Masawara to delist as main shareholder passes 90% mark – On 27 December 2017, Oxford Holdings Limited acquired 50,760,456 ordinary shares at 30p per share, with 20p payable immediately and 10p to be paid within 12 months. The current principal shareholder of the Company is FMI Holdings (Private) Limited, which holds 61,163,618 shares. Mr Shingai […]
Key guidance expected for biotech trust favourite Biogen Biogen, the neurology-focused US biotech giant and a key holding for several of the UK’s sector specialist investment trusts, will provide a closely-watched update for investors at next week’s JP Morgan Healthcare conference that could be critical to its 2018 outlook. Biogen’s CEO will present at the conference, […]
Tritax buys Unilever distribution centre – Tritax Big Box REIT has acquired a national distribution facility at Hickling Road in Cannock, Staffordshire, which is operated and let to Unilever UK Ltd, one of the world’s leading suppliers of Food, Home and Personal Care products. The total consideration is GBP44.25 million (excluding purchaser’s costs). The property […]
Victory Park sells Prosper loans – In line with the previously stated strategy of reallocating capital from marketplace lending to balance sheet lending, Victory Park Speciality Lending has announced that it has sold its Prosper marketplace loans. The loans sold represented approximately 4.1% of the fund’s NAV as at 31 October 2017, reducing its marketplace […]
Strategic Equity Capital manager changes hands – The senior management of London-based specialist fund manager GVQ Investment Management Limited (“GVQ”) have entered into an agreement to acquire 100% of GVQ from RIT Capital Partners plc (“RIT”), subject to regulatory approval. GVQ currently manages GBP700 million of assets through two Irish listed open-ended funds, the GVQ UK […]
3i Infrastructure tops up WIG investment – 3i Infrastructure has agreed to increase its investment in Wireless Infrastructure Group (“WIG”) and to acquire the stake owned by Barings LLC’s client accounts. The expected investment by 3i Infrastructure is GBP186m which will take 3i Infrastructure’s ownership of WIG to 91% of the equity with the balance […]
Prothena drag on Woodford Patient Capital A 45% fall in the value of its large shareholding in Prothena since the end of the third quarter seems to have been the main factor behind a decline in the value of Woodford Patient Capital Trust (WPCT) over the same period, according to the trust’s latest monthly update. WPCT’s shares have […]
Post IPO fall for Nightstar hits Syncona A fall in the post IPO share price of Nasdaq-listed, UK-based gene therapy specialist Nightstar Therapeutics marred an otherwise strong performance for UK biotech investment trust Syncona (SYNC) in November, whose NAV dipped by 4% in the month, according to its latest monthly update. Syncona’s 42% ownership of Nightstar […]
LXB Retail Properties sells its investments in Stafford – LXB Retail Properties has exchanged contracts for the disposal of its two remaining investments at Stafford. It is also updating on further lettings at Rushden Lakes and Sutton. On 21 December 2017, the Group exchanged contracts for the sale of its retail investment at Riverside, Stafford to […]
Dunedin Enterprise gets cash for Innova – Dunedin Enterprise Investment Trust has announced the realisation of its investment in Innova/5 LP, the private equity fund based in Warsaw which makes investments in Central Eastern Europe. This follows on from the recent realisations of Kee Safety, Alpha FMC and Blackrock PM. The holding in Innova was […]
