Last checked at 
10 Feb 2010 07:26
News Release
Guernsey, 10 February 2010
Princess NAV increases by 1.1% in January
The net asset value ("NAV") of Princess continued to develop positively in January, closing the month at EUR 7.43 per share, which corresponds to an increase of 1.08% compared to the unaudited December 2009 NAV. This follows a strong 5.1% rise in the NAV during the fourth quarter of 2009, with portfolio companies continuing to actively grow their businesses and create additional value. In particular, the appreciation of the US dollar against the Euro during the course of the month also contributed positively to the NAV development.
In January, Kerasotes Showplace Theatres was sold to AMC Entertainment. The portfolio company owns 96 theaters and 973 screens, primarily in the Midwest region of the United States. Princess' investment partner Providence Equity Partners IV first invested in the company seven years ago and has successfully grown it by completing strategic acquisitions and expanding to additional locations. Under Providence's guidance, Kerasotes Showplace Theatres, which enjoyed record revenues in 2009, has become the sixth-largest motion picture exhibition company in North America.
Dr. Stephan Schäli, Partner and Head Private Equity at Princess' investment advisor Partners Group, comments: "The exit of Kerasotes Showplace Theatres is an example of the maturity of Princess' portfolio as almost 40% of Princess' current investments were made before 2006. These portfolio companies have been developed by their private equity owners during the past years in preparation for a future exit. With its existing portfolio companies, Princess is well positioned to benefit from a re-opening of the exit window."
About Princess
Princess is an investment holding company founded in 1999 and domiciled in Guernsey that invests in private equity and private debt investments. The Company is advised in its investment activities by Partners Group AG, a global private markets asset management firm with over CHF 25 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 Frankfurt Stock Exchange (ticker symbol: PEY1) and 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
Media enquiries:
Partners Group AG
Tamara Krebs
Communications
Tel.: +41 41 768 85 26
tamara.krebs@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 Private Equity Holding Limited. 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.
Approved by Partners Group (UK) Ltd., authorised and regulated by the Financial Services Authority in the United Kingdom.