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NAV - NAV increases by 0.7% in January

Company: Spice Private Equity AG Date: 2019-02-27 Language: English Register to download

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RNS Number : 1935R

Princess Private Equity Holding Ltd

27 February 2019

News Release

Guernsey, 27 February 2019

NAV increases by 0.7% in January

·    Princess Private Equity Holding Limited's (Princess) net asset value increased by 0.7% to EUR 10.98 per share

·    Portfolio developments (+1.0%) were positive while currency movements were slightly negative (-0.1%)

·  Princess received distributions of EUR 12.4 million while there was no investment activity during the month

Princess received distributions of EUR 12.4 million during the month, including proceeds of EUR 10.6 million from Universal Hospital Services (UHS) following a merger with NASDAQ-listed Federal Street Acquisition Corp. The combined entity, known as Agiliti Health, was valued at approximately USD 1.74 billion. The merger valuation was reflected in Princess' net asset value as of 31 December 2018 and represented an uplift of 27% to the previous carrying value. Partners Group invested in UHS on behalf of its clients in July 2007. The investment generated a return of 2.6x invested capital. In addition, EUR 1.5 million was received from Princess' mature legacy fund portfolio while Princess did not make any new investments during the month.

Further information is available in the monthly report, which can be accessed via: [http://www.princess-privateequity.net/financialreports](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](mailto:rns@lseg.com) or visit [www.rns.com](http://www.rns.com/).

END

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