Following high investment activity in 2018, which allowed Princess Private Equity (PEY) to become fully invested, its balance of new investments vs realisations has been broadly neutral so far in 2019. PEY received c €68m in distributions, mainly from the winding down of legacy funds and gradual disposal of Ceridian HCM shares. The proceeds were used to finance a healthy dividend (current yield of 5.7%) and €52m in new deals, mainly in fairly defensive sectors such as healthcare and
29 Nov 2019
Princess Private Equity Holding - Steady realisations support dividend payout
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Princess Private Equity Holding - Steady realisations support dividend payout
Princess Private Equity Holding Limited (PEY:LON) | 1,085 0 0.0% | Mkt Cap: 750.3m
- Published:
29 Nov 2019 -
Author:
Milosz Papst -
Pages:
16
Following high investment activity in 2018, which allowed Princess Private Equity (PEY) to become fully invested, its balance of new investments vs realisations has been broadly neutral so far in 2019. PEY received c €68m in distributions, mainly from the winding down of legacy funds and gradual disposal of Ceridian HCM shares. The proceeds were used to finance a healthy dividend (current yield of 5.7%) and €52m in new deals, mainly in fairly defensive sectors such as healthcare and