity.net/en/portfolio/Currency-exposure/) s
website
(https://www.princess-privateequity.net/en/portfolio/Currency-exposure/) for
detailed information regarding the currency exposure.

 

 

Further information is available in the monthly report, which can be accessed
via:
http://www.princess-privateequity.net/en/investor-relations/financial-reports/.

 

 

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 135
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

 

 Investor relations contact:            Media relations contact:

 Sarah Page                             Jenny Blinch

 Phone: +44 20 7575 2695                Phone: +41 41 784 65 26

 E-mail: sarah.page@partnersgroup.com   E-mail: jenny.blinch@partnersgroup.com

 

Registered Number: 35241   LEI: 54930038LU8RDPFFVJ57

Footnotes:

1.     Based on NAV. Figures are subject to estimates and rounding. Net
currency exposure as per reporting date. The net currency exposure is
calculated looking through Partners Group programs. Diversification does not
ensure a profit or protect against a loss; the portfolio composition may
change over time.

Notes:

1.     Note that references in this announcement to Princess Private
Equity Holding Limited have been abbreviated to "Princess" or "Company".
References to Partners Group AG have been abbreviated to "Partners Group " or
"Investment Manager".

2.     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
Private Equity Holdings. 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 is not for distribution or publication, neither
directly nor indirectly, in or into the United States of America, Canada,
Australia or Japan.

3.     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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