Partners Grp E Regulatory News (PEY)

19 Feb 2008 17:06

Princess Private Equity Holding Ltd19 February 2008 News Release Guernsey, 19 February 2008 Highly successful exit of Intelsat resulting in an IRR of over 100% The Princess Private Equity Holding Limited ("Princess") partnerships ApolloInvestment Fund V and Apax Excelsior VI together with buyout firms Permira andMadison Dearborn Partners have closed the sale of Intelsat. The company was soldfor approximately USD 16.5 billion to a group of investors led by BC Partners,generating a high single digit multiple resulting in a gross IRR in excess of100% on the USD 515 million original investment, made in 2004. Intelsat is theleading provider of fixed satellite services worldwide. The company has over 50satellites which deliver advanced transmission access for information andentertainment to some of the world's leading media and network companies,multinational corporations, internet service providers and governmentalagencies. Stephan Schali, head of private alternative investment strategies at Princess'sinvestment advisor Partners Group, comments: "The sale of Intelsat at a highsingle digit multiple of the original investment cost represents another highlysuccessful exit for the Princess portfolio, indicating the quality of ourprivate equity investments even in the current volatile market environment.Intelsat has undergone significant strategic and financial improvements duringthe holding period of the consortium which have resulted in impressive valuecreation. The realization should have a positive impact of around EUR 1.5million on the NAV of Princess." About Princess: Princess is an investment holding company founded in 1999 and domiciled inGuernsey that invests in private equity and private debt investments. TheCompany is advised in its investment activities by Partners Group, a globalalternative asset management firm listed on the SWX Swiss Exchange (tickersymbol: PGHN) with over CHF 24 billion assets under management in privateequity, private debt, private real estate, listed alternative strategies, hedgefunds and alternative beta strategies. Princess aims to provide shareholderswith long-term capital growth and an attractive dividend yield. Princess istraded on the Frankfurt Stock Exchange (ticker symbol: PEY1) and on the LondonStock Exchange (ticker symbol: PEY). Further information:www.princess-privateequity.net Contacts: Princess Private Equity Holding Limited:Brian HumanManaging DirectorPhone: +44 1481 730 946princess@princess-privateequity.netwww.princess-privateequity.net Media enquiries and Partners Group:Tamara KrebsCommunicationsTel.: +41 41 768 85 26tamara.krebs@partnersgroup.netwww.partnersgroup.net This document does not constitute an offer to sell or a solicitation of an offerto buy or subscribe for any securities of Princess Private Equity HoldingLimited or any Co-ownership Interests in any jurisdiction. No offer ofsecurities of Princess Private Equity Holding Limited or Co-ownership Interestsis being, or will be, made to the public. The distribution of this document maybe restricted by law in certain jurisdictions. Persons into whose possessionthis document comes must inform themselves about, and observe any suchrestrictions on the distribution of this document. In particular, this documentand 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. Neither the Ordinary Shares nor the Co-ownership Interests have been and will beregistered under the United States Securities Act of 1933 as amended (the''Securities Act''), and, subject to certain exceptions, may not be offered orsold within the United States or to, or for the account or benefit of, USpersons (as such term is defined in the Regulation S under the Securities Act). This information is provided by RNS The company news service from the London Stock Exchange