Princess Private Equity Holding Ltd Annual Financial Report (0219I)
March 16 2018 - 11:45AM
UK Regulatory
TIDMPEY TIDMPEYS
RNS Number : 0219I
Princess Private Equity Holding Ltd
16 March 2018
News Release
Guernsey, 16 March 2018
Princess publishes annual report 2017
Princess Private Equity Holding Limited (Princess or the
Company) today published its Annual Report for 2017. The key items
were:
-- Net asset value ("NAV") increased to EUR 10.73 per share,
representing a total return of +11.2% for the year
-- Share price total return was +29.6% driven by a narrowing of the Company's discount to NAV
-- Valuation developments (+16.2%) were the key driver of NAV
growth, while currency movements had a negative impact (-2.1%). The
largest contributors to NAV growth were the direct investments in
VAT Group, Action and Form Technologies
-- Dividend increased to EUR 0.56 per share, +3.7% versus the prior year
-- Investment activity totaled EUR 117.2 million, including
Partners Group's acquisitions of Civica and United States
Infrastructure Corporation
-- Realizations of EUR 191.1 million included EUR 78.3 million
from the placing of shares in VAT Group
Brian Human, Chairman, comments: "In 2017 Princess achieved a
positive NAV performance driven by double-digit revenue and EBITDA
growth at underlying portfolio company level and an active period
for realizations. The Board remains confident that the combination
of a high dividend yield and capital growth from Princess' global
portfolio of leading mid-market companies should continue to create
value for shareholders."
A detailed analysis and commentary on the developments of
Princess during 2017 is presented in the Annual Report published
today, which can be accessed via:
http://www.princess-privateequity.net/financialreports
A copy of the report has also 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 EUR 61.9 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 symbols: 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
E-mail: george.crowe@partnersgroup.com
Media relations contact
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 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.
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
END
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