19th Mar 2019 12:18
LONDON (Alliance News) - Princess Private Equity Holding Ltd on Tuesday said its net asset value per share increased in 2018 with the strongest contributors being its investments in three key companies.
Its net asset value per share increased to EUR10.90 per share on December 31 from EUR10.73 the year before.
This was led by the strong performances of three direct investments: European discount retailer Action; international schools group Permotio International Learning Sarl; and software company Cerician HCM Inc.
During the year, the company paid dividends totalling EUR0.56 per share, flat year-on-year.
Princess Private Equity Chair Richard Battey said: "In 2018 Princess achieved a positive [net asset value] performance driven by double-digit revenue and [earnings before interest, taxation, depreciation, and amortization] growth at underlying portfolio company level.
"Following an active period for new investments and realizations, Princess is now fully-invested. An investment in the shares of the company provides investors with exposure to a global portfolio of leading private companies, and the board believes that the portfolio remains well-positioned to generate further value for shareholders."
Shares in Princess Private Equity were up 2.2% at 839.70 pence on Tuesday.
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