Company profile - Aberdeen Asian income fund feature image - 28062019- JPGmoney & pens

Princess Private Equity Holding

LN: PEY

€715.7m market cap

€10.35 last close

Princess Private Equity Holding is an investment holding company domiciled in Guernsey that invests in private equity and private debt. Its portfolio may include direct, primary and secondary fund investments. Princess aims to provide shareholders with long-term capital growth as well as an attractive dividend yield. The shares are traded on the Main Market of the London Stock Exchange.

Investment summary

Princess Private Equity Holding (PEY) recorded a particularly high level of investment activity in FY18 (to 31 December), following on from a record year of realisations in FY17. The fund focuses on profitable companies with: a consistent track record of EBITDA growth (an average of 11.5% for 2018 across the whole portfolio); meaningful growth potential, supported by strong competitive positions in growing end markets; and clear scope for manager Partners Group’s industry value creation (IVC) team to add value through operational and governance improvements. PEY’s NAV total return for FY18 was 6.8%, a c 10pp outperformance of global listed equity markets, and although the share price total return for the year was negative as a result of the sharp sell-off in public markets in Q418, it has rebounded by more than 10% year to date (to 1 March). PEY has a high distribution policy and currently offers a dividend yield of 6.0%.

Share price graph
Price performance
%
1m
3m
12m
Actual 7.8 7.1 3.5
Relative* 5.4 4.2 (1.9)
52-week high/low €10.4/€8.4
*% relative to local index
Key management
Felix Haldner Partner
George Crowe Investor Relations

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