JLEN buys Peacehill anaerobic digestion plant – JLEN has announced an investment in the Peacehill Farm anaerobic digestion (AD) plant for an aggregate amount of £11m. Unusually, the investment takes the form of the provision of a debt facility and an investment to gain a minority equity stake in JLEAG AD Limited, the company which holds, […]
Polar Capital Global Financials update “Today the banking sector is significantly better capitalised than it was in the years leading to the global financial crisis and regularly stress tested by its regulators to ensure it can withstand significant shocks. Furthermore, the recent extraordinary steps that central banks and governments worldwide have announced will significantly dampen […]
In QuotedData’s morning briefing for 31 March 2020: Banks turn off dividend tap? – The Financial Times has a story that the Prudential Regulation Authority will soon force UK banks to suspend their dividend payments. This would knock a big hole in the income of some UK equity income funds. This follows a similar move […]
In a surprise move, Strategic Equity Capital (SEC) has sacked its investment manager and shifted its management contract to Gresham House, the fast-growing investment boutique. Gresham House already manages a trust that looks similar to SEC – Gresham House Strategic. Both funds size up potential investments the way a private equity firm would. They try […]
An update from International Public Partnerships – International Public Partnerships had intended to publish its results today but these have now been delayed. So, instead, it has published an update that contains much of the salient information that would have been in the results statement. ” 2019 was a good year for the company with a […]
covid-19 update from JLEN Environmental – “The JLEN portfolio has made a positive start to the calendar year, with generation approximately 15% over budget including very strong performance from the wind assets due to good wind resource. Foresight anticipates that there may be a further short-term reduction in power prices due to an anticipated drop […]
Better Capital mulls delisting as covid-19 hits In the 2012 cell, which contains double glazing firm, Everest, and office supplies business, SPOT: “Everest had a strong start to the year with encouraging progress across the company. However, in recent days sales and installation visits became progressively more difficult and so operations were largely suspended yesterday […]
covid-19 update from ICG Enterprise – “Given the rapid escalation of the crisis, we currently have limited visibility on the short and longer-term impact of COVID-19 on the global economy. It is therefore difficult to accurately gauge the impact on the portfolio at this stage. Performance will vary between geographies, sectors and companies and be […]
In QuotedData’s morning briefing 26 March 2020: As the excitement of yesterday’s $2trn stimulus gave way to the reality of sharply rising cases in the US and stories of a potential uptick in cases in Japan (where the virus seemed to be under control) markets are falling once again. NB Private Equity has increased its borrowing […]
Pershing Square books astonishing profits on hedges – in an update to our post from 4 March 2020, Pershing Square has revealed that it has cashed in its gains on the hedges it made against market falls. The hedges were designed to provide asymmetric returns – that is to say the potential losses were relatively […]
