Electra sells Sentinel and updates on portfolio – Electra Private Equity has sold Sentinel Performance Solutions Group (UK manufacturer of products to improve the performance of heating and closed water systems) to Aalberts N.V.. Aalberts is a global industrial technology group headquartered in Utrecht, the Netherlands and listed on the Amsterdam Stock Exchange (www.aalberts.com). Sentinel Following […]
In QuotedData’s morning briefing 15 April 2021: Tufton Oceanic (SHIP) has acquired a Handysize Bulk Carrier for $14.3m. The vessel has a fixed rate time charter for eleven to thirteen months to a large maritime transport and logistics company. In addition, the Containership Swordfish has a new fixed rate time charter for fifteen to seventeen months from the […]
Globalworth bid sends shares soaring – CPI Property Group S.A. and Aroundtown SA have announced the terms of a cash offer for Globalworth Real Estate Investments at €7 per share. The bidding vehicle is Zakiono Enterprises Limited. The offer values Globalworth at approximately €1,571m and represents a premium of approximately: 19.5% over the closing price […]
North American Income Trust delivers healthy revenue despite COVID – North American Income Trust has published results for the year ended 31 January 2021. Over the period, the NAV total return was -5.7% and the return to shareholders -16.5%. This underperformed the -0.1% return in sterling terms from the Russell 1000 Value Index and the 12.6% […]
US Solar launches fundraise – US Solar Fund has launched a placing programme to be conducted over the next 12 months which includes an initial placing, offer for subscription and intermediaries offer which has launched today. A prospectus will be published shortly. The initial proceeds are expected to principally be used to fund two transactions: About […]
In QuotedData’s morning briefing 13 April 2021: Augmentum Fintech (AUGM) has sold its holding in Dext (formerly Receiptbank). The UK-headquartered digital bookkeeping platform is being acquired by Hg (HGT) for £10.5m. The investment was valued at cost (£7.5m) and made Augmentum an IRR of 30.5%. Separately, Augmentum has made a further follow on equity investment of €2m […]
QD View – Go Green? Impax Environmental Markets is doing very well but is it too popular? It has been a short week and a quiet week in the investment companies market. Funds continue to report results for 2020, however, and the one that stood out for me this week was Impax Environmental Markets. Shareholders […]
In QuotedData’s morning briefing 9 April 2021: Schroder UK Public Private says it has completed the sale of its shares in Kymab to Sanofi for approximately US$82m. There may be additional contingent payments of up to US$33m, subject to a deferred purchase price release and Kymab achieving certain development and regulatory milestones. Hibernia REIT says that it […]
Menhaden’s results for the year ended 31 December 2020 have been published. In NAV terms, the company made reasonable progress, with a total return of 13.2%. However, a widening discount left shareholders with a return of 3.0%. There is no dividend. The board has opted to drop the comparison with the MSCI World Total Return Index […]
Aberdeen Asian Income held up pretty well in 2020 – Aberdeen Asian Income has published results for the year ended 31 December 2020. The company generated an NAV return of 12.9% – behind the 19.0% return generated by the MSCI AC Asia Pacific ex Japan Index but well ahead of the equivalent high yield index […]
