29th Oct 2014 09:19
LONDON (Alliance News) - Princess Private Equity Holding Ltd Wednesday said its net asset value increased by 4.7% to EUR8.68 per share in September, meaning that year-to-date NAV growth stands at 11%.
In a statement, Princess Private Equity said positive portfolio developments and currency movements were behind September's NAV increase.
The private equity and private debt investor deployed EUR5.0 million to new direct investments and received distributions of EUR7.4 million in September.
The main performance drivers came from the quarterly revaluation of Princess' direct portfolio, the company said, with the largest contributor being MultiPlan, a healthcare cost management provider.
Princess Private Equity shares were up 2.9% at EUR6.90 on Wednesday.
By Samuel Agini; [email protected]; @samuelagini
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