Aquila Energy Efficiency lost a continuation vote at the end of February 2023. The board had six months to come up with a plan for what to do next. As at 31 March 2023, the fund had: 38 private investments across Germany, Italy, Spain and the UK, valued at about £62.6m, and with investment maturity […]
In QuotedData’s morning briefing 4 May 2023: AVI Japan Opportunity (AJOT) has appointed Singer Capital Markets Securities to manage an irrevocable share repurchase programme to buy back ordinary shares within certain pre-set parameters. The programme started yesterday and will run until 30 June 2023. Foresight Solar Fund (FSFL) is using £10m of cash to fund […]
Downing Renewables & Infrastructure is buying a portfolio of operational solar PV assets located in the UK for £12.6m in cash. The 13.0 MWp portfolio of two ground-mounted sites and approximately 1,600 commercial and residential installations benefits from high levels of feed-in tariffs and renewable obligation certificate subsidies. The vendors are the two Gresham House […]
NextEnergy Solar Fund is to recycle the capital invested in its subsidy-free solar assets, redeploying the cash to cut borrowing, invest in new projects and buy back shares. It aims to crystallise the value that it has created within its 236MW portfolio of subsidy-free UK solar assets. The proceeds will be used to: reduce gearing: […]
In QuotedData’s morning briefing 27 April 2023: Literacy Capital (BOOK) says its 31 March 2023 NAV was 467.3p, up 11.1% over the first three months of the year from 420.6p at the end of December. RCI (+£18.6m) was again the most significant contributor in the quarter, driven by strong organic growth. Kernel Global added £8.4m […]
Ashoka WhiteOak Emerging Markets IPO prospectus was published on 18 April 2023. As usual, we are making it available for you to read here. Please remember that access to the IPO is restricted by geography and, in particular, you should not be contemplating an investment if you are based in the US. Make sure that […]
Caledonia Investments has acquired a majority stake in the European division of AIR-serv, comprised of Airvending Limited and AIR-serv Netherlands B.V. Headquartered in Wigan, Lancashire, AIR-serv Europe is a leading designer and manufacturer of air, vacuum and jet wash machines which it provides as turn-key solutions to fuel station forecourt operators across Western Europe. The […]
In QuotedData’s morning briefing 20 April 2023: Fondul Proprietatea (FP) has sold its stakes in E-Distributie Muntenia, Enel Energie Muntenia, E-Distributie Dobrogea, E-Distributie Banat, and ENEL Energie to Public Power Corporation (a Greek company) for RON650m (£116.2m). Andrew Joy is now chairman of Herald Investment Trust (HRI), following the retirement of Tom Black. Sherborne Investors […]
RIT Capital has published some commentary on its NAV move over the first quarter of 2023. The NAV total return over the period was 0.7%, as the trust gave back some ground over March. The manager notes that it has been a turbulent few months. As we highlighted in our recent note, the trust has […]
BioPharma Credit announced that, together with BioPharma Credit Investments V, it has entered into a definitive senior secured loan agreement with BioCryst Pharmaceuticals, Inc. The company will invest up to US$180.0m and BioPharma-V will invest up to an additional US$270m in parallel, with the company acting as collateral agent. Based in the US, BioCryst is […]
