25th Mar 2019 14:34
LONDON (Alliance News) - Princess Private Equity Holding Ltd on Monday said its net asset value per share increased in February, driven by its GlobalLogic Inc and Action SA investments.
The investment holding company, which invests in private equity and private debt investments, said its net asset value grew by 1.8% to EUR11.15 pence per share in February.
In addition, its net asset value per share was up 2.3% from EUR10.90 at the end of 2018 and up 2.6% year to date.
Portfolio developments were the strongest contributor in February, up 2.2% during the month. Its largest value drivers in the month were software engineering company GlobalLogic and discount retailer Action, which both reported strong 2018 results.
The company also received distributions totalling EUR7.5 million during February, largely from its mature legacy fund portfolio.
No new investments were made in February.
Shares in Princess Private Equity were down 2.0% at 802.34 pence on Monday afternoon.
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