VH Global makes first investment – VH Global Sustainable Energy Opportunities has agreed to buy 100% of the equity interests in two operating terminal storage sites on the Texas Gulf Coast for a total purchase price of $61m. The fund has also committed further capital to develop and expand the sites before the end of the […]
SDCL buys US district energy business – SDCL Energy Efficiency Income Trust has agreed to acquire a 100% equity interest in a commercial district energy system, RED-Rochester, LLC for an equity cash consideration of approximately $177m. RED is one of North America’s largest district energy systems with 117 MW of steam turbine generators plus boilers, chillers […]
Happy New Tax Year! In QuotedData’s morning briefing 6 April 2021: NewRiver REIT says its joint venture with BRAVO Strategies III LLC (in which it holds a 10% stake) has completed the acquisition of The Moor, a 28 acre estate in Sheffield city centre, for £41.0m (a capital value of £60 per sq ft). The deal was […]
I moaned for ages that there weren’t enough trusts dedicated to North America, given the importance of that market within the global economy. Happily, there is more of a choice now and it is a real choice – between managers with quite different approaches and remits. However, in terms of assets, the sector is still […]
In QuotedData’s afternoon briefing 1 April 2021, as a raft of investment companies seem to be getting announcements out of the way ahead of the Easter break, we bring you a one-off afternoon briefing: Baillie Gifford US Growth Trust has published a prospectus in relation to a placing programme of up to 250m new ordinary shares. The placing programme allows […]
Henderson High Income held back by gearing – Henderson High Income Trust reported results for the year ended 31 December 2020 yesterday. In a difficult year, the trust generated a return on NAV of -11.4% and a widening discount meant that the return to shareholders was -17.6%. These returns compare to a figure of -6.3% for […]
Third Point looks to tackle discount – Third Point Investors Limited says that, following a detailed strategic review in close partnership with the investment manager, the board is announcing several changes aimed at enhancing the strength of the company. The changes seek both to build on the manager’s track record and address the persistent discount to […]
3i Infrastructure agrees to acquire DNS:NET – 3i Infrastructure plc has agreed to invest c.€182m to acquire a 60% stake in DNS:NET and to provide additional funding for the future growth of the business. DNS:NET is a leading independent telecommunications provider in Germany. 3i Infrastructure is buying its stake from Deutsche Beteiligungs AG (“DBAG”), DBAG ECF, […]
Aquila buys Portuguese solar plant – Aquila European Renewables Income Fund has entered into a sale and purchase agreement to acquire 50% of the equity in an unlevered (no debt) Portuguese solar operating asset, Ourique. Closing of the transaction is expected to occur in April 2021. Ourique is located in Alentejo, Portugal, and has an installed […]
Hipgnosis becomes an investment trust – The board of Hipgnosis Songs Fund Limited has announced that, as noted in the prospectus dated 21 January 2021, the company applied to HMRC for approval as an investment trust company and that such approval has been granted. Accordingly, the company’s conversion to an investment trust company will take effect […]
