8th Nov 2007 09:00
Princess Private Equity Holding Ltd08 November 2007 Guernsey, 8 November 2007 Princess Private Equity Holding Limited presents its October 2007 figures Princess net asset value up 0.9% in October The net asset value per share of Princess Private Equity Holding Limited("Princess") advanced by 0.9% during the month of October. While again a numberof portfolio partnerships reported favorable developments, among others PartnersPrivate Equity reported a positive event for u-blox Holding AG. The Swisstechnology company went public on the Swiss Stock Exchange on 25 October 2007 inan IPO that was almost seven times oversubscribed. The share price rose by morethan 100% until the end of the month leading to a substantial valuationadjustment in the Princess portfolio. While Princess partnership PartnersPrivate Equity sold a part of its holding in u-blox during the IPO, it continuesto remain invested in the company. u-blox develops positioning technology,products and services based on Global Navigation Satellite Systems (GNSS),including GPS and GALILEO, for the automotive and mobile terminal communicationsmarkets as well as for high precision infrastructure applications. Urs Wietlisbach, a member of the board of Princess and a co-founder of PartnersGroup, the Investment Advisor to Princess comments: "With this month's result,Princess continues its solid performance, showing an advance of 12% since thebeginning of the year, of 19% in the last twelve months and 68% in the lastthree years. This, in addition to the new listing on the London Stock Exchangeand the attractive current dividend yield of 6.8%, with a second semi-annualdividend payment announced earlier this week, should further enhance theattractiveness to investors." More information is available from the October monthly report published todayunder www.princess-privateequity.net. Quarterly conference call Princess will hold a conference call hosted by Urs Wietlisbach, to present thelatest development of the Princess portfolio on 9 November 2007 at 8am GMT inGerman and at 9am GMT in English. Dial-in details can be viewed at the InvestorRelations website at www.princess-privateequity.net (Web cast & live events). 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 585m. 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