International Public Partnerships (INPP), the £2.5bn infrastructure investment company, has sold stakes in nine UK private-public partnership (PPP) projects to InfraRed Capital Partners which will manage the assets on behalf of Dutch pension scheme ABP. Total proceeds from the disposal, involving 15 London comprehensives, special educational schools and further education colleges built as part of […]
Shaires Holdings (SHR), the AIM-listed investment company offering exposure to a portfolio of private artificial intelligence companies, has extended its retail share offer to 4.30pm on 24 August to give it time to reach a “broader range of investors”. The offer of new shares at $20 each at a discount of around 18% to their […]
Aberdeen Asian Income Fund (AAIF) has continued last year’s strong performance with a 28% investment return in the first half of the year largely driven by technology and artificial intelligence stocks. Shareholders in the £452m investment company enjoyed a 30.9% total return in the six months to 30 June as the big gains of Taiwanese […]
Seraphim Space (SSIT) has invested a further £22.2m ($30m) of its £137m C-share issue, adding Hubble Network, a US start-up building the first satellite-powered Bluetooth network, to its portfolio. Hubble is already backed by Seraphim’s fund manager through the Seraphim Space Venture Fund II (SSVII). James Bruegger, chief investment officer of Seraphim Space Manager, said […]
Ceiba (CBA), the £48m Cuban property fund whose shares were suspended after being hit by US sanctions last month, is to be taken over by an administrator following the resignations of its board, management team and external service providers. Ceiba said it welcomed the Guernsey Financial Services Commission’s decision to request the Royal Court of […]
CT Healthcare (CTHT) fund manager Kosta Kleyman has sounded a cautious note on prospects as ‘restrictive’ interest rates and sticky inflation threaten to weigh on the sector’s recovery. In the £69m investment trust’s first interims since Columbia Threadneedle replaced Bellevue Asset Management in March, chair Sarah MacAulay said Kleyman believed healthcare sector share prices were […]
International Public Partnerships (INPP), the £2.5bn infrastructure fund, has written off most of its £24.1m investment in toob, the UK full-fibre broadband provider it backed at launch in 2019. INPP highlighted in June the challenges facing the UK’s altnet market and the “overbuild risk and consolidation pressure” on smaller operators like toob. It was one of […]
US Solar Fund (USF) has granted its potential buyer another 60 days of exclusivity to complete tax analysis and due diligence on the acquisition. This will expire on 16 October and extends the 90-day period the company granted on 18 May when it revealed it had received a non-binding proposal for the acquisition of the […]
3i Group (III) extended its recovery from May lows with the £29bn private equity backer of Action, the European discount retailer, rallying just over 15% in July, following an 11.6% gain in June. RIT Capital Partners (RCP) benefited from a £300m tender offer that spurred shares in the Rothschild-backed global multi-asset fund 12% higher. Greencoat […]
Murray International (MYI), the £2.2bn investment trust flagship run by Aberdeen, delivered a 10.5% investment return in the first half of the year with shareholders receiving 9.9% as the shares saw their premium over net asset value dip to 2.4% from 3%. Although the half-year result underperformed the 12.4% increase in the MSCI ACWI High […]
