Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPrincess Priv E Regulatory News (PEY)

Share Price Information for Princess Priv E (PEY)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 11.05
Bid: 10.95
Ask: 11.05
Change: 0.05 (0.45%)
Spread: 0.10 (0.913%)
Open: 10.95
High: 11.05
Low: 10.95
Prev. Close: 11.00
PEY Live PriceLast checked at -
Princess Private Equity Holding is an Investment Trust

To provide Shareholders with long-term capital growth and attractive dividend yield, through investment in a diversified portfolio of private equity and private debt investments.

Find out More

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Princess publishes December NAV

28 Jan 2019 07:00

RNS Number : 1797O
Princess Private Equity Holding Ltd
28 January 2019
 

News Release

Guernsey, 28 January 2019

 

Princess publishes December NAV

 

· Princess Private Equity Holding Limited's (Princess) net asset value decreased by 1.6% to EUR 10.90 per share

· Portfolio developments (-1.3%) were negative as well as currency movements (-0.2%)

· Princess received distributions of EUR 19.7 million and invested EUR 5.0 million over the month

 

Princess received distributions of EUR 19.7 million during the month, including proceeds of EUR 3.8 million from a shareholder loan repayment from Vermaat, a leading Dutch outsourced hospitality and premium catering services provider. The proceeds allow Partners Group to partially de-risk its investment in Vermaat and return a substantial portion of cost to investors. The proceeds stemmed from a refinancing of the 2015 acquisition debt for Vermaat. The refinancing lowers the company's total annual interest expenses, while increasing the size of the company's revolving capital facility to cover working capital and to fund potential acquisitions. Since Partners Group's acquisition in December 2015, Vermaat has performed above initial expectations, with revenue and EBITDA above the base-case. EUR 2.9 million was received from Princess' mature legacy fund portfolio. Princess also received EUR 11.2 million from the sale of first lien loans.

 

Princess invested a total of EUR 5.0 million during the month, of which EUR 4.0 million was provided as additional capital to Permotio International Learning, an investment vehicle formed to create a leading international schools group through a 'buy and build' strategy. The capital will be used to fund future acquisition opportunities. The group is currently in exclusivity over two transactions and has a healthy pipeline of acquisitions. Permotio recently acquired US-based Baton Rouge International School in October 2018, adding 475 students to the group's portfolio. As of November 2018, Permotio had built a of portfolio of 33 schools in 7 countries, educating over 27'000 students. In addition to growth from acquisitions, Permotio also achieved like-for-like revenue growth from increases in fees and student enrolments.

 

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, a global private markets investment management firm with EUR 73 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 Main Market of the London Stock Exchange (ticker: PEY for the Euro Quote; PEYS for the Sterling Quote).

 

Contacts

Princess Private Equity Holding Limited:

princess@partnersgroup.com

www.princess-privateequity.net

 

Registered Number: 35241

 

LEI: 54930038LU8RDPFFVJ57

 

Investor relations contact

George Crowe

Phone: +44 (0)20 7575 2771

Email: george.crowe@partnersgroup.com

 

Media relations contact

Jenny Blinch

Phone: +44 207 575 2571

Email: jenny.blinch@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 are 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
NAVCKPDPQBKDCDB
Date   Source Headline
24th Jan 201210:22 amRNSPrincess' NAV remains broadly flat in December
9th Jan 20127:00 amRNSCompliance with Model Code
22nd Dec 20115:00 pmRNSPrincess' NAV increased by 0.6% in November
22nd Dec 20117:00 amRNSTransaction in Own Shares
14th Dec 20117:55 amRNSTransaction in Own Shares
6th Dec 20117:00 amRNSTransaction in Own Shares
1st Dec 20117:00 amRNSTransaction in Own Shares
30th Nov 20117:00 amRNSTransaction in Own Shares
28th Nov 201110:44 amRNSTransaction in Own Shares
22nd Nov 20112:13 pmRNSPrincess announces October NAV
9th Nov 20118:30 amRNSPrincess announces dividend; publishes results
24th Oct 20117:02 amRNSPrincess' NAV gains 1.6% in September
10th Oct 20117:00 amRNSCompliance with Model Code
27th Sep 20117:00 amRNSTransaction in Own Shares
26th Sep 20117:00 amRNSTransaction in Own Shares
23rd Sep 20117:00 amRNSTransaction in Own Shares
22nd Sep 20112:18 pmRNSPrincess publishes August NAV
14th Sep 20117:00 amRNSTransaction in Own Shares
12th Sep 20113:17 pmRNSPrincess completes direct mezzanine investment
12th Sep 20117:00 amRNSTransaction in Own Shares
25th Aug 201111:20 amRNSPrincess' NAV increased by 1.2% in July
10th Aug 201111:14 amRNSPrincess NAV up by 4.4% in the first half of 2011
10th Aug 201111:09 amRNSHalf Yearly Report
10th Aug 20117:00 amRNSTransaction in Own Shares
9th Aug 20117:00 amRNSTransaction in Own Shares
5th Aug 20115:30 pmRNSTransaction in Own Shares
25th Jul 20114:53 pmRNSPrincess refinances credit facility
15th Jul 20117:00 amRNSTransaction in Own Shares
13th Jul 20117:00 amRNSTransaction in Own Shares
12th Jul 20117:00 amRNSTransaction in Own Shares
7th Jul 20117:00 amRNSTransaction in Own Shares
1st Jul 20117:00 amRNSCompliance with Model Code
28th Jun 20117:00 amRNSTransaction in Own Shares
22nd Jun 20117:00 amRNSTransaction in Own Shares
21st Jun 20111:05 pmRNSPrincess NAV increases by 2.3% in May
25th May 20117:00 amRNSDividend Declaration
25th May 20117:00 amRNSTransaction in Own Shares
20th May 201110:47 amRNSPrincess NAV increases by 1.5% in April
18th May 20117:00 amRNSTransaction in Own Shares
16th May 20117:00 amRNSTransaction in Own Shares
13th May 20114:08 pmRNSPrincess publishes Q1 2011 quarterly report
12th May 20116:00 pmRNSChange of Registered Office
12th May 20114:33 pmRNSResult of AGM
10th May 20117:00 amRNSTransaction in Own Shares
26th Apr 201112:18 pmRNSNAV +1.0% in March; conference call on 27/04/11
20th Apr 201112:52 pmRNSDirector Declaration
8th Apr 20114:21 pmRNSNotice of AGM
1st Apr 20117:30 amRNSCompliance with Model Code
28th Mar 20117:00 amRNSTransaction in Own Shares
23rd Mar 20117:07 amRNSTransaction in Own Shares

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.