In QuotedData’s morning briefing 5 April 2022:
- Digital 9 Infrastructure (DGI9) has completed the acquisition of Leeson Telecom (Host Ireland), a leading enterprise broadband provider in Greater Dublin. The purchase price was about €60m. Host Ireland owns and operates the highest capacity licensed microwave-based Fixed Wireless Access network in Greater Dublin. It provides high quality, wireless broadband (up to 2 Gbps symmetrical) to 1,600 enterprise customers, including multinational corporates, government bodies and technology companies for which reliable connectivity is critical. This is Digital9’s first investment into wireless infrastructure.
- Capital Gearing (CGT) is asking shareholders for permission to issue more shares, having run out of its existing permissions. There’ll be a meeting on 25 April.
- Standard Life Private Equity Trust says that its name changed, with effect from 1 April 2022, to abrdn Private Equity Opportunities Trust. The change of name was approved by shareholders at the Annual General Meeting on 22 March 2022, and the company has today received final approval from Companies House to effect the change. In line with the change in name, the new ticker is APEO,
- Infrastructure India (IIP) has agreed to extend a long stop date in relation to the conditional sale of Indian Energy (Mauritius) Limited’s assets (for about £5.5m). The company is an independent power producer that owns and operates wind farms at two sites in the states of Karnataka and Tamil Nadu. Each wind farm is held within separate Special Purpose Vehicles – Theni and Gadag. The long stop dates for the sales of Theni and Gadag were 15 March 2022, extended to 4 April 2022 and 15 May 2022, respectively. Now the long stop date for Theni has been extended to 20 April 2022. The long stop date for Gadag remains the same, however, both parties have agreed they will aim, if possible, to complete both transactions at the same time. The fund says that its creditors continue to be supportive, however, should the sale of the SPVs not proceed, it will not have adequate funding to meet its liabilities when they fall due and will need to identify other sources of financing.
- Schroder UK Public Private Trust (SUPP) has completed the sale of its holding in Seedrs for £12m. An uplift in the valuation was already reflected within the NAV.
We also have results from Impax Environmental Markets