PEYS Princess Private Equity Holding Limited

(LSE: PEYS/PEY)

Princess Private Equity Holding Limited

Princess publishes April NAV

·    NAV decreased by 0.1% to EUR 14.65 per share; total net assets at EUR 1'012.94 million

·    Currency movements contributed 0.5%, while portfolio revaluations detracted 0.3%

·    Princess received distributions of EUR 0.5 million

In April, the net asset value of Princess decreased slightly by 0.1% amidst a volatile environment. Nonetheless, the portfolio benefitted from positive foreign exchange movements as the Euro depreciated in April against the US dollar.  

At a portfolio level, one of the largest positive contributors was Galderma, a Switzerland-headquartered pharmaceutical company specializing in dermatological treatments and skin care products. The share price of the business increased over April 2024. Having completed its IPO on the SIX Swiss Exchange the month before, Galderma announced towards the end of April that net sales grew by 12% year on year to USD 1.1 billion for the first quarter of 2024, while providing guidance of 7-10% sales growth for the year on the back of exceptionally strong growth in the Asia Pacific region.

After the month's end, Princess held its quarterly webcast to update investors on the recent developments of the portfolio. The recording is available under the following link.

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

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.