Princess Private Equity said its investment advisor Partners Group had agreed to sell Trimco International, a Hong Kong-headquartered apparel-labelling producer, for $520m
The company would be acquired by funds advised by Affinity Equity Partners, with the sale generating a 3.4 times return on the original investment for Partners Group's programs.
Princess would receive proceeds of about $24.4m subject to closing adjustments. That compares to a carrying value of $24.9m at November 30.
At 10:01am: (LON:PEY) Princess Private Equity Holding Ltd share price was +0.09p at 10.05p