6th Oct 2009 10:16
News Release
Guernsey, 6 October 2009
Princess partnership Silver Lake Partners III invests in Skype; quarterly update conference call to be held on 13 October 2009
An investor group lead by Princess partnership Silver Lake Partners III completed the purchase of a 65% interest in online phone company Skype Technologies from eBay for approximately USD 1.9 billion in cash and a USD 125 million debt instrument. Skype offers free video and voice calls, instant messaging and file sharing as well as low-cost calls to landlines and mobile phones to more than 480 million registered users, generating revenues of USD 551 million in 2008. During the last months, Skype launched a popular iPhone application and also introduced partnerships with mobile phone companies to extend the range of its services, thereby attracting thousands of new users daily.
Dr. Stephan Schäli, Partner and Head Private Capital at Princess' investment advisor Partners Group, comments: "Silver Lake Partner's investment in Skype demonstrates the importance of Princess selecting leading general partners that provide the portfolio with a variety of innovative investments. The addition of this high quality portfolio company, which is expected to further benefit from Silver Lake Partner's technological expertise, should be beneficial for the future development of Princess."
Princess will hold a conference call on 13 October 2009 at 9.30am BST in English and at 8.30am BST in German to update interested parties on the recent developments of the Princess portfolio. The information disclosed will refer to unaudited figures as at 30 September 2009.
Date:
Tuesday, 13 October 2009
Time:
English:
9:30-10:15am (Dublin, London)
10:30-11:15am (Zurich, Frankfurt)
German:
8:30-9:15am (Dublin, London)
9:30-10:15am (Zurich, Frankfurt)
Phone number:
+44 207 107 0611 (from the UK)
+41 (0)91 610 5600 (from Continental Europe)
+1 (1) 866 291 4166 (from the US)
All lines will be open 10 minutes prior to the beginning of the conference call.
The result presentation will be available ahead of the conference call under the following link: http://www.princess-privateequity.net/en/investor_relations/webcast_live-events.php?ml
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 SIX 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:
www.princess-privateequity.net
Registered Number: 35241
Media enquiries:
Partners Group AG
Tamara Krebs
Communications
Tel.: +41 41 768 85 26
www.partnersgroup.com
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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