Following recent market turbulence, which has pushed Keystone’s gearing up, its board has announced that it has decided to amend its gearing policy “with the intention of safeguarding shareholder value as far as possible”. Under the new policy, the portfolio manager may not make net purchases at times when net borrowings exceed 15% of net […]
Tufton Oceanic Assets Limited (SHIP) has announced that it has acquired a Handysize Bulk Carrier for US$7.0m. This acquisition takes SHIP’s fleet to sixteen vessels, leaving it with approximately US$15m of cash available for investment. SHIP’s manager, Tufton Oceanic, continues to identify a pipeline of opportunities across a range of the company’s target sectors. About the […]
The Board of Strategic equity Capital (SEC) has announced that, after an extensive review of SEC’s management arrangements, it has entered into heads of terms to appoint Gresham House Asset Management Limited as the Company’s new investment manager and alternative investment fund manager. It is also the intention that the proposed joint venture between Gresham […]
In QuotedData’s morning briefing 27 March 2020: As normal life continues to be impacted by the outbreak of covid-19, we have seen a number of updates from companies detailing their responses. Strategic Equity Capital has announced that it is moving its management contract to a new joint venture between Gresham House Asset Management and Aberdeen Standard […]
DRI Healthcare PLC (DHP), a new closed end investment company that is focused on investments in healthcare royalty assets has published a prospectus in relation to an initial public offering (IPO) of shares on the premium segment of the main market of the London Stock Exchange. In summary: The company is seeking to raise $350m to invest […]
In QuotedData’s other news 12 February 2020 – Witan Investment Trust has announced that it has become a signatory of the UN supported Principles for Responsible Investment (PRI). The PRI signatories are a global network of asset managers, owners and service providers working together to put responsible investment into practice and to report publicly on their progress in […]
EPE Special Opportunities (ESO) has provided a trading update for the year ended 31 January 2020. In what was a recovery year for the private equity firm, ESO has smashed it out of the park with a return on NAV of 54.6% driven primarily by led by a significant recovery in value at Luceco Plc […]
Primary Health Properties (PHP) has announced its annual results for the year ended 31 December 2019. This is a year that its managing director, Harry Hyman, describes as “transformational”, as it saw the completion of the company’s merger with MedicX, which brought together complementary portfolios in the UK and Ireland. Harry says that this has […]
Gresham House Energy Storage Fund (GRID) has announced has completed its investment in the 49MW battery-only project known as Red Scar. The Project, which is located on the Red Scar Business Park, by the Longridge Road and the M6 outside Preston, was acquired for a total enterprise value of approximately £32.8m (inclusive of £1.0m of […]
Hg, the Manager of HgCapital Trust plc (HGT) has announced that it has made an investment in Personal & Informatik AG (P&I), which it has acquired funds advised by Permira for an enterprise value of €2 billion. While the terms of the transaction have not been disclosed, HgCapital Trust plc will invest approximately £37.7 million […]
