In QuotedData’s morning briefing 1 September 2020:
- CIP Merchant Capital has sold its interest in Circassia Group, a specialty biopharmaceutical company focused on respiratory diseases and quoted on AIM, for approximately £3.9m, resulting in a net profit of £1.1m. Circassia is the first investment that CIP Merchant Capital has sold. It made a 1.4 times cash on cash return and an IRR of 72% (since 10 January 2020).
- Gresham House Energy Storage has announced the second of two dividends of 1.75p and an NAV of 98.16p for the six months ended 30 June 2020. The NAV fell by 2.6p “due to downward revisions to forward curves in the wake of the COVID-19 pandemic and partially uncovered dividend due to cash weighting“.
Also Hipgnosis has bought a catalogue and Urban Logistics is planning another fundraise, six months after the last one.