HgCapital Trust has announced that it is investing £19.7m to acquire a majority investment in The Foundry Visionmongers Ltd, a visual effects software development company, from The Carlyle Group. HgCapital trust is making its investment through HgCapital 7 Fund, alongside other institutional clients of HgCapital, in a transaction that places an enterprise value of £200m on the Foundry. […]
SQN Asset Finance Income Fund has announced that it is looking to raise £30m through a placing of new ordinary shares. The company had its IPO in July 2014 raising £150m and since this time has funded £122m of investments. However, the company says it now has funded, approved and committed investments of £173m as well […]
Electra Private Equity’s interim has released its interim results for the six-months ended 31 March 2015. These show a 12% increase in NAV during the period, whilst Electra’s share price rose 19%, reflecting a narrowing of the discount. This compares favourably against the FTSE All-Share returned, which returned 5% during the period. The total return on the portfolio was £11m of […]
3i Group’s annual results for the year ended 31 March 2015 show the company performing well with NAV increasing by 14% to 396p per share (despite foreign exchange losses of 12p per share). Management report that all three businesses are performing well. The private equity portfolio saw realisations worth £831m, investment of £369m across four transactions and an […]
NewRiver Retail has published its annual results for the year ended 31 March 2015, which management describe as their best financial year to date. These show a 14% increase in its EPRA NAV to 265p (2014: 240p). It was a busy year for the company during which it raised £75m of equity (to fund £71 million acquisition from its joint venture […]
Edinburgh Dragon‘s recent half yearly results report a rise in NAV of 3.7% during the six-months to 28 February 2015, underperforming its MSCI All-Countries Asia (ex-Japan) Index which rose 5.9% (all in Sterling adjusted terms). The company reports that this was due to be underweight China (the Chinese stock market outperformed the broader region during […]
JZ Capital Partners has announced the acquisition of S.A.C, an operational van leasing company based to the south of Copenhagen in Denmark. S.A.C. is JZCP’s first Danish investment. S.A.C’s is engaged in flexible short and long term leases (the average lease period is approximately four years). The company controls the full life cycle of its product, including procurement, financing, service & […]
Masawara has published its final results for the year that ended 31 December 2014. During the period, shareholders’ equity rose by 16.5% to $84.6m. This $12m increase offsets the $9.6m fall that the company suffered during 2013. The company says that key contributors to this were the disposal of Masawara Energy Mauritius Limited at the beginning […]
Aberdeen New Thai results for the year ended 28 February 2015 have been published. The Thai market did well over the period, aided by a strong Baht, and the SET (Stock Exchange of Thailand) Index returned 35.3%. Aberdeen New Thai’s net asset value return lagged this a little, returning 31.9%. The shares did slightly better, returning 32.2%. […]
British & American’s asset value (adjusted for the dilutive effects of the company’s preference share) fell from 88p to 78p over the year that ended on 31 December 2014. If the preference shares are valued at par the NAV fall was from 84p to 69p. The dividend was increased from 5.1p to 5.3p. The report […]
