In QuotedData’s morning briefing 12 October 2023:
- North Atlantic Smaller Companies (NAS) has sold its stake in Assisi Pet Care. On a look-through basis the trust invested £3.6m over the course of three years via a buy and build investment strategy and expects to receive at the closing, approximately £11m. This represents an uplift on the 30th June 2023 valuation of approximately £7.6m.
- JPMorgan Emerging Europe, Middle East & Africa (JEMA) has sold its stake in Detsky Mir via a tender offer for RUB 286.2m (about £2.35m). The proceeds are being held in a custody ‘S’ account in Moscow. The money cannot be transferred outside Russia and so this amount is not included in the fund’s NAV.
- Pollen Street (POLN) shareholders have approved its plan to recategorise itself as a commercial company rather than an investment company.
We also have portfolio updates from HydrogenOne and Gore Street Energy Storage, a conditional tender offer for European Opportunities, a new investment for Hg Capital, and results from Fidelity Asian Values