AEW UK REIT plans further expansion – AEW UK REIT has published results for the year ended 31 March 2018. the highlights are: Net Asset Value (‘NAV’) of GBP146.03 million and of 96.36 pence per share as at 31 March 2018 (30 April 2017: GBP118.67 million and 95.98 pence per share). Operating profit before fair value […]
HICL Infrastructure adds to A63 stake – Incremental Acquisition HICL Infrastructure Company Limited has agreed to acquire a further 7.2% interest in the A63 Motorway concession in France for EUR62m from funds managed by DIF Infrastructure III and DIF Infrastructure IV. The acquisition is not subject to any further conditions and will complete by the end […]
Ranger Direct Lending will wind up – Ares Capital Management III LLC has notified the board of Ranger Direct Lending that it no longer wishes to take up the position as investment manager. The board has concluded, therefore, that it doesn’t make sense to keep the company going. It has decided to recommend that the […]
GAM drops support for Invesco Perpetual Enhanced requisition – Invesco Perpetual Enhanced has published a letter from its chairman to shareholders and an overview of the situation regarding the requisitions to be put to a vote by shareholders at an Extraordinary General Meeting in Jersey, on Friday 20 July 2018. The requisitions are from Invesco Perpetual and […]
Apax interest in BCA boon for Marwyn Statement re possible offer “Apax Partners LLP (“Apax”) notes the recent media speculation in relation to BCA Marketplace plc (“BCA”). Apax confirms that it is in the early stages of considering an offer for BCA to be made by a new entity controlled by funds advised by Apax (“Apax […]
MedicX buying twelve primary care centres – MedicX Fund has today completed the off-market acquisition of a portfolio of 12 operational and fully let primary care medical centres for a price of GBP63.8 million, adding 8.9% to the portfolio. The acquired portfolio has a gross rent roll of approximately GBP3.0 million per annum and a weighted average […]
Aberdeen Standard European Logistics buys in Frankfurt hub – Aberdeen Standard European Logistics has exchanged contracts to acquire a new development in a modern logistics hub located in Erlensee Langendiebach, Frankfurt for an expected net value of EUR33.3 million (subject to final rental conditions and full occupancy) from regional developer Ferdinand Fäth. The acquisition will be funded […]
JZ Capital Partners calls EGM to approve deals – JZ Capital Partners has arranged a meeting on 26 June 2018 to approve its acquisition of a stake in Deflecto Holdings LLC and an investment in JZI Fund IV LP. Deflecto Holdings JZCP intends to acquire from Edgewater Growth Capital Partners a 27.696% interest in Deflecto for approximately US$23.175m. Following the […]
Monks extends record of outperformance since strategy change – Over the year to 30 April 2018, Monks Investment Trust’s net asset value total return was 15.8% compared to a total return of 7.5% for the World Index (in sterling terms). The share price total return for the same period was 20.4%. The chairman says that Amazon, NVIDIA and […]
JPMorgan European Smaller beat its benchmark by 4% – For the year to 31st March 2018, JPMorgan European Smaller’s net asset total return was +14.4%. For the same period the total return from the benchmark index, the Euromoney Smaller European Companies (ex UK) index, was +10.0%. The share price rose by 21.6% from 334.0 pence to […]
