In QuotedData’s morning briefing 22 June 2021:
- JPMorgan Emerging Markets (JMG) has revised its investment management fee arrangements after a review recently performed by its board. With effect from 1 July 2021, the investment management fee will be charged at 0.75% per annum on the value of the company’s total assets less current liabilities (previously at 1% up to £500m and 0.75% thereafter).
- Oakley Capital Investors (OCI) has made a new investment via Oakley Capital Private Equity III (Fund III) in Portuguese leader in business management software, Primavera Business Software Solutions, subject to regulatory approval. The investment will be combined with existing Oakley Capital portfolio company Ekon, a Spanish provider of enterprise resource planning software, to create a new group under the name Grupo Primavera, which will be the largest independent provider of business software in Iberia. OCI’s indirect contribution via Fund III will be £11m. Peter Dubens, managing partner of Oakley Capital, said: “This is another example of Oakley’s ability to invest in founder-owned technology businesses and execute buy-and-build strategies. With the adoption of cloud technology in Iberia being behind the rest of Europe, we see significant value and further potential in growing the largest independent business software platform to service SMEs within the region.”
We also have interim results from Schroder UK Mid Cap and Bankers and a new investment from NextEnergy Solar.