JZCP : JZ Capital sells Milestone Aviation JZ Capital has sold its interest in Milestone Aviation for $40m. They paid a total of $15.1m for this investment – starting in September 2010. The exit price represents an exit multiple of 2.8x and an IRR of 36%. Milestone Aviation is the world’s largest helicopter leasing company […]
MPO : Macau Property spends $23.5m on house Macau Property Opportunities has bought a luxury private house adjacent to its existing investment, The Green House. Macau Property believes there is upside if they can convert the two properties into one single luxury residence, citing the scarcity of detached property in Macau. The house they have […]
SVI : SVG Capital sells Arysta for £221m SVG Capital has announced that Industrial Equity Holdings, an investment company owned by Permira, has sold Arysta Life Sciences. The deal values SVG Capital’s stake at £221m. Arysta is involved in the development, marketing and distribution of chemical solutions for the agroscience and health & nutrition science marketplace. When […]
NSA : Nimrod Sea Assets buys share of seismic vessel Nimrod Sea Assets is spending $6.65m to buy a 17.5% stake in the partnership that owns the M/V Oceanic Endeavour, “a high-end, 16 streamer, seismic vessel bareboat chartered to CGG Eidesvik and then time chartered to CGG Veritas”. The seismic data produced by the vessel […]
CGOP : China Growth Opportunities closer to restoring trading China Growth Opportunities, which has been suspended from trading since 13 October 2014 when its nominated adviser resigned, is posting an AGM notice to shareholders. On 6 November shareholders will be asked to approve a new investment policy alongside a Waiver of Rule 9 of the […]
JPI, JPIU : JPMorgan Income & Capital underperforms in first half Over the six months to end August 2014 JPMorgan Income & Capital’s return on the portfolio was zero – a bit less than the 1.8% return on its benchmark (90% FTSE350 Index and 10% Barclays Capital Global Corporate Bond Index). Without any growth in the portfolio […]
APT : Cash returns help Axa Property’s shares rise Axa Property Trust’s net asset value fell by 7.9% over the year to the end of June 2014 but its share price rose so that shareholders got a total return of 14.3% for the year. No dividend is being declared. The company sold five properties during […]
DLN : Derwent London gets planning for Berners Street Derwent London has announced that it has received planning consent for its proposed development at 25-29 Berners Street, London (in Fitzrovia / North Soho). The development will provide 105,000 sq ft of space, 20,000 sq ft of which will be retail and the balance offices. The […]
JUS : Jupiter US Smaller let down by discount Jupiter US Smaller Companies has announced its results for the year that ended on 30 June 2014. The fund outperformed – generating a return on net assets of 11.0% vs. an 8.3% return on the Russell 2000 Index. The company’s rating deteriorated however (moving from a […]
NSA : Nimrod Sea Assets buys dive support vessel Nimrod Sea Assets has bought a dive support vessel (to be renamed Red 7 Alliance) for $10.6m. The deal has been achieved by acquiring a 99.5% stake in the company that owns the boat. Red 7 Alliance will be back-to-back bareboat chartered to Red7Marine Group (a […]
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