Oakley Capital’s Daisy Group sells Digital Wholesale Solutions – Oakley Capital Investments says its Oakley Capital Fund II portfolio company, Daisy Group, has reached an agreement to sell its stake in its Digital Wholesale Solutions division. The transaction is subject to regulatory approval. The trust’s share of proceeds will be about £22m, which represents about a […]
RTW makes new investment in Biomea Fusion – RTW Venture Fund, alongside other investment vehicles of RTW Investments, LP – its investment manager – and other investment firms, has participated in a $56m Series A financing round for Biomea Fusion. Biomea is a US-based privately held precision oncology company dedicated to developing innovative medicines targeting specific […]
Riverstone Credit updates on deals – Riverstone Credit Opportunities Income has originated one new investment and realised some or all of a number of existing investments. New Deal Activity § Project Mirror – RCOI participated in a $20.0 million first lien delayed-draw term loan to a community solar development company. Led by operating partners of a […]
In QuotedData’s morning briefing 7 January 2021, as the Democrats win control of the Senate and the US Capitol building is invaded, the news in the investment companies industry is a bit more mundane: Hipgnosis Songs has entered into an agreement with a syndicated group of lenders, with JPMorgan Chase Bank as lead arranger, to increase its […]
Hipgnosis now owns 100% of Fleetwood Mac’s Lindsey Buckingham’s catalogue – Hipgnosis Songs Fund has acquired a catalogue from Lindsey Buckingham, best known as the lead guitarist and vocalist of Fleetwood Mac. Hipgnosis had bought a 25% share in this catalogue on 30 September 2020 and now owns 100% of Lindsey Buckingham’s music publishing rights, including […]
Tufton adds another ship to portfolio as core management team ups its stake in the manager. Tufton Oceanic Assets has acquired a containership for $6.75m. This takes its fleet to 19 vessels. The vessel has a fixed rate time charter of at least three years to a major container line which is investment grade. It is […]
In QuotedData’s morning briefing 5 January 2021: Apax Global Alpha says that Apax IX (one of the underlying funds that make up its portfolio) is selling a minority stake in Paycor. The transaction values the trust’s investment in Paycor at approximately €51m. This represents an uplift of about 30% and adds about €11.8m (€0.02 per share) to […]
JPMorgan Indian bet on cyclicals and lost – JPMorgan Indian says that, for the year to 30th September 2020, it underperformed its benchmark by a considerable margin – returning -16.2% in JNAV terms against -4.2% for the MSCI Indian Index. A widening discount left shareholders with a return of -23.2%. The board says that “over the […]
SDCL Energy achieves critical mass in US – SDCL Energy Efficiency Income Trust has agreed to acquire a series of portfolios of commercial and industrial on-site solar and energy storage projects in the United States, together with a 50% interest in the platform that has created them, Onyx Renewable Partners from funds managed by Blackstone for […]
In QuotedData’s morning briefing 24 December 2020: Gresham House Energy Storage has conditionally agreed to acquire a c.30MW battery project located near Wester Dechmont, Livingston in West Lothian, Scotland. Byers Brae is a battery-only site with a c.30MW/30MW export/import capacity which is currently expected to be commissioned in the second quarter of 2021. The project is […]
