In QuotedData’s morning briefing 11 October 2023:
- Apax Global Alpha (APAX) announced that it has invested approximately €16.6m in Bazooka Candy Brands. Apax’s Internet/Consumer sector team, working in partnership with Bazooka’s management team, will look to stand the company up as an independent business and build on the success of Bazooka’s global portfolio of confectionery brands. In support of its growth efforts, the team will focus on distribution growth, product innovation, geographic expansion, and the strategic acquisition of brands in complementary categories.
- Invesco Perpetual UK Smaller Companies Investment Trust (IPU) announced its interim results for the six months ended July 31 2023. Total NAV return was -6.9% while shares were down -5.4%. This compares to a benchmark return of -4.2%. It has been a challenging period for the smaller companies sector as a whole although management hope that the outlook should improve in the second half as inflation and interest rates may have peaked.
We also have updates from Regional REIT, Big Yellow Group, HydrogenOne, Picton Property, and ThomasLloyd Energy Impact.