Funds managed by Goldman Sachs Alternatives have bought a majority stake in Trackunit from funds advised by Hg and GRO Capital. Trackunit’s solutions connect construction equipment to the cloud, serving equipment manufacturers, rental companies, contractors and ecosystem tech partners, and integrating the off-highway vehicle, connected site, and mobile workforce. Trackunit serves a global diversified customer […]
Brown Advisory has agreed to a reduced tiered management fee replacing the current fee arrangements on Brown Advisory US Smaller Companies. This is effective from and backdated to 1 January 2025. The management fee will be calculated based on the lower of capitalisation and NAV, rather than NAV as is currently the case; and the […]
In QuotedData’s morning briefing 11 February 2025: CT Managed Portfolio Trust (CMPG / CMPI) has a new two-year unsecured revolving credit facility with The Royal Bank of Scotland International Limited (London Branch) for £10m. This replaces a £5m unsecured term loan which had a fixed interest rate of 2.78% and a £5m unsecured revolving credit […]
Here we go again – Saba published a press release this afternoon. [Despite its embarrassing failure to seize control of a number of trusts, Saba doesn’t seem to have got the message that shareholders in these trusts quite like what they have and are not looking for change. In the press release below, Saba claims […]
Octopus Renewables Infrastructure Trust has committed an additional €3.4m (£2.8m) to Nordic Generation (Norgen), a specialist developer focused on the Finnish wind and solar market. The money will be used to build on the strong progress already achieved by the asset and to support its phase 2 pipeline. As part of the transaction, the trust’s […]
British Columbia Investment Management Corporation (BCI) has created a ‘bidco’ – Boswell Holdings 3 S.C.Sp. – to launch a cash bid for BBGI Global Infrastructure. BCI and BBGI have announced that they have reached agreement on the terms of a recommended all cash offer to be made by Bidco. BBGI shareholders who accept the offer […]
In QuotedData’s morning briefing 6 February 2025: JPMorgan Core Real Assets (JARA) will return £33.7m to shareholders by way of a compulsory redemption of up to 34,753,090 shares at 97.0465p per share on 27 February 2025. For example, a holder of 10,000 shares will have 1,688 shares redeemed, and will receive £1,638 in cash. Although […]
Henderson Opportunities is the latest trust to announce that it has successfully fought off the attack by Saba. In this trust’s case, the voting was 65.36% against Saba’s proposals. Just 284,248 shares or 0.72% of the trust’s shares in issue were voted alongside Saba. The turnout was 73.4%, with 28,985,426 of 39,491,875 shares voting. On […]
VH Global Energy Infrastructure has issued a statement on the impact of tariffs on its Brownsville fuel terminals in Texas. The Brownsville plant imports oil slurry from Mexico and refines that into a useful product. I wrote this up this morning, but the company said that I misunderstood the announcement, so I’m happy to put […]
JPMorgan Emerging Europe Middle East and Africa has published results covering the 12 months ended 31 October 2024. Pleasingly, the trust beat its benchmark (S&P Emerging Europe, Middle East & Africa) by 1.7 percentage points, returning 13.6% on NAV to the index’s 11.9%. However, the share price continued its usual volatile and unpredictable path and […]
