Last checked at 
21 Sep 2010 13:43
News Release
Guernsey, 21 September 2010
Princess NAV increases by 2.2% in August
The net asset value (NAV) of Princess showed a positive development in August, closing the month at EUR 8.49 per share. This corresponds to an increase of 2.24% compared to the July NAV and leads to a NAV increase of 15.77% since the end of 2009. The positive performance of Princess' portfolio companies resulted in increased valuations during the past month with companies in the small and mid-cap buyout segment having a particularly favorable impact on the NAV. Overall valuation developments of portfolio companies contributed +1.09% to the NAV. With the US dollar appreciating against the Euro during the past month, foreign exchange movements also had a positive effect on the NAV.
Princess continued to witness a sound investment and exit activity. In August, Princess received EUR 3.0 million in distributions from exited investments while investing EUR 9.3 million in new investment opportunities. As a result of the high investment activity, unfunded commitments declined to EUR 255.2 million as of 31 August 2010.
Dr. Stephan Schäli, Partner and Head Private Equity at Princess' investment advisor Partners Group, comments: "We observed an increased investment activity in July and August, reflecting the attractive opportunities in the current market environment. Looking ahead, we currently believe that the coming months should also see an increased exit activity in Princess' mature portfolio. After the end of August for instance, Princess received the second distribution of EUR 5.0 million from the exit of Shenzhen Development Bank, which has been completed at a return of about 13 times the original investment. With regards to Princess existing portfolio companies, we are pleased to see the continuing positive valuation development that contributed 10.11% to the Princess NAV this year. With earnings growth as one of the key drivers behind this positive development, we believe that this trend is likely to continue in the months to come."
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 20 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
Dr. Anna Hollmann
Communications
Tel.: +41 41 768 83 72
anna.hollmann@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.