REG - Princess Private Eq. Princess Priv E-PEYS - NAV increases by 0.8% in January

Princess Private Equity HoldingAnnouncement

04/03/2024 07:00

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RNS Number : 4279F  Princess Private Equity Holding Ltd  04 March 2024

(LSE: PEYS/PEY)

Princess Private Equity Holding Limited

 

NAV increases by 0.8% in January

 

 

·    Net asset value increased by 0.8% to EUR 14.27 per share; total NAV
at EUR 986.7 million

·    Currency movements contributed 0.9%, while value creation added 0.2%

·    Princess invested EUR 2.4 million and received distributions of EUR
1.4 million

·    Partial repayment of credit facility to minimize financing cost on
drawn down balance

 

Princess invested EUR 2.4 million, of which EUR 1.9 million was provided as
additional capital to EyeCare Partners, one of the largest clinically
integrated medical vision services providers in the US, and International
Schools Partnership, a leading global K-12 schools group. The additional
capital will be used to support operations and acquisition pipelines. The
remaining EUR 0.5 million was deployed in additional investments across the
portfolio.

 

Princess received distributions of EUR 1.4 million, of which EUR 1.0 million
was received from its investment in Global Blue, an NYSE-listed provider of
VAT refund and foreign exchange services for international travelers. This was
the result of a USD 100 million strategic equity investment from internet and
technology company Tencent and a refinancing of the company's debt, both
occurring in November 2023.

 

In addition, the cash balance reduced as a result of partially repaying the
drawn amount on the revolving credit facility in order to minimize the
financing cost for the Company.

 

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 in private equity direct investments. Princess is managed
in its investment activities by Partners Group, a global private markets
investment management firm with USD 147 billion in investment programs under
management in private markets, of which USD 76 billion is in private equity.
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

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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