In QuotedData’s morning briefing 26 January 2021: Apax Global Alpha is investing €20m (indirectly, through its investment in Apax X Fund) in PIB Group, a leading independent specialist insurance intermediary launched in 2015. PIB is a highly diversified insurance distribution consolidator focusing on specialist commercial lines and non-standard personal lines products with deep expertise across both direct […]
Cordiant Digital Infrastructure plans IPO – Cordiant Digital Infrastructure Limited has announced its intention to launch an initial public offering and to admit its shares on the Specialist Fund Segment of the Main Market of the London Stock Exchange. The company will seek to generate capital growth and a progressive dividend, through investment in the core […]
Keystone Investment Trust has been around for over 50 years. From 2003 it was managed by Mark Barnett at Invesco Perpetual. He handed over the reins to his colleague James Goldstone in 2017. The trust was run with Invesco’s ‘value with a bit of spice chucked in’ style. For much of the period under Mark’s […]
River and Mercantile Micro Cap will hand back cash – The board of River and Mercantile UK Micro Cap intends to undertake a compulsory redemption of the trust’s redeemable ordinary shares. The trust’s redemption mechanism is used periodically to return capital to shareholders so as to return the company’s net asset value to around £100m (in […]
Another acquisition and another fundraise from Hipgnosis – Hipgnosis has acquired 100% of Bob Rock’s producer rights for Metallica’s ‘Metallica’ and Michael Bublé’s ‘Call Me Irresponsible’, ‘Crazy Love’, ‘Christmas’ and ‘To Be Loved’, which in total comprise 43 songs. It has also announced an issue of ordinary shares at 121p and plans to issue more C […]
In QuotedData’s morning briefing 21 January 2021: Schroder BSC Social impact says it has committed over 80% and invested over 55% of the net proceeds of its IPO. Most of the money went into buying seven investments that were listed in the prospectus. It has also bought £2.5m of bonds issued by Triodos Bank. Triodos lends to […]
Charlie Thomas leaving Jupiter – Jupiter Green Investment Trust’s board says that it has been advised by Jupiter Asset Management Limited, that Charlie Thomas, the fund manager of the company since 2006, will be leaving Jupiter to take on a new role. The board says it would like to extend its thanks to Charlie for his […]
Martin Currie Global Portfolio cuts fee – The board of Martin Currie Global Portfolio Trust says that, following a review, it has agreed with Martin Currie Investment Management, the manager, that, with effect from 1 February 2021, the performance fee arrangement will be discontinued and the investment management fee amended from 0.4% to 0.5% per year […]
Bankers will split its shares after successful year – Bankers Investment Trust has announced results for the year ended 31 October 2020. The NAV total return per share was 5.3%, outperforming the World Index total return of 4.3%. The share price total return was higher, at 8.1%, due to the narrowing of the discount. The chairman […]
In QuotedData’s morning briefing 19 January 2021; Hg has held a minority position in TeamSystem since 2015, following its majority exit to a vehicle indirectly held by Hellman & Friedman Capital Partners VII, L.P. A transaction has recently been agreed to transfer TeamSystem to a vehicle indirectly held by Hellman & Friedman Capital Partners IX, L.P. As […]
