9th May 2008 07:58
Princess Private Equity Holding Ltd09 May 2008 News Release Guernsey, 9 May 2008 Princess NAV up 2.0% in April The net asset value ("NAV") of Princess showed a strong increase in April of2.0% to EUR 9.53 per share. By far the greatest contribution stems fromincreases in portfolio value as reported by general partners in their year-end2007 reports, particularly from the large-cap buyout programs. Adjusted for IFRSrevaluations applied to reflect fair market value this accounted for 1.6% of therise in Princess' NAV. In addition, the listed private equity segment showed apositive development driven by the resurgent equity markets. Having beenimpacted by the weak US dollar in past months, the NAV increased by another 0.5%in April on the appreciation of the US dollar. Operating and financing expensesand other income components represent the residual net movement in the NAV. Dr. Stephan Schali, Head Private Alternative Investment Strategies at Princess'investment advisor Partners Group, comments: "We are pleased to see that themajority of the partnerships publishing their 2007 year-end results during Aprilreported a positive performance in their portfolios. The fact that not only thesmall- and mid-cap but also the large-cap partnerships in the Princess portfoliocontributed positively to the NAV development demonstrates that the portfoliosof the large-cap funds are holding up quite well in the challenging environment.The large buyout firms we now see returning to the market are mainly focused onoperational improvements that add value to a company, which is beneficial forthe further development of the funds within the Princess portfolio." About Princess Princess is an investment holding company founded in 1999 and domiciled inGuernsey that invests in private equity and private debt investments. TheCompany is advised in its investment activities by Partners Group AG, a globalalternative asset management firm listed on the SWX Swiss Exchange (tickersymbol: PGHN) with over CHF 24 billion assets under management in privateequity, private debt, private real estate, listed alternative investments, hedgefunds and alternative beta strategies. Princess aims to provide shareholderswith long-term capital growth and an attractive dividend yield. Princess istraded on the Frankfurt Stock Exchange (ticker symbol: PEY1) and on the LondonStock Exchange (ticker symbol: PEY). Further information:www.princess-privateequity.net Contacts Princess Private Equity Holding Limited: Ken Ball General Manager Phone: +44 1481 730 946 [email protected] www.princess-privateequity.net Media enquiries: Partners Group AG Tamara Krebs Communications Tel.: +41 41 768 85 26 [email protected] www.partnersgroup.net This document does not constitute an offer to sell or a solicitation of an offerto buy or subscribe for any securities and neither is it intended to be aninvestment advertisement or sales instrument of Princess Private Equity HoldingLimited. The distribution of this document may be restricted by law in certainjurisdictions. Persons into whose possession this document comes must informthemselves about, and observe any such restrictions on the distribution of thisdocument. In particular, this document and the information contained therein isnot for distribution or publication, neither directly nor indirectly, in or intothe United States of America, Canada, Australia or Japan. This document may have been prepared using financial information contained inthe books and records of the product described herein as of the reporting date.This information is believed to be accurate but has not been audited by anythird party. This document may describe past performance, which may not beindicative of future results. The product does not accept any liability foractions taken on the basis of the information provided in this document. Issued and approved by Partners Group (UK) Ltd., authorised and regulated by theFinancial Services Authority in the United Kingdom. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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