Busy Blackstone has not only tied up a £1bn deal to invest in Tritax Big Box, it is also considering a cash offer for UK self-storage group Big Yellow, sending its shares sharply higher; RIT Capital Partners sees stake held by Rotshchild family foundation rise; and Vietnam Holding is to redeem 17.9% of its shares at the end of the month.

Big Yellow Group (BYG) shares have shot up 19% after Blackstone confirmed reports that one or more of its funds was considering a cash offer for the £2.3bn UK self-storage group. The US alternative assets group said the evaluation of BYG was at a preliminary stage and it was considering, among other factors, the macro-economic environment and the potential impact of next month’s Budget. Seperately, BYG said it had met a small number of parties in relation to a range of options including a potential sale of the company but had not received an approach and was not in discussions in respect of a potential sale. The news came as Blackstone tied up a £1bn asset for equity swap with Tritax Big Box (BBOX) that will see it take an 8.7% stake in the £3.5bn UK logistics fund.

RIT Capital Partners (RCP), the £2.8bn Rothschild family backed global multi-asset fund, says the Rothschild Foundation has seen its stake in the company rise from 10% to 11% as a result of the ongoing share buyback programme in response to its 27% share price discount.

Vietnam Holding Limited (VNH) says that shareholders who sold 17.9% or 4.2m shares in the annual redemption facility in August will receive 431.3p per share at the end of this month, following which the £95m company will have nearly 19.3m shares with voting rights in issue, along with 261,179 held in treasury. Last week stock market index provider said it would move Vietnam from a frontier to secondary emerging market from 21 September next year. The reclassification is subject to an interim review in March but could encourage further institutional investment in the country.  

Cordiant Digital Infrastructure (CORD) says Steven Marshall, executive chair and co-founder of its fund manager, bought another 551,900 shares at 97p per share last Thursday, taking his holding to just over 13.8m shares. Following recent share purchases by members of the board and the fund management team, insiders now hold 16.6m shares or 2.17% of the £737m investment company standing on a 26% discount.

Fair Oaks Income (FAIR) has published a shareholder circular on its plans to bring forward a continuation vote to the annual general meeting on 31 October and to remove the fixed life of the master fund in which the high-yielding debt fund invests.

CT Global Managed Portfolio (CMPI, CMPG) says non-executive director Simon Longfellow will join index fund tracking giant Vanguard in January as a full-time head of content and creative for UK and Europe. As a result he will step down from the board where he has chaired the marketing committee. A replacement will be recruited.

Utilico Emerging Markets (UEM) underperformed the rally in global emerging markets last month. Its portfolio returned 1.3% and its shares gained 2%, narrowing their discount from 11.9% to 10.5%, while the MSCI Emerging Markets leaped 7.5% in sterling. It said UEM’s focus on infrastructure and utility stocks and underexposure to artificial intelligence (AI) investments was the main reason. In the first six months of UEM’s financial year to 30 September, UEM’s total return was up 12.7% versus a gain of 18.8% in the index.