PRINCESS PRIVATE EQUITY HOLDING LIMITED P R I N C E S S P R I V A T E E Q U I T Y H O L D I N G L I M I T E D
M o n t h l y r e p o r t a s o f 3 1 M a y 2 0 2 2
Princess publishes May NAV
- Princess Private Equity Holding Limited's ("Princess" or the "Company") net asset value decreased by 1.3% to EUR 14.60 per share
- Portfolio developments (-1.0%) and currency movements (-0.2%) were negative
- Princess invested EUR 6.4 million and received distributions of EUR 49.7 million
In May, Princess invested a total of EUR 6.4 million, of which EUR 6.0 million was invested in a joint take-private with Permira to acquire Mimecast, a leading UK-based email security and cyber resilience company. Mimecast provides SaaS-based enterprise email management including archiving, dis- covery, continuity, security, and policy from a cloud-based solution. The value creation strategy will focus on leveraging the company's industry leading email security technology to further innovate and expand its current presence in the small and midsize market against the backdrop of the increasing magnitude and sophistication of malware threats.
Princess received distributions of EUR 49.7 million during the month, of which EUR 48.9 million stemmed from an additional redemption from its investment in senior loans for liquidity management purposes. The remaining balance of EUR 0.8 million was predominantly received from Princess' mature legacy fund portfolio.
Key figures
In EUR | 30.04.2022 | 31.05.2022 |
NAV per share | 15.18 | 14.60 |
Share price | 12.55 | 11.57 |
Discount to NAV | -17.3% | -20.7% |
Portfolio (in million) | 1'084.53 | 1'022.40 |
Net current assets (in million) | -35.06 | -12.69 |
Net asset value (in million) | 1'049.47 | 1'009.71 |
Unfunded commitments (in million) | 112.21 | 111.39 |
Undrawn credit facility (in million) | 59.50 | 41.50 |
Dividend LTM | 0.67 | 0.72 |
Dividend yield | 5.3% | 6.2% |
Key figures in GBP
In GBP | 30.04.2022 | 31.05.2022 |
NAV per share | 12.75 | 12.42 |
Share price | 10.58 | 9.34 |
NAV performance (total return)
400 | 50% |
300 | 25% |
200 | |
100 | 0% |
0 | -25% |
02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 |
■ Princess ■ MSCI World TR ■ Performance (RHS) | |||||||||||||||||||
Total return in EUR (%) | |||||||||||||||||||
YTD | 1 year | 3 years | 5 years | ||||||||||||||||
Princess NAV | -1.8 | 5.3 | 45.8 | 73.2 | |||||||||||||||
Princess share price | -17.6 | -3.7 | 38.1 | 51.8 | |||||||||||||||
MSCI World TR | -7.6 | 8.6 | 48.7 | 66.9 | |||||||||||||||
Largest ten direct investments | |||||||||||||||||||
% of NAV | |||||||||||||||||||
1. | SRS Distribution, Inc. | NAM | Materials | 5.4 | |||||||||||||||
2. | PCI Pharma Services | NAM | Healthcare | 4.2 | |||||||||||||||
3. | Foncia | WEU | Financials | 4.1 | |||||||||||||||
4. | KinderCare Education | NAM | Consumer | 4.0 | |||||||||||||||
discretionary | |||||||||||||||||||
5. | Ammega (Megadyne - Ammeraal Beltech) | WEU | Industrials | 3.8 | |||||||||||||||
6. | Vishal Mega Mart | APC | Consumer | 3.8 | |||||||||||||||
discretionary | |||||||||||||||||||
7. | Techem Metering GmbH | WEU | Industrials | 3.2 | |||||||||||||||
8. | EyeCare Partners | NAM | Healthcare | 2.9 | |||||||||||||||
9. | United States Infrastructure Corporation | NAM | Utilities | 2.8 | |||||||||||||||
10. | Fermaca | ROW | Energy | 2.7 | |||||||||||||||
Monthly NAV performance (total return) | |||||||||||||||||||
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |||||||
2017 | 1.0% | 2.1% | 2.7% | 1.1% | -0.0% | 1.6% | -0.4% | -0.2% | 1.8% | 0.4% | -0.5% | 1.1% | 11.2% | ||||||
2018 | 0.2% | 1.0% | 0.7% | 0.8% | 0.2% | 2.7% | 1.1% | 0.2% | 2.1% | -0.6% | -0.2% | -1.6% | 6.8% | ||||||
2019 | 0.7% | 1.8% | 3.0% | 0.6% | 0.8% | 2.3% | 0.4% | -0.2% | 4.2% | -0.4% | 0.5% | 5.7% | 21.1% | ||||||
2020 | 0.2% | -1.0% | -14.1% | 5.6% | 3.0% | 2.9% | 2.3% | 3.1% | 3.8% | -0.8% | 3.1% | 3.1% | 10.0% | ||||||
2021 | 0.1% | 0.9% | 7.3% | 1.5% | 1.2% | 4.8% | 0.6% | 1.1% | 0.9% | 0.8% | -0.4% | -0.8% | 19.4% | ||||||
2022 | -0.8% | -0.8% | 1.7% | -0.6% | -1.3% | -1.8% |
P R I N C E S S P R I V A T E E Q U I T Y H O L D I N G L I M I T E D
M o n t h l y r e p o r t a s o f 3 1 M a y 2 0 2 2
Princess Private Equity Holding Limited (Princess or the Company) is an investment holding company listed on the London Stock Exchange. The Company's investment objective is to provide shareholders with long-term capital growth and an attractive dividend yield by investing in a global portfolio of private companies. Princess is managed in its investment activities by Partners Group, a global private markets investment management firm with USD 127 billion in investment programs under management in private equity, private debt, private real estate and private infrastructure.
Information
For further information please visit:
www.princess-privateequity.net
Key facts
Stock exchange | London |
Reuters Euro Quote | PEY.L |
Reuters Sterling Quote | PEYS.L |
Bloomberg Euro Quote | PEY LN |
Bloomberg Sterling Quote | PEYS LN |
ISIN (Euro and Sterling Quote) | GG00B28C2R28 |
Sedol Euro Quote | B28C2R2 |
Sedol Sterling Quote | BF012D4 |
Product life start date | 12.05.1999 |
Shares outstanding | 69'151'168 |
Investor Relations
Phone: +44 (0) 1481 711 690
Fax: +44 (0) 1481 730 947 princess@partnersgroup.com
Registered Office
Princess Private Equity Holding Limited
Tudor House
P.O. Box 477
Guernsey, GY1 6BD
Portfolio composition
Investments by regional focus
A | North America | 51% | ||
D | B | Europe | 35% | |
C | C | Asia-Pacific | 9% | |
D | Rest of World | 5% | ||
A | ||||
B | ||||
Investments by financing category | ||||
A | Buyout Small/Mid-cap | 52% | ||
D | B | Buyout Large/Mega-cap | 31% | |
C | C | Special situations | 13% | |
D | Venture capital | 4% | ||
A | ||||
B | ||||
Investments by transaction type | ||||
A | Direct | 96% | ||
B | B | Primary | 4% |
A
Key figures in GBP EUR NAV converted to GBP at month-end GBP/EUR exchange rate from Bloomberg. NAV performance (total return) Indexed to 100 at inception of Princess Private Equity Holding Limited, showing last twenty years. Princess:based on monthly total return valuations. MSCI World TR: Bloomberg NDDUWI Index in EUR. Largest ten direct investments Based on net asset value. Portfolio composition Based on total value of investments.
This document is not intended to be an investment advertisement or sales instrument; it constitutes neither an offer nor an attempt to solicit offers for the product described herein. This report was prepared using financial information contained in the company's books and records as of the reporting date. This information is believed to be accurate but has not been audited by any third party. This report describes past performance, which may not be indicative of future results. The company does not accept any liability for actions taken on the basis of the information provided. Please consult the constituent documents for a more complete description of the terms.
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Disclaimer
Princess Private Equity Holding Limited published this content on 29 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 June 2022 05:56:02 UTC.
