Last checked at 
17 Nov 2015 16:28
News Release
Guernsey, 17 November 2015
Princess announces dividend payment and publishes interim report 2015
The Board of Directors of Princess Private Equity Holding Limited (Princess or the
Company) is pleased to announce a second dividend of EUR 0.27 per share for the 2015 calendar year. The total dividend due to shareholders is therefore EUR 0.54 per share for the year, including the interim dividend of EUR 0.27 per share distributed in June. This translates into a dividend yield of 5.7% on NAV per share (as of 30 September 2015) and a yield of 6.8% on Princess' share price, based on yesterday's closing price on the London Stock Exchange.
The second dividend for the year will be paid on 18 December 2015. The relevant date for the entitlement to the dividend (record date) will be 27 November 2015 and the corresponding ex-dividend date will be 26 November 2015. The Company intends to pay dividends semiannually following the publication of the quarterly reports as of 31 March and 30 September.
In addition, Princess today published its interim report for 2015. The key items were:
n The NAV of Princess increased to EUR 9.43 per share, giving a total return yield of 13.2%, adjusted for the first interim dividend of EUR 0.27 per share distributed in June.
n Partners Group's focus on value creation continued to foster strong revenue and EBITDA growth and healthy capital structures at portfolio company level. Consequently, positive valuation developments (+13.7%) were responsible for the bulk of NAV growth.
n The largest contributors to Princess' NAV growth over the reporting period were the direct investments in VAT Vakuumventile AG, MultiPlan, Universal Services of America, Action and Hofmann Menue Manufaktur.
n Within the first nine months of the year, Princess invested in two new direct equity investments (Dynacast and KinderCare Education) as well as add-on acquisitions by Permotio International Learning, by a pharmaceutical developer and by Project Icon. Furthermore, four new debt investments were completed.
n Overall, new investment activity amounted to EUR 72.1 million with the investment level increasing to 91.4% of NAV, up from 85.9% at the start of the year.
n Distribution activity continued to be healthy over the reporting period. Overall distribution proceeds to Princess totaled EUR 89.0 million, compared to EUR 55.4 million in the corresponding period last year.
Brian Human, Chairman, comments: "Amid volatile public markets we are pleased to report Princess' positive NAV development during the past nine months. The continuing strong operating performance of portfolio companies had the largest impact on the positive NAV development year-to-date. The Company continued to benefit from a high level of distributions, not only from its legacy funds portfolio which remained highly cash generative, but increasingly from its direct portfolio, with several partial exits and the full exit of Universal Services of America achieved during the reporting period. Despite volatility in global equity markets, the Company's direct investments, now 64% of the portfolio, continue to trade well. This demonstrates the resilience of a global portfolio of mid-cap private companies and their potential to generate attractive returns for shareholders."
Detailed analysis and commentary on the developments and performance of Princess' portfolio over the first nine months of 2015 will be presented in a report published today. The report can be accessed via: http://www.princess-privateequity.net/financialreports.
A copy of the above document has 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 AG, a global private markets investment management firm with over EUR 42 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 symbol: PEY). Further information: www.princess-privateequity.net.
Contacts
Princess Private Equity Holding Limited:
princess@princess-privateequity.net
www.princess-privateequity.net
Registered Number: 35241
Investor relations contact
George Crowe
Phone: +44 (0)20 7575 2771
E-mail: george.crowe@partnersgroup.com
Media relations contact
Partners Group
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. 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.