Funding Circle SME Income Fund (FCIF) has announced that its recent C share placing has seen 142,000,000 C Shares placed raising gross proceeds of £142 million. The net proceeds of the issue are to be used to purchase investments originated by Funding, save to the extent that some will be retained for working capital purposes, […]
Industrial Multi Property Trust is convening an Extraordinary General Meeting on 11 May 2017. The notice for the EGM includes four ordinary resolutions, including three requisitioned by Alpha Real Trust and one proposed by the Board of the Company. These are detailed below. The ordinary resolutions requisitioned by Alpha Real Trust: (1) THAT the Company […]
SVG Capital has announced the results of its Tender Offer which closed on 7 April 2017. The company says that 41,762,005 Ordinary Shares were validly tendered and will be purchased at a price per Ordinary Share of 715 pence, for a total cost of £298,598,335.75. This represents approximately 63.8 per cent. of the issued share […]
Scottish Mortgage has announced that it has agreed to raise a total of £125 million in long term, fixed rate, senior, unsecured private placement notes, denominated in sterling. The funds raised will be used to retire, in part, an existing bank debt facility of US$165 million which is to due to mature in early April […]
Redefine International has announced that it has reached a conditional agreement to acquire control of the German Leopard Portfolio joint venture, in which it holds an existing 50 per cent. equity interest, for an aggregate consideration of €49 million (€49.4 million including transaction costs). Following the acquisition, Redefine International will hold an effective 94 per […]
Epiris, the manager of Electra Private Equity (Electra), has announced that it has sold its remaining stake in Hollywood Bowl. Electra is to receive £40 million from the sale. This reportedly represents a small decrease in Electra’s NAV on the valuation of the investment at 30 September 2016 but, inclusive of proceeds already received, Espiris […]
Custodian REIT has announced that it has entered into an agreement with Aviva Investors Real Estate Finance (Aviva) for Aviva to provide it with a new term loan facility of £50m. The facility comprising two tranches: Tranche 1 is for £35m and Tranche 2 is for £15m. Custodian REIT says that it drew down Tranche […]
Phoenix Spree Deutschland has announce that it has exchanged contracts to sell a portfolio of 17 non-core properties in Nuremberg and Fürth for an aggregate cash consideration of €35.25m. The properties were acquired in 2007 and 2008 for an aggregate purchase price of €13.9m and the sale proceeds represent an 11% premium to the 31 […]
Aberdeen Emerging Markets has announced that it has entered into a one year unsecured multicurrency revolving loan facility, with The Royal Bank of Scotland, for an amount of £25 million. It says that the facility is for general working capital purposes and for the acquisition of investments in accordance with its investment policy. About Aberdeen […]
BlackRock Smaller Companies Trust, managed by Mike Prentis (pictured), has announced that, following consultation with the Company’s largest shareholders it is amending its restriction that AIM listed stocks should not exceed 40% of the Company’s portfolio by value is being raised to 50%. The Trust’s board says that, as the amendment does not constitute a material […]
