- ICG Enterprise (ICGT) announced that PAI Partners had reached an agreement to sell Roompot, an operator and developer of holiday parks in Northern Europe, to KKR, for an undisclosed sum. PAI Partners is one one of Europe’s leading private equity managers. Roompot, is the ICGT’s 6th largest investment, representing 2.1% of the portfolio at 30 April 2020. Based on the expected net proceeds from the transaction, ICGT estimates the uplift would be equivalent to an increase in in the net assets of the company of 1.3%, or 14p per share.
- The board of Edinburgh Investment Trust (EDIN) announced that it had renewed the company’s revolving credit facility, with The Bank of New York Mellon for £50m, replacing the previous facility of £150m.
We also have annual results from BMO Global Smaller Companies, a new project from Gore Street Energy Storage, the activation of BioPharma Credit‘s discount control mechanism and news of one of FastForward Innovations‘s filing from Chapter 11 reorganisation.