Princess Private Equity Holding

Overview
Price performance
Financials
Research
Thematics

Princess Private Equity Holding is an investment holding company domiciled in Guernsey that invests in private equity and has a minor private debt position. Its portfolio consists mostly of direct investments but may also include primary and secondary fund investments. It aims to provide shareholders with long-term capital growth and an attractive dividend yield.

Latest Insights

Investment Companies |
Update

05.12.23

Princess Private Equity Holding — Offering an attractive dividend yield

Investment Companies |
Update

31.08.23

Princess Private Equity Holding — Waiting for a rebound in global PE deal activity

Investment Companies |
Update

03.03.23

Princess Private Equity Holding — Planning to resume dividend payments in June

Financials |
edison tv

13.12.22

Princess Private Equity Holding podcast: Suspension of the second interim dividend payment

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Sector

Investment Companies

Equity Analyst

Milosz Papst

Director, Financials

Key Management

Dr Cyrill Wipfli

Investment manager representative
Sarah Page

IRO

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	(0.7)	4.6	13.9
Relative	(2.0)	(2.1)	11.8
52 week high/low	€10.9/€9.3

Overview

Princess Private Equity Holding (PEY) posted a year-to-date NAV total return (TR) to end-October 2023 of 4.9%, 2.4% of which was from Q323. PEY’s performance continues to be assisted by portfolio earnings, with last-twelve-month (LTM) revenue and EBITDA growth to end-September 2023 of 16% and 15%, respectively, and sustained healthy average EBITDA margin of 24%. PEY’s balance sheet remains firm with c €134m in undrawn credit facility and €3m in cash, further assisted by the Civica sale proceeds upon deal closure. Consequently, PEY will pay out two interim dividends of €0.73 in total in 2023, implying a yield of 6.9% at the current share price.