REG - Princess Private Eq. Princess Priv E-PEYS - Princess Q1 2023 results presentation

Partners Private EquityAnnouncement

23/05/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230523:nRSW3250Aa&default-theme=true

RNS Number : 3250A  Princess Private Equity Holding Ltd  23 May 2023

(LSE: PEYS/PEY)

Princess Private Equity Holding Limited

 

Princess Q1 2023 results presentation

Princess to relaunch investment activity

 

 

Princess Q1 2023 results presentation

Princess will hold a quarterly investor update today Tuesday, 23 May 2023, at
10:00 BST / 11:00 CEST. During the webcast, Partners Group, the Investment
Manager to Princess, will give an update on the recent developments of the
Princess portfolio based on unaudited figures as of 31 March 2023. Please find
the registration details below or on the Company's webpage.

 

 Date:           Tuesday, 23 May 2023

 Time:           10:00 - 11:00 BST (Dublin, London)

                 11:00 - 12:00 CEST (Zürich, Frankfurt)

 Webcast:        To access the live webcast please use this LINK
                 (https://media.choruscall.eu/mediaframe/webcast.html?webcastid=7iW6sFcW) .

 Phone numbers:  +44 (0)207 107 06 13 (from the UK)

                 +41 (0)58 310 50 00 (from Continental Europe)

                 All lines will be open 10 minutes prior to the beginning of the conference
                 call.

                 Other international numbers available HERE
                 (https://nam10.safelinks.protection.outlook.com/?url=https%3A%2F%2Fservices3.choruscall.ch%2FNUMBERS%2FAttended_Dial_In_Numbers.pdf&data=05%7C01%7Cmnatiello%40choruscall.com%7Cc534875ee39246377af808db400988c1%7Cb33d8fee5ac94ed69e4d5ad041ecfd21%7C0%7C0%7C638174182417149748%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=PYh91yRIJa010oq%2FrfI8six6ENA129jb6ILT%2BdfHQ8M%3D&reserved=0)
                 .

 

The results presentation is now available
at: https://www.princess-privateequity.net/en/investor-relations/web-cast-live-events/
(https://www.princess-privateequity.net/en/investor-relations/web-cast-live-events/)
.

 

Princess to relaunch investment activity

The board of Princess is pleased to announce the Company is relaunching its
investment activity. Princess will commit EUR 30 million into Partners Group
Direct Equity V. The fund will be focused on acquiring a globally diversified
private equity portfolio targeting high quality mid-market companies where
Partners Group has formed the conviction that it can lead a proactive value
creation and entrepreneurial governance approach to improve and transform
those companies.

With this new commitment, Princess will gain exposure to four private equity
Lead(1) investments, two of which are new to Princess which were made by
Partners Group in the last few months. The new seed investments are SureWerx,
a leading North American manufacturer and supplier of safety gear and
equipment, and Cloudflight, a leading digital transformation services
provider in the DACH region. At the same time, the Princess portfolio will
gain additional exposure to Breitling, the Swiss, high quality, neo-luxury
watchmaker, and Foundation Risk Partners, an independent insurance broker
assisting businesses and individuals navigate the intricate US insurance
landscape. Over the investment period, Partners Group Direct Equity V is
aiming to have approximately 25 companies in its portfolio.

Moreover, Princess plans to invest in additional Direct(2) Lead investments
this year by investing alongside the Partners Group platform to give investors
access to middle market businesses in sectors with strong growth
characteristics.

Active growth is key in a new era with higher rates and without valuation
tailwinds.

Richard Battey, Chairman comments: "This commitment announced today is in line
with the Princess strategy to have a majority of the portfolio in Partners
Group Lead Investments which the investment manager believes offers the most
attractive growth profiles in a new era with higher rates and without
valuation tailwinds. It will also allow the Princess portfolio to be further
diversified by geography and vintage. I am pleased to see investment activity
in the portfolio gaining traction again."

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.     Lead investments are those investments where Partners Group hold a
controlling interest or share control with commensurate board representation
in the portfolio company.

2.     Direct investments are those investments where Princess holds an
interest in a portfolio company, either directly or through a Partners Group
fund.

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.

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCKZGZKKFZGFZG