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- Valuation developments drive NAV growth for Princess Private Equity over H1
Valuation developments drive NAV growth for Princess Private Equity over H1 – Princess Private Equity (PEY) has released high-level highlights from its first-half period to 30 June 2019. Key items include:
wdt_ID | Holding | Region | Sector | % of NAV |
---|---|---|---|---|
1 | 1. Permotio International Learning SarL | Western Europe | Consumer discretionary | 10.00 |
2 | 2. Action | Western Europe | Consumer discretionary | 9.50 |
3 | 3. Foncia | Western Europe | Financials | 4.50 |
4 | 4. GlobalLogic Inc. | North America | Information technology | 4.40 |
5 | 5. Form Technologies | North America | Materials | 4.10 |
6 | 6. Fermaca | Rest of the World | Energy | 3.50 |
7 | 7. KinderCare Education | North America | Consumer discretionary | 3.30 |
8 | 8. Techem Metering GmbH | Western Europe | Industrials | 2.80 |
9 | 9. Ammega (Megadyne - Ammeraal Beltech | Western Europe | Industrials | 2.60 |
10 | 10. Hearthside Food Solutions | North America | Consumer staples | 2.50 |
PEY is an investment holding company domiciled in Guernsey that invests in private market investments. Investments include primary and secondary fund investments, direct investments and listed private equity. PEY aims to provide shareholders with both long-term capital growth and an attractive dividend yield. The portfolio has traditionally encompassed a broad sectoral exposure with large geographic exposures to Europe and North America. Buyouts transactions have traditionally dominated the portfolio, with a strong emphasis on small/mid-caps, whilst smaller allocations are made to special situations, mezzanine, venture and growth financing transactions.
Back in September 2017, the company introduced a sterling line of stock, PEYS, that is indistinguishable from the Euro line of stock except in regards to the currency it trades in. NB the PEYS portfolio is not hedged back into sterling.
PEY/PEYS: Valuation developments drive NAV growth for Princess Private Equity over H1
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