Ocean Wilsons (OCN) has rejected criticisms of its proposed £900m merger with Hansa Investment Company (HANA) by US fund manager Arnhold as “inaccurate and misleading”. Having met and corresponded with Arnhold over its concerns, Ocean Wilsons said it was “extremely disappointed” to see its claims repeated in an open letter on Monday. Ocean Wilsons said […]
Further updates from private equity funds include the last set of half-year results from Apax Global Alpha before its fund manager takes it private plus July valuation reports from Pantheon International, Patria and NB Private Equity. Winding-down Abrdn European Logistics Income prepares to pay out a further £53m to shareholders. Apax Global Alpha (APAX) issues […]
Shareholders in VH Global Energy Infrastructure (ENRG) have given their near unanimous support to put the £409m portfolio into a three-year run-off. At an extraordinary general meeting today 94.5% of votes were in favour of changing the investment objective to one of getting the best returns for shareholders through the orderly sale of its assets. […]
The dollar’s historically large fall against the euro helped knocked 8.2% off the net asset value of Partners Group Private Equity (PEY) in the first half of the year. Chair Peter McKellar said it was a “disappointing” result after the 11.4% gain the £705m investment company made last year. The shares were unchanged at €10.20 […]
Octopus Renewables Infrastructure to save shareholders an estimated £700,000 a year after negotiating a change in its quarterly fund management fee; CT Private Equity’s half year results show a 4.5% fall in net asset value; and Intuitive Investments raises more money for China’s lottery operator. CT Private Equity (CTPE), the £340m private equity fund run […]
Arnhold, a New York-based fund manager, says it will vote against the merger of Ocean Wilsons with Hansa Investment Company, saying a wind-up of the company would be best for its shareholders. Arnhold, a US value investor, has challenged the £900m merger of Hansa Investment Company (HANA) and Ocean Wilsons (OCN), saying it is unfair […]
Our morning roundup includes Foresight Solar and Foresight Environmental Infrastructure selling a jointly-owned battery storage construction site in Perthshire in line with the recent valuation; Riverstone Energy releases first half results following shareholders’ vote to place it in a managed wind-down; and Primary Health Properties says its unconditional bid for Assura has received 92% acceptances […]
Fidelity China Special Situations is the top-performing UK investment trust after a 13% advance last month extended its impressive 12-month gain that has defied concerns over the trade war with the US. Fidelity China Special Situations (FCSS), the most highly-geared of the three London-listed China funds, saw its shares jump 13% in July. With the […]
Stock markets fell, the dollar weakened and gold prices rose after US President Trump escalated his attack on the Federal Reserve, firing Lisa Cook from her position as a governor on the central bank’s board. After choppy trading in Asia, European markets opened lower on Tuesday with the EuroStoxx 50 falling 0.9% and the FTSE […]
Our morning roundup sees UK private equity fund Literacy Capital issue half-year results and Riverstone Energy receive overwhelming shareholder support for a gradual wind-down. Literacy Capital (BOOK), the £233m UK private equity fund trading on a 25% discount, says it is “rebalancing our emphasis from new investments, towards building and maximising value from our current […]
