REG - Princess Private Eq. Princess Priv E-PEYS - NAV increases by 0.4% in February

Partners Private EquityAnnouncement

31/03/2023 07:15

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RNS Number : 9149U  Princess Private Equity Holding Ltd  31 March 2023

(LSE: PEYS/PEY)

Princess Private Equity Holding Limited

 

NAV increases by 0.4% in February

 

 

·    Princess Private Equity Holding Limited's ("Princess" or the
"Company") net asset value increased by 0.4% to EUR 14.79 per share, total NAV
at EUR 1'022.49 million

·    Portfolio revaluations were positive (+0.7%) and currency movements
were positive (+0.1%)

·    Princess received distributions of EUR 5.8 million and invested EUR
3.2 million

 

In February, Princess received distributions of EUR 5.8 million, of which EUR
4.2 million was received from Apex International Corporation, a global
logistics company. The remaining balance of EUR 1.6 million was predominantly
received from Princess' direct private equity investments.

 

Princess invested a total of EUR 3.2 million, of which EUR 1.9 million was
invested in Rovensa, a leading provider of specialty crop nutrition,
biocontrol, and crop protection products, which completed its acquisition of
Cosmocel, a developer, manufacturer, and distributor of specialty biostimulant
solutions in North America. Cosmocel's geographic footprint and product
portfolio are highly complementary to Rovensa. This acquisition is anticipated
to generate cross-selling synergies and establish Rovensa as the leading
independent biosolutions company globally.

 

EUR 1.2 million was invested in Confluent Health ("Confluent"), a US-based
healthcare company focused on physical and occupational therapy, which
completed its acquisition of MOTION PT Group ("MOTION"), a physical therapy
practice group in the US. With this acquisition, Confluent will add density
to its existing geographic footprint. MOTION's unique business model, which
has diversified revenue streams, is also a strong fit with Confluent's growth
strategy.

 

FX hedging termination: Investors are reminded that the FX hedging contracts
are unwinding on 31 March 2023. Assuming FX hedges are terminated, the major
currency exposures(1) would be 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 estimated 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

Email: 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, assuming the FX hedges are
terminated. 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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