(LSE: PEYS/PEY)
Princess Private Equity
Holding Limited
Princess publishes April
NAV
· NAV
decreased by 0.1% to EUR 14.65 per share; total net assets at EUR 1'012.94 million
· Currency
movements contributed 0.5%, while portfolio revaluations detracted
0.3%
· Princess
received distributions of EUR 0.5 million
In April, the net asset value of Princess decreased
slightly by 0.1% amidst a volatile environment. Nonetheless, the
portfolio benefitted from positive foreign exchange movements as
the Euro depreciated in April against the US dollar.
At a portfolio level, one of the largest positive
contributors was Galderma, a Switzerland-headquartered
pharmaceutical company specializing in dermatological treatments
and skin care products. The share price of the business increased
over April 2024. Having completed its IPO on the SIX Swiss Exchange
the month before, Galderma announced towards the end of April that
net sales grew by 12% year on year to USD 1.1 billion for the first
quarter of 2024, while providing guidance of 7-10% sales growth for
the year on the back of exceptionally strong growth in the Asia
Pacific region.
After the month's end, Princess
held its quarterly webcast to update investors on the recent
developments of the portfolio. The recording is available under the
following
link.
Further information is available in the monthly
report, which can be accessed via:
http://www.princess-privateequity.net/en/investor-relations/financial-reports/.
Ends.
About
Princess
Princess is an investment holding company founded in
1999 and domiciled in Guernsey. It invests in private equity direct
investments. Princess is managed in its investment activities by
Partners Group, a global private markets investment management firm
with USD 147 billion in investment programs under management in
private markets, of which USD 76 billion is in private equity.
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
|
Investor relations contact:
princess@partnersgroup.com
www.princess-privateequity.net
|
Media relations contact:
Jenny Blinch
Phone: +41 41 784 65 26
E-mail:
jenny.blinch@partnersgroup.com
|
Registered Number:
35241 LEI: 54930038LU8RDPFFVJ57
Notes:
1. Note that
references in this announcement to Princess
Private Equity Holding Limited have been
abbreviated to "Princess" or "Company". References to Partners
Group AG have been abbreviated to "Partners Group " or "Investment
Manager".
2. 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 Holdings. 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.
3.
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.