In QuotedData’s morning briefing 21 September 2021: Workspace has sold 13-17 Fitzroy Street, London for £92m. The 92,700 sq ft property has been vacant since Arup moved out in June 2021. The sale price represents a 3.2% discount to the last valuation as at 31 March 2021 and a capital value of £993 per sq […]
As we discussed in Friday’s news show, it has been a good week for private equity investors. Hg Capital said it had sold its investment in supply chain management software company Achilles at a 20% premium to its last valuation, adding 0.9% to NAV. Apax Global Alpha announced an 89% uplift in the value of […]
HDIV shareholders approve changes – Henderson Diversified Income Trust says shareholders have approved changes to the investment objective and policy, a replacement benchmark and new Articles of Association (the latter point allows the holding of virtual and/or hybrid GMs/AGMs along with some other minor administrative changes). All of these changes are effective immediately. The new […]
Schroder UK Public Private to benefit from Oxford Nanopore IPO? – Schroder UK Public Private has highlighted that its portfolio company Oxford Nanopore Technologies Limited has today filed notice of its intention to float. As part of the potential IPO, it is expected that the company will include a limited secondary offer of £300m, half […]
Apax hails Thoughtworks IPO – The Apax IX Fund, in which Apax Global Alpha is a limited partner, is an indirect shareholder in Thoughtworks, a global technology consultancy that integrates strategy, design and engineering to drive digital innovation. Following Thoughtworks’ announcement on the 14 September 2021 of the pricing of its initial public offering of common […]
In QuotedData’s morning briefing 16 September 2021: GCP Asset Backed Income says that on 15 September 2021 certain entities within what it terms “the Co-living Group” were placed into administration. We highlighted the fund’s problems with this loan on Monday. GCP Asset Backed Income, its co-lenders and an operator have formed a syndicate to fund […]
HgCapital Trust plans to invest about £24m into HHAeXchange (HHAX), a provider of homecare management solutions for payers, providers, and state Medicaid agencies. Hg is investing alongside other institutional clients of Hg through the Hg Genesis 9 Fund. Cressey & Company LP, a healthcare-focused private investment firm which first partnered with HHAX in 2018, will […]
In QuotedData’s morning briefing 14 September 2021: Henderson High Income, managed by David Smith (pictured), made a great start to 2021 outperforming its benchmark by 3.9% to produce an NAV return of 12.3% for the six months ended 30 June. Shareholders did much better than that though as the discount was eliminated, providing a return […]
In a busy week, one of the more interesting announcements was an intention to float notice from Foresight Sustainable Forestry Company. The company hopes to raise £200m and invest that in UK forestry assets. It thinks it can generate rolling annual returns of 5% above inflation (as measured by CPI) once it has got its […]
Round Hill Music buys Dennis Elliott’s catalogue – Round Hill Music Royalty Fund has acquired the master royalty income of Dennis Elliott, a British musician and artist, who was the original drummer of the rock group Foreigner. The catalogue comprises 71 original recordings spanning the first seven Foreigner studio albums, which feature numerous major hits, including […]
