29th Nov 2007 09:03
Princess Private Equity Holding Ltd29 November 2007 Princess Private Equity Holding Limited Tudor House P.O. Box 477 St. Peter Port Guernsey, GY1 1BT Channel Islands Phone: +44 (0) 1481 730 946 Fax: +44 (0) 1481 730 947 www.princess-privateequity.net News Release Guernsey, 29 November 2007 Princess portfolio company sold at 4.2x The Princess Private Equity Holding Limited ("Princess") partnership BridgepointI announced the successful sale of Alliance Medical, the leading provider ofdiagnostic imaging services in Europe to Dubai International Capital LLC for GBP600 million. Under Bridgepoint's ownership, Alliance has grown rapidly from itsoriginal UK base to become Europe's leading provider of diagnostic imagingservices. Since the acquisition in 2001 for GBP 86 million, revenues haveincreased six fold, profits five fold and employee numbers have risen from 177to 690. Furthermore, Alliance Medical's EBITDA increased from GBP 9.9 million toGBP 56 million. This development resulted in a 4.2x multiple for the Princesspartnership Bridgepoint. Sandra Pajarola, Head of Partnership Investment at Princess's investment advisorPartners Group, commented: "This transaction represents another successful exitin the Princess portfolio, indicating the top quality level of our privateequity investments. Through our global network, we at Partners Group can accessoutstanding partnerships for our clients. Apart from the significant returngenerated, this deal furthermore shows the business building approach ofpartnerships like Bridgepoint as indicated by the long investment period and thestrong multiplication of EBITDA and number of employees." 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, a globalalternative asset management firm listed on the SWX Swiss Exchange (tickersymbol: PGHN) with CHF 22bn (as of 30 June 2007) in private equity, privatedebt, private real estate, listed alternative strategies, hedge funds andalternative beta strategies under management. Princess aims to provideshareholders with long-term capital growth and an attractive dividend yield.Princess is traded on the Frankfurt Stock Exchange (ticker symbol: PEY1) and onthe London Stock Exchange (ticker symbol: PEY) with a market capitalization ofapproximately EUR 555m. Further information: www.princess-privateequity.net Contacts: Princess Private Equity Holding Limited: Brian Human Managing Director Phone: +44 1481 730 946 [email protected] www.princess-privateequity.net Media Relations and Partners Group: 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 of Princess Private Equity HoldingLimited or any Co-ownership Interests in any jurisdiction. No offer ofsecurities of Princess Private Equity Holding Limited or Co-ownership Interestsis being, or will be, made to the public. The distribution of this document maybe restricted by law in certain jurisdictions. Persons into whose possessionthis document comes must inform themselves about, and observe any suchrestrictions on the distribution of this document. In particular, this documentand 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. Neither the Ordinary Shares nor the Co-ownership Interests have been and will beregistered under the United States Securities Act of 1933 as amended (the''Securities Act''), and, subject to certain exceptions, may not be offered orsold within the United States or to, or for the account or benefit of, USpersons (as such term is defined in the Regulation S under the Securities Act). This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Partners Grp E