Hg buys Financial Express and sells JLA – Hg, the manager of HgCapital Trust plc, has announced an investment in Financial Express, a leading data, analytics and software vendor focussed on the European retail investment funds market. The terms of the transaction were not disclosed. HgCapital Trust plc will invest approximately GBP7.5 million in FE, with […]
Pershing Square says $300m tender is complete – Pershing Square Holdings has announced that the tender offer, for up to $300 million in value of its public shares, closed at 1:00 p.m. BST on 10 May 2018. The strike price for the tender offer was $13.47 per public share. A total of 22,271,714 public shares were acquired […]
Good year for North Atlantic Smaller Companies despite high liquidity – North Atlantic Smaller Companies says that, for the year ended 31 January 2018, its net asset value rose by 16.5%, to an all-time high of 3,458p. This compares with a rise in the sterling adjusted Standard & Poor’s Composite Index of 9.8%. There is no […]
VinaLand sells Pavilion Square project – VinaLand Limited has sold its entire stake in the Pavilion Square project. The project, located in Ho Chi Minh City, Vietnam and acquired by VinaLand in 2007, is designated for a future mixed-use development. VinaLand has sold its entire stake in the project to RC12 Investment Joint Stock Company […]
Stronger sterling depresses Harbourvest’s returns – HarbourVest Global Private Equity Limited has reported 16.2% NAV growth to $21.46 from $18.47 over the year to 31 January 2018. 55% of HVPE’s assets consist directly of US investments and a further 23% of assets are denominated in US dollars. In the year to 31 January 2018, sterling […]
3i Infrastructure’s ‘outstanding’ year – 3i Infrastructure has announced a 28.6% return for the year ended 31 march 2018 and a 10% increase in the target dividend for FY19 to 8.65 pence per share. Richard Laing, its chairman, said: “The company had an outstanding year. The realisations of our holdings in Elenia and Anglian Water Group generated […]
Life Settlement Assets announces three ‘maturities’ – Life Settlement Assets has made the following announcement: “The company has received notification of three policy maturities on two lives with a face value of USD1,784,882.18 for the benefit of the B share class (LSAB). These maturities reflect the lumpy nature of returns from the portfolio and are […]
Civitas share price boosted as it sorts potential First Priority problem – Civitas Social Housing has announced that today, 9 May 2018, all Civitas leases previously with First Priority were assigned, on the same terms to Falcon Housing Association C.I.C, an existing Civitas housing association partner. Civitas’ share price is up 2% on the news. In addition, […]
Blue Capital Alternative Income throws in towel – At Blue Capital Alternative Income’s AGM, which was held on 8 May 2018, shareholders voted 78.2m shares in favour of continuation and 68.8m shares against. Despite winning the vote, the board intends to recommend an orderly run-off of the company. This will be voted on at a special general […]
Greencoat UK Wind to up its Clyde wind farm stake – Greencoat UK Wind says that it intends to exercise its option to increase its shareholding in the Clyde wind farms to 28.2%. This will cost it GBP114.2 million and, therefore Greencoat intends to raise up to GBP118.8 million through a placing of new ordinary shares by way of a […]
