In QuotedData’s morning briefing 4 September 2024:
- Apax Global Alpha Limited (AGA), the closed-ended investment company providing access to the Apax Private Equity Funds, today announced that it expects to invest approximately €12m in Altus Fire & Life Safety on a look-through basis. On 3 September 2024, Apax XI, in which AGA is a limited partner, announced an investment in Altus Fire & Life Safety, a leading provider of regulation-mandated fire and life safety services in the northeastern region of the United States. The transaction closed in August 2024.
- Global Opportunities Trust (GOT) announced its interim results for the period ended 30 June 2024. The NAV total return was 3.1% whilst the share price increased by 1.0%. In comparison, broader market benchmarks returned 12.2% although the company notes is has no stated benchmark against which it seeks to outperform.
- MIGO Opportunities Trust (MIGO) announced that 5.3% of its outstanding shares have been elected following its realisation opportunity. The realisation price for the elected shares is 358.22 pence per ordinary share, a 2% discount to the NAV per ordinary share.
- CLS Holdings (CLI) has let 8,939 sqm (96,219 sq ft) of office and laboratory space at Fangdieckstrasse 75 in Hamburg to the Hamburg Institut für Pathologie und Hämatopathologie (HPH). The HPH Institute, which specialises in the diagnosis of haematological diseases, has extended its existing lease of 5,628 sqm (60,579 sq ft) of office and laboratory space until 2035 and has leased an additional 3,311 sqm (35,639 sq ft) of office and production space in the property. The HPH Institute will move into the additional space from September 2024, following the current occupier’s lease surrender, meaning the property will remain fully let. Fangdieckstrasse 75 was acquired by CLS in 2007 and has since been fully refurbished and successfully repositioned as a science and healthcare hub. The multi-tenant property has 13,092 sqm (140,921 sq ft) and offers a mix of office, light industrial, and laboratory space.
