3rd May 2012 14:05
News Release
Guernsey, 03 May 2012
Princess completes Asian small-cap buyout investment in Trimco
Princess Private Equity Holding Limited (Princess) alongside other entities managed or advised by Partners Group AG and its affiliates, closed a control buyout direct investment in Trimco International Holdings Limited at the end of April.
Founded in 1979, Trimco is an Asia-based global provider of a full range of garment labels, tags and trimming products to blue chip global apparel companies. Headquartered in Hong Kong, the management has successfully enlarged the company's operational footprint over the last few years with the establishment of subsidiaries in China, India, Thailand and Singapore.
To further internationalize the company's footprint, an add-on acquisition in a UK-headquartered international label solution provider with a presence in the UK, Turkey, Romania and other important garment manufacturing hubs was completed shortly after the transaction closed.
Urs Wietlisbach, member of Princess' Board of Directors and Executive Vice Chairman of Partners Group, the Investment Advisor, commented: "We are very pleased with Princess' direct investment in Trimco, which will also increase the portfolio's allocation to Emerging Markets. In addition to the investment in Trimco, we are actively looking for opportunities to further increase Princess' direct investment allocation over the coming quarters. We are confident that the ongoing transition of Princess towards a direct investment company, together with the attractive dividend yield on the share price, should create further value for Princess' shareholders."
Ends.
About Princess
Princess is an investment holding company founded in 1999 and domiciled in Guernsey. It invests, inter alia, in private equity and private debt investments. Princess is advised in its investment activities by Partners Group AG, a global private markets investment management firm with EUR 25 billion in investment programs under management in private equity, private debt, private real estate and private infrastructure. 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
Investor Relations:
Jan-Frederik Modell
Phone: +44 (0)207 575 2753
Email: [email protected]
Media enquiries:
Partners Group AG
Dr. Anna Hollmann
Communications
Tel.: +41 41 768 83 72
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. Neither the contents of Princess' website nor the contents of any website accessible from hyperlinks on Princess' website (or any other website) is incorporated into, or forms part of, this announcement.
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