Princess Private Equity Holding Ltd Princess publishes August NAV (3529N)
September 24 2019 - 1:01AM
UK Regulatory
TIDMPEY TIDMPEYS
RNS Number : 3529N
Princess Private Equity Holding Ltd
24 September 2019
News Release
Guernsey, 24 September 2019
Princess publishes August NAV
-- Princess Private Equity Holding Limited's (Princess) net
asset value decreased by 0.2% to EUR 11.67 per share
-- Portfolio developments (-0.2%) were negative and currency movements (+0.2%) positive
-- Princess invested EUR 7.0 million during the month and
received distributions of EUR 4.1 million
Princess invested a total of EUR 7.0 million during the month of
August, of which EUR 4.8 million was invested in Blue River PetCare
(Blue River), a leading US-based operator of veterinary hospitals
for companion animals. Founded in 2009 and headquartered in
Chicago, Illinois, Blue River operates over 90 general practice
hospitals in 23 states, employing over 300 veterinarians and
specialists. Blue River operates in the general practice veterinary
services space, a segment that has proven to be stable through
economic cycles, as vet expenditures are perceived as
non-discretionary in nature. The sector is highly fragmented and
total consolidation represents just 13% of veterinary hospitals in
the market. Going forward, Partners Group will work closely with
Blue River to expand its business development team and source for
small-scale acquisitions. The company will also invest in local and
digital marketing efforts, as well as online scheduling to drive
same-site volume through new and repeat customer growth.
Additionally, the company will apply market-based pricing at the
clinic level and pursue other top line and bottom line value
creation opportunities for the clinics.
EUR 2.0 million was invested in Schleich GmbH (Schleich).
Founded in 1935 and headquartered in Schwäbisch Gmünd, Germany,
Schleich is one of Germany's largest toy manufacturers and
specializes in figurines and playsets, which are sold in more than
50 countries through over 40'000 offline points of sale and online.
Schleich is considered an attractive investment given its
market-leading position for figurines in the DACH region, along
with a strong brand name known for high quality, durability and
detailing. The company has demonstrated a robust revenue CAGR of
15.9% from 2014-2018, driven by expansion into playsets in Germany
and growth in international markets, and has visible growth
opportunities across geographic lines, sales channels and product
categories. Following the acquisition, Partners Group will work
closely with Schleich's management team on driving international
expansion across key markets such as the UK, France, and the US, by
increasing brand awareness, pushing e-commerce and defining clear
channel strategies.
Princess received distributions of EUR 4.1 million during the
month, of which EUR 1.8 million stemmed from the ongoing sale of
shares in Ceridian HCM, following the company's listing on the New
York Stock Exchange in April 2018.
Further information is available in the monthly report, which
can be accessed via:
http://www.princess-privateequity.net/financialreports.
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 EUR 80 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
Registered Number: 35241
LEI: 54930038LU8RDPFFVJ57
Investor relations contact
George Crowe
Phone: +44 (0)20 7575 2771
Email: george.crowe@partnersgroup.com
Media relations contact
Jenny Blinch
Phone: +44 207 575 2571
Email: 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
are 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 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
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contact rns@lseg.com or visit www.rns.com.
END
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