- Cordiant Digital Infrastructure (CORD) announced that it has entered into an agreement to acquire the entire issued share capital of Speed Fibre, Ireland’s leading open access fibre infrastructure provider. Speed Fibre is being acquired from the Irish Infrastructure Fund for a total enterprise value of €190.5m. The equity consideration of €97 million will be funded by €68 million in cash and €29 million through a vendor loan note with an initial interest rate of 6% and a maturity of four years.
- Princess Private Equity (PEY) published its half-year report for 2023. NAV total return was 3.5%, including the first interim dividend while shares were up 27.8% over the same period.
- NB Global Monthly Income Fund (NBMI) has advised that it intends to distribute to shareholders an aggregate amount of £20 million by way of a partial compulsory redemption on 26 September 2023. The company will redeem approximately 26.12% of its existing shares on 11 September 2023. This follows resolutions made at its AGM on the 27 January 2023, where the company’s investment objective was changed to realise all existing assets in its portfolio in an orderly manner.
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