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19 Aug 2008 09:00
News Release
Guernsey, 19 August 2008
Princess partnership 3i invests in AP Bags
The Princess partnership 3i Eurofund V has acquired a 49% stake, worth EUR 118 million, in the handbags and accessories division of Antichi Pellettieri S.p.A., the Italian branded leather accessories group. The involvement and funding provided by 3i will bring together several brands in a new entity, AP Bags, which will be the holding company of four handbags and accessories brands: Francesco Biasia, Braccialini, Coccinelle and Mandarina Duck. 3i will provide business development support to assist with the further internationalization of the business, the penetration of new markets, particularly China and India, location sourcing and selection, advertising and promotional management and the development of retail operations.
Dr. Stephan Schäli, Head Private Alternative Investment Strategies at Princess' investment advisor Partners Group, comments: "In line with the general trend in the industry, a shift of focus away from large-cap transactions toward the mid and lower end of the market can be observed within the Princess portfolio. 3i's investment in AP Bags is a prime example of such a mid market deal, and we are confident about the development of the company. In particular the extensive network of strategic and industrial partners that 3i has developed in the emerging markets should prove beneficial to the expansion of AP Bags."
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 alternative asset management firm listed on the SWX Swiss Exchange (ticker symbol: PGHN) with over CHF 25 billion assets under management in private equity, private debt, private real estate, listed alternative investments, hedge funds and alternative beta strategies. 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:
Ken Ball
General Manager
Phone: +44 1481 730 946
princess@princess-privateequity.net
www.princess-privateequity.net
Media enquiries:
Partners Group AG
Tamara Krebs
Communications
Tel.: +41 41 768 85 26
tamara.krebs@partnersgroup.net
www.partnersgroup.net
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.
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