Bluefield Solar Income (BSIF) and its fund manager Bluefield Partners have put themselves up for sale after a majority of the investment company’s shareholders objected to a proposal floated last month for them to merge. The £414m renewables fund has launched a “coordinated” strategic review and formal sales process after shareholders stated their clear preference […]
International Public Partnerships (INPP), the FTSE 250 infrastructure investment company, has reached financial close on its £254.3m equity investment in the construction of Sizewell C, the first new UK nuclear plant to be procured under a regulated asset base model. As announced in July, the £2.3bn Amber Infrastructure managed company will invest £50m a year […]
Asset Value Investors (AVI) has reopened hostilities with Symphony International (SIHL), four years after the activist fund manager unsuccessfully sought to remove its board. In a new broadside, AVI accused the Asian private equity fund of pocketing $10m (£7.7m) in annual management fees while doing nothing to help investors stuck with shares languishing 60% below […]
Mobius (MMIT), the £167m emerging markets smaller companies investment trust, has suffered a setback after investors sold 43.1% of its shares in a three-yearly redemption facility. Valid redemption requests were received for over 49.7m shares by yesterday’s deadline, said the company, which was co-founded by pioneering emerging markets fund manager Mark Mobius seven years ago. […]
Chrysalis Investments (CHRY) is weighing proposals for its future after the growth capital fund found investors split on the investment company’s next step. A six-month consultation by investment bank Rothschild & Co with holders of 58% of Chrysalis shares found “widespread agreement” that the £613m pre-flotation, private equity fund holds attractive investments, such as Starling […]
Life Science REIT summmons shareholders to a meeting to approve its managed wind-down and Partners Group Private Equity reports a good gain in September. Life Science REIT (LABS) is calling shareholders to a general meeting in London on 24 November to approve a change in its investment policy in order for the company to begin […]
PRS REIT (PRSR) has finalised its takeover by Waypoint Asset Management on behalf of four UK local authority pension schemes. Shares in the family rental home provider jumped 2.7%, or 3p, to 114.4p this afternoon as the real estate investment trust announced it had secured essentially the same terms outlined by the two sides seven weeks ago, adjusted for changes in […]
A drop in the number of Chinese students has hit Empiric Student Property (ESP), 10 weeks after shareholders approved its £634m takeover by Unite (UTG). In a trading update, the student accommodation provider warned that since 9 September a slowdown in reservations across the university sector meant that just 89% of its rooms were booked for the current academic year, down from 95% last October, although it had seen […]
Ecofin US Renewables (RNEW), the £33m infrastructure fund that began a managed wind-down last December, has agreed to sell “Whirlwind”, its troubled 59.8MW wind project in Texas, for a maximum of $30m. Although that is in line with the asset’s $29.9m valuation at 30 June only $12m of the payment will be upfront upon completion […]
Ocean Wilsons (OCN) says “adverse weather conditions resulting from the proximity of Hurricane Melissa to Bermuda” have delayed the court sanction hearing into shareholder Arnhold’s objections to its merger with Hansa Investment Company (HANA). The hearing started on Thursday but due to reduced court time will continue this week. Ocean Wilsons will make a further […]
