Schroder British Opportunities (SBO) is proposing a material change to its investment policy so that its portfolio is focused entirely on private investments. SBO says that, since its IPO, it has provided a net asset value (NAV) total return of 13.44% and that much of the positive performance of its portfolio has come from the […]
Harmony Energy Income Trust (HEIT) and Foresight Group LLP have announced that they have agreed financial terms for a potential acquisition of HEIT by Foresight at 84p per HEIT share. The proposed transaction values HEIT’s ordinary share capital at £190.8m and is a 29% premium to the undisturbed closing share price of 65.2p on 14 […]
In QuotedData’s morning briefing 17 March 2025: Octopus Renewables Infrastructure Trust (ORIT) has extended the term of its revolving credit facility (RCF) from February 2026 to June 2028 and has significantly reduced the size of the facility from £270.8m to £150m. The updated RCF continues to be provided by ORIT’s four existing RCF lenders: National […]
Hg has made an investment in Scopevisio AG, which it describes as a leading innovator in cloud-based business automation. HgCapital Trust (HGT) will invest approximately £4.8m in Scopevisio, alongside other institutional clients of Hg through the Hg Mercury 4 Fund but, otherwise, the terms of the transaction are not disclosed. Hg says that the investment […]
In QuotedData’s morning briefing 14 March 2025: Digital 9 Infrastructure (DGI9) has refinanced the principal outstanding of £53.3m on its existing revolving credit facility (RCF) which was due to expire on 17 March 2025. The renewed RCF, which remains fully drawn, has been made available to the company for a committed three-month term expiring 17 […]
On Friday 7 March, Urban Logistics REIT (SHED) announced that funds managed by Harwood Capital, including North Atlantic Smaller Companies (NAS) and the newly incorporated Achilles Investment Company (AIC), which was established to target the hefty discounts in the alternative assets space, including property, own 3.21% of SHED’s voting rights. It would appear that the […]
Primary Health Properties (PHP) has responded to the announcement made by Assura Group this morning that Assura’s board is minded to recommend to its shareholders an indicative offer from KKR and Stonepeak, while rejecting proposals for a merger with PHP as the latter is less attractive for its shareholders. In its statement, PHP says that […]
M&G Credit Income (MGCI) has announced that, in light of the strong demand for its shares over the last 12 months, it is undertaking a fundraising that will comprise a placing and a WRAP retail offer, both of which are to be priced at a 1% premium to NAV (the exact issue price is expected […]
Great Portland Estates (GPE) has secured its largest fully managed deal to date, letting over 11,500 sq ft of fully managed space to the retailer Next at its newly refurbished 31 Alfred Place, WC1. The space has been let on a five-year term, ahead of ERV. Next has additional office space to complement their existing […]
Assura (AGR) has received an indicative, non-binding proposal from Kohlberg Kravis Roberts & Co. Partners L.L.P. (KKR) and Stonepeak Partners (UK) LLP for the company at 49.4p per share. The deal would value Assura’s equity at £1,607m and represents: a 31.9% premium to the closing share price of 37.4 pence on 13 February 2025 being […]
