3i Infrastructure makes further investment in ESVAGT – 3i Infrastructure has agreed to acquire the stake in ESVAGT owned by its co-investor AMP Capital. This will result in 3i Infrastructure holding 100% of the equity in ESVAGT. The ticket price for this further investment is expected to be £268m. Completion is subject to certain third party […]
EPE Special Opportunities backs SPAC – EPE Special Opportunities has committed to invest a total of €10m into EPIC Acquisition Corp, a newly incorporated special purpose acquisition company (SPAC) and its sponsor, EAC Sponsor Limited. Epic Acquisition Corp has announced its intention to raise up to €150m and its expected admission to listing and trading on […]
In QuotedData’s morning briefing 2 December 2021: ICG Enterprise Trust (ICGT) is investing in European Camping Group alongside funds advised by PAI Partners. The investment is being led by PAI Europe VII. ICGT will invest as a limited partner in that fund and also through a direct co-investment. Altogether, ICGT’s investment will be about €11.2m. European Camping […]
AVI claims moral victory in Third Point tussle – AVI (manager of AVI Global Trust) and three other shareholders in Third Point Investors (including Metage Capital and Global Value Fund) who together represent over 18% of Third Point’s shares requisitioned an EGM to remove Joshua L. Targoff from Third Point’s board. AVI says that the […]
Amedeo Air Four plans cash distribution and restores dividends – Amedeo Air Four Plus says that the £30m it held onto – to provide some financial flexibility – following the sale of two planes last September is no longer needed. It now plans to hand this back to shareholders. At the same time, the board […]
AVI Japan gets boost from Daibiru bid – Today, after market close in Japan, Mitsui OSK Lines announced a takeover bid for its listed subsidiary real estate business Daibiru at a share price of ¥2,200, a 50% premium to the undisturbed closing price. Daibiru accounted for 5.3% of AVI Japan Opportunities’ NAV ahead of this news; […]
Shake up for Aberdeen Standard Asia Focus – prompted we think by a persistent discount, Aberdeen Standard Asia Focus’s board has been carrying out a comprehensive review of the company’s long-term strategy and has also addressed how to make it more competitive and attractive to investors, in particular, retail investors. The board is proposing the […]
In QuotedData’s morning briefing 30 November 2021: Octopus Renewables Infrastructure says that following the completion of construction of the 48MW Ljungbyholm Wind Farm in Sweden and the site becoming fully operational in June 2021, the Company has entered into a Power Purchase Agreement (PPA) over the electricity to be generated at Ljungbyholm. The counterparty to […]
Sequoia could be hit by busted Bulb – Sequoia Economic Infrastructure notes press statements that Bulb Energy Ltd (“Bulb”) is supportive of entering into the special administration regime established by the Energy Act 2011. If this were to occur, the parent company of Bulb, Simple Energy Limited would enter into normal administration. £55m loan The […]
In QuotedData’s morning briefing 23 November 2021: Will Wyatt will step down as chief executive of Caledonia Investments (CLDN) in July next year. Will’s successor is Mathew Masters, currently head of Caledonia quoted equity. Mat will join the board as chief executive designate on 1 April 2022. Before joining Caledonia in 2005, Mat worked at […]
