REG - Princess Private Eq. Princess Priv E-PEYS - NAV increases by 3.4% in December

Partners Private EquityAnnouncement

02/02/2023 10:00

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RNS Number : 7328O  Princess Private Equity Holding Ltd  02 February 2023

News Release

 

Guernsey, 2 February 2023

 

NAV increases by 3.4% in December

 

·      Princess Private Equity Holding Limited's ("Princess" or the
"Company") net asset value increased by 3.4% to EUR 14.62 per share, total NAV
at EUR 1'011.3 million

·      Currency movements were negative (-0.4%) and portfolio
revaluations were positive (+4.4%)

·      Princess received distributions of EUR 4.5 million

 

Princess' direct investments in PCI Pharma Services and KinderCare were among
the largest contributors to NAV growth during December. PCI Pharma Services
("PCI"), a global provider of outsourced pharmaceutical services based in the
US, was positively revalued on the back of strong financial performance. This
was mainly driven by continued organic growth across all of PCI's business
segments which comprise commercial packaging, clinical services, and
manufacturing development. The valuation of KinderCare, the largest for-profit
provider of early childhood education and care services in the US, was also
written up as a result of its positive financial performance over the last
twelve-month period, with same center occupancy trending above expectations
and previous year occupancy levels. Over the course of 2022, KinderCare
modernized its digital platform and addressed consumer pain points.

 

Princess received distributions of EUR 4.5 million during the month, including
EUR 0.7 million in proceeds from a partial sale of its shares in NYSE-listed
MultiPlan, a US-based provider of cost management solutions for healthcare
payors.

 

The remaining balance of EUR 3.8 million was predominantly received from the
mature legacy fund portfolio.

 

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

 

Registered Number: 35241

 

LEI: 54930038LU8RDPFFVJ57

 

Investor relations contact

Sarah Page

Phone: +44 20 7575 2695

Email: sarah.page@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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