Last checked at 
26 Mar 2018 07:00
News Release
Guernsey, 26 March 2018
NAV increases by 1.0%
· Princess Private Equity Holding Limited's (Princess) net asset value increased by 1.0% to EUR 10.86 per share
· Portfolio developments (1.1%) and currency movements (0.2%) were positive
· Princess received distributions of EUR 5.7 million and invested EUR 3.0 million over the reporting period
The largest contributor to NAV growth during February was the investment in Action, the leading non-food discount retailer in Europe. Action published strong financial results, reporting substantial organic growth on a year-on-year basis. Revenues of the Dutch headquartered discount retailer rose by 28% and the EBITDA by 25% for the year to 31 December 2017. The figures were supported by a combination of like-for-like growth across existing stores and Action's ongoing international expansion. The company added another 243 stores across seven countries during 2017, closing the year with 1'095 stores.
Princess received distributions of EUR 5.7 million during the month, including EUR 1.4 million of proceeds from the partial sale of shares in Black Knight Financial Services (BKFS), a US-based provider of integrated technology, services, data and analytics to lenders and servicers in the mortgage and real estate industries. The remaining distributions of EUR 4.3 million came predominantly from Princess' mature legacy fund portfolio.
Princess invested a total of EUR 3.0 million during the month, the majority of which was allocated to liquid loans for liquidity management purposes.
Further information is available in the monthly report which can be accessed via: http://www.princess-privateequity.net/financialreports.
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 EUR 61.9 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 (0)20 7575 2771
Email: george.crowe@partnersgroup.com
Media relations contact
Jenny Blinch
Phone: +41 41 784 65 26
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 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.