QuotedData’s morning briefing 16 June 2021

Ashoka India Equity

In QuotedData’s morning briefing 16 June 2021 –

  • RTW Venture (RTW) raised gross proceeds of $8.967m following the issue of ordinary shares at a price of $2.07.
  • Further to its announcements on 28 May 2021, Ashoka India Equity (AIE)  announced the results of its initial issue, with applications for 2.85m ordinary shares having been received. The shares will be issued at a price of 160.2p.
  • Further to the announcement on 21st May 2021 of its intention to demerge TGI Fridays, Electra Private Equity (ELTA) announced Hostmore as the name of the new parent company for its hospitality brands which is intended to be demerged by Electra and admitted to the main market of the London Stock Exchange late in the third quarter of 2021.  These brands comprise Fridays, the rejuvenated American themed casual dining brand, and the start-up, 63rd+1st, which is a new city-based, cocktail-led bar and restaurant brand.
  • NB Private Equity (NBPE) announced the appointment of Louisa Symington-Mills as a non-executive director with effect on 15 June 2021.
  • Sirius Real Estate, the German business park owner and operator, has raised €350m through the placing of its inaugural corporate bonds. The senior bonds are expected to be rated BBB by Fitch, and have a five year term with a coupon of 1.125%. Net proceeds are to be used to refinance certain existing debt, with the remainder to be deployed on potential acquisitions, as well as general corporate purposes.

We also have the announcement of a placing by Hipgnosis, a look-through investment from Apax Global Alpha, annual results from JPMorgan European Discovery (formerly JPMorgan European Smaller Companies), an update from Taylor Maritime after it successfully completed the deployment of the proceeds raised at IPO last month, and a new acquisition by Tritax EuroBox.

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