Princess Private Equity Holding Ltd NAV increases by 0.1% in January (1032Q)
February 24 2021 - 1:00AM
UK Regulatory
TIDMPEY TIDMPEYS
RNS Number : 1032Q
Princess Private Equity Holding Ltd
24 February 2021
News Release
Guernsey, 24 February 2021
NAV increases by 0.1% in January
-- Princess Private Equity Holding Limited's (Princess or the
Company) net asset value increased by 0.1% to EUR 13.37 per
share
-- Portfolio developments were positive (+0.4%), while currency movements were flat
-- Princess invested EUR 10.9 million during the month and
received distributions of EUR 1.8 million
Princess invested a total of EUR 10.9 million during January, of
which EUR 10.4 million was invested in Careismatic Brands
(Careismatic), the world's leading designer, marketer and
distributor of branded medical apparel. Careismatic is considered
an attractive investment given its scale and leading market share
in the USD 3.3 billion US retail medical scrubs market. The company
operates in both B2B and B2C channels, selling its products through
over 10,000 retail locations, online retailers and catalogues. The
investment in Careismatic is underpinned by strong market tailwinds
including the accelerated rise of ecommerce and increased hygiene
protocols which require the regular replacement of medical scrubs.
Partners Group was formerly a shareholder of a predecessor entity
of Careismatic, Strategic Partners, Inc., and therefore has a deep
understanding of Careismatic's business. The company has continued
to develop positively, having completed four acquisitions from 2016
to 2020 to ramp up sales channels and enter additional product
adjacencies, and is well-positioned for its next phase of growth.
Following the acquisition, Partners Group will work with
Careismatic to accelerate the company's organic growth across all
sectors, drive domestic and international expansion through
M&A, develop partnership strategies, and further build
capabilities in higher margin and higher growth direct-to-consumer
e-commerce channels.
Princess received distributions of EUR 1.8 million in January,
with the majority stemming from Princess' mature legacy fund
portfolio.
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, 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 109 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 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
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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
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