29th Apr 2014 10:50
LONDON (Alliance News) - Princess Private Equity Holding Ltd Tuesday said its net asset value increased by 1.6% to EUR8.22 per share over the course of March, as it was boosted by positive overall portfolio developments of 1.7% and currency movements of 0.1%.
In a statement, Princess Private Equity said it deployed EUR31.0 million to its direct investments and received EUR7.2 million in distribution.
Princess, which invests in private equity and private debt investments, in March completed the previously announced direct equity investment in MultiPlan Inc, a healthcare cost management provider. The private equity investor also invested in the EUR600.0 million acquisition of Paris-headquartered Kerneos, which is involved in producing and selling specialty cements used in the refractory materials and building-chemistry industries.
Princess is advised in its investment activities by Partners Group AG, an investment management firm with over EUR31.0 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 shares were Tuesday quoted at EUR6.33, down 0.7%.
By Samuel Agini; [email protected]; @samuelagini
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