Partners Grp E Regulatory News (PEY)

10 Dec 2009 07:00



News Release

Guernsey, 10 December 2009

Princess publishes November NAV

During the month of November, valuation developments of the underlying portfolio companies had a positive effect of 0.73% on the net asset value ("NAV"), mainly stemming from investments in the buyout segment. As of the end of November, more than 55% of Princess' partnerships had already published their September 2009 accounts. The higher valuation during the month reflects the high quality of Princess' portfolio, which comprises leading general partners who were able to further develop their portfolio companies even in the currently challenging environment. The overall positive contribution from valuation developments was however mitigated by the continuing depreciation of the US dollar against the Euro which exerted a negative impact of 0.69% on the NAV. Overall, the NAV of Princess eased slightly by 0.16% to EUR 6.98 per share. 

In November, Lifeways Community Care announced that it had made two follow-on acquisitions. The UK's leading private sector provider of supported living for people with complex needs acquired Clover Care, which is based in Lancashire, England, and HSS, which is based in Inverness, Scotland. Both companies provide supported living services for young adults with learning disabilities. These two new acquisitions broaden Lifeways' geographical scope and further strengthen its commitment to high quality supported living services throughout the United Kingdom. Princess initially invested in Lifeways alongside August Equity in July 2007. 

Urs Wietlisbach, Director of Princess, comments: "We are pleased to see that portfolio companies such as Lifeways are further developing their business through follow-on acquisitions, strengthening their foothold in their particular industry sector. Additionally, many of the transactions that are currently being negotiated exhibit attractive characteristics. Although multiples have increased somewhat with the rebound in public equity markets, such deals are still typified by lower valuations providing general partners with attractively priced investment opportunities. Hence we are confident that transactions such as Lifeways' follow-on acquisitions should create value in the Princess portfolio in the mid to long term."

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 SIX Swiss Exchange (ticker symbol: PGHN) with over CHF 24 billion assets under management in private equity, private debt, private real estate, private infrastructure, absolute return strategies and listed alternatives. 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.