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10 Nov 2009 18:18
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News Release
Guernsey,Β 10 November 2009
Princess publishes OctoberΒ NAV
During the reporting month, valuations of the underlying portfolio companies again showed a positiveΒ development overall, favourably influencing theΒ net asset valueΒ ("NAV")Β of Princess. However, adverse foreign exchange effects due to the depreciation of the US dollar against the Euro had a negative impact on theΒ NAV, which, as a result, remained stableΒ atΒ EUR 6.99Β per share.Β
The portfolio continues to show investment activity. ForΒ example,Β Carlyle Asia Growth Partners IV acquired a minority stake in publicly listed China Agritech, a leading organic fertilizer manufacturer inΒ 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 ChinaΒ AgritechΒ withΒ itsΒ global resources and expertise to accelerate its growth plans and strengthen its leadership position to further generate shareholder value.
Dr. Stephan SchΓ€li, Partner and Head Private Capital at Princess' investment advisor Partners Group, comments: "We are pleased to seeΒ increased deal activity in the portfolio, such asΒ Carlyle's recent investment inΒ China Agritech.Β This further proves that the leading general partners in Princess' portfolio are well equipped to benefit from theΒ currentΒ market environmentΒ andΒ are able toΒ close new investmentsΒ atΒ attractiveΒ valuations."
About Princess
PrincessΒ is an investment holding company founded in 1999 and domiciled inΒ GuernseyΒ that invests in privateΒ equity and private debtΒ investments.Β The Company is advised in its investment activities by Partners GroupΒ AG, a global alternative asset management firmΒ listed on the SIX Swiss Exchange (ticker symbol: PGHN)Β withΒ overΒ CHFΒ 24Β billionΒ assets under managementΒ in private equity, private debt, private real estate,Β private infrastructure,Β absolute return strategies andΒ listed alternatives.Β PrincessΒ aims to provide shareholders with long-term capital growth and an attractive dividendΒ yield.Β PrincessΒ isΒ traded on the Frankfurt Stock Exchange (tickerΒ symbol:Β PEY1)Β and on the London Stock Exchange (ticker symbol: PEY).Β Further information:Β www.princess-privateequity.net
ContactsΒ
Princess Private Equity Holding Limited:
princess@princess-privateequity.net
www.princess-privateequity.net
Registered Number: 35241
MediaΒ enquiries:
Partners Group AG
Tamara Krebs
CommunicationsΒ
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 theΒ United States of America,Β Canada,Β AustraliaΒ orΒ Japan.Β
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 theΒ United Kingdom.
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