19th May 2016 10:26
LONDON (Alliance News) - Princess Private Equity Holding Ltd on Thursday said its net asset value increased in the first quarter as it declared its first interim dividend of 2016.
Princess said its net asset value per share grew to EUR9.53 in the quarter to the end of March, up 0.2% from the end of 2015. It will pay a EUR0.27 dividend for the first quarter, flat year-on-year.
The group said the biggest contributors to its net asset value growth in the quarter included healthcare cost management services firm MultiPlan, non-food discount retailer Action Nederland BV and high-end vacuum valves supplier VAT Group AG.
"Looking forward to the year ahead, we remain confident that the robust trading performance of Princess' global portfolio of mid-cap companies will continue to create value for shareholders," said Princess Chairman Brian Human.
Shares in Princess were down 0.1% to EUR7.70.
By Sam Unsted; [email protected]; @SamUAtAlliance
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