Last checked at 
24 Feb 2014 07:00
News Release
Guernsey, 24 February 2014
Princess reports January NAV - Two new direct investments
è Princess' net asset value (NAV) increased by 0.3% to EUR 8.11 per share
è Princess deployed EUR 17.4 million to new direct investments and received EUR 2.3 million in distributions
è Positive currency movements (0.6%) during the month
In line with its transition to a solely direct investment vehicle, Princess completed two out of the four previously announced direct investments which had been in closing as of year-end.
In January, Princess invested in Hofmann Menü Manufaktur, a producer and supplier of customized frozen food products to small business canteens and social organizations such as retirement homes, hospitals and schools in Germany. The company has over 10'000 customers and is well-positioned to benefit from secular trends such as an ageing population and the increasing shift towards outsourced catering. Based on its strong brand and recognition for premium quality products and services, Hofmann Menü has a promising positioning to further increase its share in the expanding market for social organizations.
Furthermore, Partners Group also acted as the mandated lead arranger and invested in the mezzanine debt of family-owned and London-headquartered coffee house chain Caffè Nero. Since founded in 1997, Caffè Nero has shown a strong performance, recording year-on-year growth in each year since inception. Caffè Nero has benefitted as the out-of-home coffee drinking culture has expanded and coffee houses are increasingly seen as a place to relax, socialize and network. The investment is expected to deliver an attractive risk-return profile, given the company's strong brand, robust cash flow generation and track record of achieving sustained growth.
After month end, the other two previously announced direct investments, Fermaca, a Latin American pipeline operator and Swiss-based VAT Holding AG, the global market leader in high-end vacuum valves have been completed.
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 AG, a global private markets investment management firm with over EUR 31 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
Alexander von Wolffradt
Phone: +41 41 784 66 45
E-mail: alexander.wolffradt@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.