13th Aug 2021 14:37
Princess Private Equity Holdings Ltd - investor in unlisted companies, managed by Partners Group AG - Net asset value per share rises 14% to EUR15.24 on June 30 from EUR13.35 on December 31. Swings to pretax profit of EUR153.5 million in the six months to June 30, from a loss of EUR39.8 million a year ago. The best-performing investment is GlobalLogic, after the software engineer was bought by Hitachi. Investment activity totals EUR61.9 million. "Following a recovery in market transaction volumes from the lows of 2020, further portfolio activity is expected in the second half of the year," Chair Richard Battey says.
Current stock price: 1,170 pence, up 3.5% on Friday
Year-to-date change: up 14%
By Ivan Edwards; [email protected]
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