Last checked at 
19 May 2016 09:26
News Release
Guernsey, 19 May 2016
Princess announces dividend payment and publishes first quarter 2016 report
The Board of Directors of Princess Private Equity Holding Limited (Princess or the
Company) is pleased to announce a first interim dividend of EUR 0.27 per share for the 2016 calendar year. This translates into a dividend yield of 5.7% on the net asset value
(NAV) per share as of 31 March 2016 and a yield of 7.0% on the share price, based on the first interim dividend of 2016 and the second interim dividend of 2015, as well as
18 May's closing price on the London Stock Exchange.
In addition, Princess today published its first quarter report for the period ended 31
March 2016. The key items were:
n The NAV of Princess increased by 0.2% to EUR 9.53 per share.
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 (+1.7%) were responsible for the NAV growth while currency effects (-0.9%) negatively impacted the NAV.
n Amongst others, the largest contributors to Princess' NAV growth over the reporting period were the direct investments in MultiPlan, Action and VAT Group AG.
n During the reporting period, Princess invested EUR 7.7 million in Guardian Early Learning Group, an early childhood education group in Australia. Furthermore, Princess invested in three new direct debt investments, namely Coopération Pharmaceutique Française, ADB Airfield Solutions and Essmann.
n Overall, the total investment activity amounted to EUR 17.0 million with the investment level slightly decreasing to 93.1% of NAV, from 93.5% at the start of the year.
n Distribution proceeds to Princess from exited investments totaled EUR 20.7 million for the first quarter of 2016, compared to EUR 21.2 million in the corresponding period last year.
Brian Human, Chairman, comments: "Princess' mature portfolio and the supportive environment for exits should continue to provide opportunities for the Investment Advisor to realize assets at favorable valuations. Indeed, the company has already made a positive start to the second quarter of 2016 with the successful IPO of its second largest portfolio company, VAT Group AG. Looking forward to the year ahead, we remain confident that the robust trading performance of Princess' global portfolio of mid-cap companies will continue to create value for shareholders".
The first interim dividend for the year will be paid on 17 June 2016. The relevant date for the entitlement to the dividend (record date) will be 27 May 2016 and the corresponding ex-dividend date will be 26 May 2015. The Company intends to pay dividends semi-annually following the publication of the quarterly reports as of 31 March and 30 September.
Detailed analysis and commentary on the developments and performance of Princess' portfolio over the first three months of 2016 will be presented in a quarterly report published today. The report can be accessed via:
http://www.princessprivateequity.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, a global private markets investment management firm with over EUR 46 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 AG
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.