REG - Princess Private Eq. Princess Priv E-PEYS - Princess publishes Annual Report 2022

Partners Private EquityAnnouncement

21/03/2023 07:00

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RNS Number : 6857T  Princess Private Equity Holding Ltd  21 March 2023

(LSE: PEYS/PEY)

Princess Private Equity Holding Limited

 

Princess publishes Annual Report 2022

 

 

Princess Private Equity Holding Limited today published its Annual Report for
2022. The key financial highlights were:

 

·    Net asset value ("NAV") at 31 December 2022 was EUR 14.62 per share,
representing a total return of -1.6% for the year.

·    Princess paid a total dividend of EUR 0.38 per share during the year.
For 2023, the Company intends to distribute 5% of the opening NAV via
semi-annual payments in June and December.

·    Realizations amounted to EUR 109.2 million(1), including the exit of
Voyage Care and partial exit of USIC.

·    Investment activity totaled EUR 156.7 million in new and add-on
investments in several portfolio companies.

Richard Battey, Chairman comments: "The recalibration of the global investment
environment in 2022 resulted in downward pressure on valuations. Despite
valuation multiples coming down, Princess' portfolio was supported by strong
underlying operational performance of its portfolio companies, which
underscores the high-quality assets as well as emphasizes the investment
thesis of long-term sustainable growth in resilient and growing sub-sectors.
In 2023 the Investment Manager believes that the demanding market environment
can offer potentially strong investment opportunities, particularly given its
approach which emphasises hands-on value creation at the portfolio company
level. My fellow Directors and I trust that shareholders continue to recognize
the potential of Princess and the opportunity to participate in the
sustainable long-term growth of leading private market businesses."

A detailed analysis and commentary on the developments of Princess during 2022
is presented in the Annual Report published today, which can be accessed via:
https://www.princess-privateequity.net/en/investor-relations/financial-reports/
(https://www.princess-privateequity.net/en/investor-relations/financial-reports/)

A copy of the Annual Report has been submitted to the National Storage
Mechanism and will shortly be available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdata.fca.org.uk%2F%23%2Fnsm%2Fnationalstoragemechanism&data=02%7C01%7Cphilippe.vuillaume%40partnersgroup.com%7C9921b2a94ca84f80abd008d83e0034f3%7C0bcc0075229d4973b0c30ef63eb9c51f%7C0%7C0%7C637327517903944751&sdata=7xdHtTc7SAh63in9nIZT0csRmMwIWJIIjmp6yNOLWDo%3D&reserved=0)

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

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

 

Registered Number: 35241   LEI: 54930038LU8RDPFFVJ57

Footnotes:

1.     The realizations do not include redemptions from the related fund
which invests in Senior Loans. Figure including these proceeds would be: EUR
241.4 million

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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