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 […]
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 […]
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 […]
The Ottoman Fund has announced that it has settled all claims with its former finance director, Ahmet Sinan Kalpakçıoğlu, who it says embezzled money from several of the Company’s Turkish subsidiaries. According to The Ottoman Fund, Ahmet Sinan Kalpakçıoğlu has transferred the shares in Mandalina registered in his name to the Company, discontinued all litigation […]
FastForward Innovations has announced that it has sold out its entire holding of 268,213,880 shares of Blue Star Capital PLC for a cash consideration (after costs) of £305,763. The shares of Blue Star were acquired as consideration for the sale of FastForward Innovations’s holding SatoshiPay Ltd (SatoshiPay), which was announced on 2nd March 2017. The […]
Alliance Trust has confirmed the appointment of Willis Towers Watson (WTW) to manage the Trust’s equity portfolio1, effective from 1 April 2017. As previously announced, WTW has, on behalf of the Trust, selected eight equity managers and the transition to these managers will be completed before the Trust’s AGM. Alliance Trust has also completed the […]
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