Electra Private Equity has announced that portfolio company, AXIO Data Group, has agreed to sell MIMS, its Asian healthcare information business, to SMS and Mitsui for $250m. The transaction, which is expected to complete later today, will result in an increase in Electra’s diluted NAV per share of 122p compared to the 31 March 2015 […]
Tritax Big Box REIT has announced that it has agreed a £500m secured debt facility, with a syndicate of four lenders, for five years. The facility comprises a £320m term loan which the company says will be drawn in full immediately, a further £80m term loan available to draw up until the first anniversary of […]
Following consultation with its shareholders, Alliance Trust has announced a raft of measures that the board believes will position the company to “deliver consistent outperformance in a cost-effective manner”. These include changes to the board structure, changes to the management arrangements, focus on cost reductions, disposal of legacy assets and a new benchmark. The board believe the new […]
British Empire Securities and General Trust has announced that Joe Bauernfreund will become its named portfolio manager from 1 October 2015. This is a low turnover position (the trust has had just three portfolio managers in the last 30 years). Jo has been with the trust’s managers (Asset Value Investors) since 2002 and has worked […]
Harbourvest Global Private Equity has released its interim results for the six-months ended 31 July 2015. These show the company had US$187m of realisations during the period (a record level) and is reportedly on track to meet the US$356m received during the last financial year. NAV per share increased 6% during the period from US$15.86 […]
Caledonia Investments has announced the sale of is 67.9% equity stake in TGE Marine for €106.9m (£78.7m) net of transaction expenses. TGE provides engineering, procurement and construction supervision solutions to the global cryogenic gas markets. This includes the design and supply of gas carriers, fuel gas systems and offshore units. It specialises in cargo handling […]
Standard Life Investments Property Income Trust (SLI), managed by Jason Baggaley (pictured), has entered into a heads of terms to acquire a portfolio of 22 UK commercial properties for approximately £165m. Subject to completion of the appropriate due diligence and valuations, the company says it expects that the portfolio will be acquired through the purchase […]
Capital & Regional, which was granted status as a UK REIT on 31 December 2014, has announced that, in addition to its primary listing on the London Stock Exchange, the Johannesburg Stock Exchange has approved a secondary listing on its main board with trading to commence on Wednesday 7 October 2015. The company is focused […]
Foresight Solar Fund has announced the completion of its acquisition of the 16MW Membury asset, located in Hungerford, Berkshire. The solar farm was connected to the Grid in March 2015 and has received Renewable Obligation Certificate (“ROC”) accreditation at the rate of 1.4ROCs/MWh. The deal has been funded using the Company’s existing £150m acquisition facility. […]
The Cayenne Trust has released its interim results for the six-months ended 31 July 2015 during which its NAV per share increased by 1.6% (4.2% on a fully diluted basis). In comparison, the FTSE All Share Equity Investment Instruments Index increased by 3.39% during the period. A dividend of 3.8p was paid on 21st August. […]
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