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10 Nov 2009 18:18
News Release
Guernsey, 10 November 2009
Princess publishes October NAV
During the reporting month, valuations of the underlying portfolio companies again showed a positive development overall, favourably influencing the net asset value ("NAV") of Princess. However, adverse foreign exchange effects due to the depreciation of the US dollar against the Euro had a negative impact on the NAV, which, as a result, remained stable at EUR 6.99 per share.
The portfolio continues to show investment activity. For example, Carlyle Asia Growth Partners IV acquired a minority stake in publicly listed China Agritech, a leading organic fertilizer manufacturer in China. The company's value proposition lies in its development of proprietary formulas to create agricultural products that improve crop yield and maintain soil fertility. Furthermore, it recently completed the construction of its organic granular production facilities and expanded its line of organic fertilizers. Carlyle plans to provide China Agritech with its global resources and expertise to accelerate its growth plans and strengthen its leadership position to further generate shareholder value.
Dr. Stephan Schäli, Partner and Head Private Capital at Princess' investment advisor Partners Group, comments: "We are pleased to see increased deal activity in the portfolio, such as Carlyle's recent investment in China Agritech. This further proves that the leading general partners in Princess' portfolio are well equipped to benefit from the current market environment and are able to close new investments at attractive valuations."
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.
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