Riverstone Energy is committing $125m towards the creation of a new $375m fund, Riverstone Credit Opportunities, L.P., which has been set up to take advantage of the lack of credit available for energy companies. The fund will be advised by Riverstone’s credit investment team, led by Christopher Abbate and Jamie Brodsky, both of whom joined […]
GCP Infrastructure has announced that it is committing up to £25m to loan notes with about a ten year life that will be issued by GCP RHI Boiler 1 Limited. The loan will be secured against a portfolio of domestic biomass boilers. £4m will be drawn down at the start of the arrangement and the […]
BlackRock Income & Growth has published its results for the year that ended on 31 October 2014 and over that period the fund outperformed the FTSE All-Share Index, generating a return on net assets of 6.3% against a 1% return for the FTSE All-Share Index. the discount widened slightly and so the return to shareholders […]
Further to the Company’s announcement of 19 December 2014, following the downgrading of the Company’s rating by the rating agencies ‘Midroog’ (a subsidiary of Moody’s Investor Services) and ‘Maalot S & P’ (a subsidiary of Standard & Poor’s Rating Services), Mirland has announced a change in its interest rates on its bonds. From 18 December 2014, […]
British Land has announced the sales of a retail and office portfolio in an off-market deal to Legal & General Property for £219.6m, ahead of September book value. The portfolio comprises: – Kingswood Retail Park, Hull (sold for £58.0m, at a 5.7% net initial yield) – House of Fraser, Birmingham (sold for £71.4m, at a […]
The board of Scottish Mortgage has announced that Tom Slater has been appointed joint manager of the fund, working alongside James Anderson. Tom has been Deputy Manager of Scottish Mortgage since 2009. Tom graduated BSc in Computer Science with Mathematics from the University of Edinburgh in 2000. He joined Baillie Gifford the same year and worked in […]
CatCo Reinsurance has announced that, after a year where there were no significant calls on the reinsurance they had written, they are planning to make a 10% return of capital to shareholders. This comes on top of a 5.929 cent dividend. The capital return will be done by way a of a B share scheme and […]
NextEnergy Solar has announced the acquisition of a solar power plant on Boxted Airfield, a site owned by Colchester Council, in the village of Langham about 3 miles from Colchester in Essex. The plant is being built on the former RAF Boxfield site and is due to be completed by March 2015. They expect it will attract […]
A happy New Year to all the readers of the QuotedData website. We have been really pleased by the interest and enthusiasm in our site over the course of 2014. The readership has grown as the website has evolved. We have great plans for 2015 and, as ever, if you have any comments or suggestions, […]
As we noted on 29 December, ARC Capital has been requisitioned by a party connected to its fund manager. PAG Holdings owns just over 50% of ARC’s shares but hasn’t announced a bid for the company despite ARC adopting the Takeover Code (which would normally force anyone owning more than 30% to bid for the […]
