Riverstone Energy commits $25m to wood pellet firm – Riverstone Energy has made a $25 million commitment to participate in the recapitalisation of Enviva Holdings LP. More than $1 billion of new equity contributions and incremental equity commitments is coming from affiliates of Riverstone Holdings LLC (the manager). Enviva is the world’s largest supplier of utility […]
In QuotedData’s morning briefing 21 July 2020: BioPharma Credit has received a notice of prepayment for its $150 million senior secured loan with Amicus Therapeutics, Inc. As a result, the company is expected to receive on or before 4 August 2020, approximately $156.2 million, comprised of $150 million in principal, $1.2 million in accrued interest and […]
Capital and Counties (Capco) updates ahead of Shaftesbury deal – the company is updating shareholders on progress within the business up to 30 June 2020. In the face of social distancing restrictions, the company takes comfort from the pedestrianised nature of its core Covent Garden asset. It says that additional streets around the Piazza have […]
HICL takes control of Irish road – HICL Infrastructure says that it has agreed to acquire the remaining 50% interest in the M17/M18 Gort to Tuam Road PPP in the Republic of Ireland from the Marguerite I Fund. The consideration is €41m and the transaction is expected to complete by the end of September. The project is […]
M&G Investment Management Limited (“MAGIM”), on behalf of one of its managed funds, M&G Specialty Finance Fund (£) SCSp says that it has made several approaches to the board of UK Mortgages Limited with a view to making a recommended cash offer, all of which have been rejected. The most recent approach was made on 15 […]
My guest on this week’s weekly show was Nick Wood, head of Investment Fund Research at Quilter Cheviot (you can listen back here). He enthused about Baillie Gifford US Growth, which is the second-best performing investment company over the past six months (after Golden Prospect). The Baillie Gifford trust’s NAV is up by 48% over […]
Hipgnosis buys catalogue from Red One – Nadir Khayat, a Moroccan/Swedish singer, songwriter, record producer and record executive. Hipgnosis has acquired 100% of RedOne’s Songs and Recorded Music interests including Copyright, Writer Royalties and Producer Royalties in his catalogue comprising 337 songs. RedOne has co-written or produced songs and albums which have achieved 185 Number 1 […]
In QuotedData’s morning briefing 16 July 2020: Aberdeen Frontier Markets has published a circular ahead of its planned winding up. If shareholders approve liquidation on 14 August, the shares will stop trading on 18 August. Jupiter Emerging and Frontier Income has redeemed 4,607,803 shares at 88.08p to leave 85,465,171 shares in issue. Tetragon Financial has obtained […]
Gore Street on track for further growth – Gore Street Energy Storage has announced results for the year ended 31 March 2020. The NAV total return for the period was 10.6% and the NAV finished the year at 94.6p. Shareholders saw a total return of 15.2% as the share price rose further than the NAV to […]
HICL is fundraising – HICL Infrastructure has announced a placing of new shares today. It is looking for enough money to repay its £75m revolving credit facility. It will issue new shares at 164p. a 5.75% discount to the closing price on 15 July and a 7.7% premium to the last reported NAV, as at […]
