Last checked at 
11 May 2010 15:17
News Release
Guernsey, 11 May 2010
Princess NAV increases by 2.6% in April
The net asset value ("NAV") of Princess continued to develop positively in April, closing the month at EUR 7.95 per share. This corresponds to an increase of 2.56% compared to the March NAV and follows a strong 5.65% rise in the NAV during the first quarter of 2010.Valuations of the companies in the Princess portfolio witnessed a continued rebound during the month with portfolio companies in the small and mid-cap buyout segment having a particularly favorable impact on the NAV. Valuation developments overall had a positive effect on the NAV of 1.39%. With the US dollar further appreciating against the Euro in April, the foreign exchange movements also contributed positively to the NAV.
Princess continued to benefit from sound investment and exit activity in the portfolio. In April, Princess received EUR 4 million in distributions from exited investments while also investing EUR 4 million in new investment opportunities. Amongst others, Princess received partial distributions from the IPOs of Kabel Deutschland, Germany's largest cable television operator, and Brenntag, the world leader by revenues in the distribution of chemical products.
Dr. Stephan Schäli, Partner and Head Private Equity at Princess' investment advisor Partners Group, comments: "With the continuing positive valuation developments of Princess' portfolio companies as well as the favorable impact of the appreciation of the US dollar against the Euro, the NAV increased for the fifth consecutive month in April. Furthermore, we are pleased to see the increased level of investment and exit activity in the Princess portfolio. The recent IPOs of Kabel Deutschland and Brenntag alone provided Princess with partial distributions amounting to more than EUR 1 million in April. Princess should be well positioned to capitalize from a re-opening of the exit window in the coming months thanks to its high number of mature portfolio companies."
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 investment 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. 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., authorized and regulated by the Financial Services Authority in the United Kingdom.