5th Mar 2009 07:00
News Release
Guernsey, 5 March 2009
Princess' direct investment Cengage Learning closes follow-on investment
Delmar, a unit of Princess' direct investment Cengage Learning and the leading provider of lifelong learning products and services for the healthcare education market, announced its acquisition of Concept Media, an award winning producer and distributor of education media with a focus on the healthcare industry. The acquisition of Concept Media follows a number of earlier add-on investments, including HighBeam in December 2008, Gatlin Education Services in July 2008 and the Houghton Mifflin College Division in December 2007.
Dr. Stephan Schäli, Head Private Alternative Investment Strategies at Princess' investment advisor Partners Group, comments: "We are pleased to see the healthy development of Cengage Learning and the progress in realizing the company's business plan. In the current market environment, general partners are focusing more than ever on the development of their existing portfolio companies and on optimizing operations and strategic positioning. The acquisition of Concept Media by Princess' direct investment Cengage Learning is a good example of a successful follow-on investment as the company adds high quality multi-media content to Cengage Learning's healthcare product line."
About Princess
Princess is an investment holding company founded in 1999 and domiciled in Guernsey that invests in private equity and private debt investments. The Company is advised in its investment activities by Partners Group AG, a global alternative asset management firm listed on the SWX Swiss Exchange (ticker symbol: PGHN) with over CHF 24 billion assets under management in private equity, private debt, private real estate, private infrastructure, absolute return strategies and listed alternatives. Princess aims to provide shareholders with long-term capital growth and an attractive dividend yield. Princess is traded on the Frankfurt Stock Exchange (ticker symbol: PEY1) and on the London Stock Exchange (ticker symbol: PEY). Further information:
www.princess-privateequity.net
Contacts
Princess Private Equity Holding Limited:
princess@princess-privateequity.net
www.princess-privateequity.net
Registered Number: 35241
Media enquiries:
Partners Group AG
Tamara Krebs
Communications
Tel.: +41 41 768 85 26
www.partnersgroup.net
This document does not constitute an offer to sell or a solicitation of an offer to buy or subscribe for any securities and neither is it intended to be an investment advertisement or sales instrument of Princess Private Equity Holding Limited. The distribution of this document may be restricted by law in certain jurisdictions. Persons into whose possession this document comes must inform themselves about, and observe any such restrictions on the distribution of this document. In particular, this document and the information contained therein is not for distribution or publication, neither directly nor indirectly, in or into the United States of America, Canada, Australia or Japan.
This document may have been prepared using financial information contained in the 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 any third party. This document may describe past performance, which may not be indicative of future results. No liability is accepted for any actions taken on the basis of the information provided in this document.
Approved by Partners Group (UK) Ltd., authorised and regulated by the Financial Services Authority in the United Kingdom.
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