In QuotedData’s morning briefing 5 January 2021:
- Apax Global Alpha says that Apax IX (one of the underlying funds that make up its portfolio) is selling a minority stake in Paycor. The transaction values the trust’s investment in Paycor at approximately €51m. This represents an uplift of about 30% and adds about €11.8m (€0.02 per share) to the NAV as at 30 September 2020. Paycor is a leading provider of SaaS (software as a service) payroll and human capital management software.
- There was nothing new in Gabelli Value Plus+’s interim results to offer comfort to shareholders. The statement confirmed the losses the trust incurred as in investor in Hertz, which filed for Chapter 11 bankruptcy last year.
We also have news of another deal by Hipgnosis and there have been some developments at Tufton, manager of Tufton Oceanic Assets