RNS Number : 1175H
Princess Private Equity Holding Ltd
15 August 2016
News Release
Guernsey, 15 August 2016
Princess reports record distribution proceeds in Half-Year Report 2016
Princess Private Equity Holding Limited (Princess or the Company) today publishes its Half-Year
Report for 2016. The key items are:
n The NAV of Princess increased by 5.8% to EUR 9.78 per
share (adjusted for the first interim dividend of EUR 0.27 per share).
n Partners Group's focus on value creation continued to foster strong
revenue and EBITDA growth and healthy capital structures at portfolio company level. Consequently, valuation developments (+7.2%)
were responsible for the NAV growth. Currency movements negatively impacted the NAV by -0.6%.
n The largest contributors to Princess' NAV growth over the reporting
period were the direct investments in VAT Group AG, Action and KinderCare Education.
n During the reporting period, Princess invested a total amount of EUR
49.7 million in both equity and debt, including EUR 9.9 million in MultiPlan 2016.
n Princess generated record distribution proceeds in Q2 from exited
investments totaling EUR 131.2 million, including EUR 57.7 million from Multiplan 2014 and EUR 27.2 million from VAT Group AG.
This compares to EUR 42.7 million in the corresponding period last year.
Brian Human, Chairman, comments: "With the strong NAV performance and continued high level of
distributions, the board remains confident that Princess is well-positioned as a leading global mid-market direct private equity
fund. This, together with a high dividend yield objective, should ensure that Princess is well-placed to generate value for its
shareholders over the years to come".
Detailed analysis and commentary on the developments and performance of Princess' portfolio over
the first half of 2016 will be presented in a quarterly report published today. The report can be accessed via:
http://www.princessprivateequity.net/financialreports
A copy of the above document has been submitted to the National Storage Mechanism and will shortly
be available for inspection at: http://www.Hemscott.com/nsm.do
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 advised in its investment activities by Partners Group, a
global private markets investment management firm with over EUR 49 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 London Stock Exchange (ticker symbol: PEY). Further
information: www.princess-privateequity.net.
Contacts
Princess Private Equity Holding Limited:
princess@princess-privateequity.net
www.princess-privateequity.net
Registered Number: 35241
Investor relations contact
George Crowe
Phone: +44 (0)20 7575 2771
E-mail: george.crowe@partnersgroup.com
Media relations contact
Partners Group AG
Jenny Blinch
Phone: +41 41 784 65 26
E-mail: 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 is 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.
This information is provided by RNS
The company news service from the London Stock Exchange
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