Hg adds to Visma investment, valuing it as the largest ever software buyout globally – It has been announced this morning that Hg, the manager of HgCapital Trust (HGT), and its investors have agreed to a further investment in Visma, a leading provider of business-critical software to private and public enterprises in the Nordic, Benelux and […]
Europe-focused BMO Private Equity (BPET) released interim results covering the period to 30 June 2020. The total NAV return for the period amounted to (4.7%), while the shares returned (13.6%), on a total return basis. Reflecting on the impact of the pandemic on the sector, BPET’s manager, Hamish Mair, noted that “private Equity investment managers have […]
In QuotedData’s morning briefing 21 August 2020: JPMorgan US Smaller Companies (JUSC) reported interim results to 30 June 2020, with the total NAV return coming in at (4.9%). The benchmark Russell 2000 index delivered (6.8%) over the same period, in sterling terms. Small-cap shares have underperformed the tech-led led large-cap rally in US markets since March. […]
Riverstone Energy (RSE) reported interim results, spanning the six months to 30 June 2020. The NAV was down by (43%) and (40%), in USD and GBP terms, respectively. The Hammerhead, ILX III, and Liberty II holdings were the main detractors. Some of the key figures from the period, as at 30 June, include: NAV $379m (£308m) NAV […]
In QuotedData’s morning briefing 19 August 2020 BBGI SICAV (BBGI), the global infrastructure fund, has completed the acquisition of a further 50% equity position in the Kelowna and Vernon Hospitals PPP Project, located in British Columbia. Though no purchase price was disclosed for contractual reasons, BBGI said it was less than £15m. We also have interim […]
Princess Private Equity reflects on H1 as dividend reduced to support portfolio companies – Princess Private Equity (PEY) has reported interim results to 30 June 2020, with highlights that include: In the first half of 2020, PEY reported a NAV total return of (4.6%); The NAV performance was mainly attributable to movements in the valuation […]
SME-focused RM Secured Direct Lending (RMDL) has reported interim results to 30 June 2020. Over the period, total NAV returns amounted to (3.4%) and the market return came to (19.5%). Chairman, Norman Crighton, noted that “This performance reflects the marking down of asset values of investments in sectors more exposed to the impact of COVID-19, […]
In QuotedData’s morning briefing 17 August 2020: Following on from the news on 14 August that 2020 that UK Mortgages (UKML) had rejected M&G’s revised offer (we wrote about this here) of 70p per share, UKML’s board noted the following: “The board continues to believe that M&G Investment Management’s proposals undervalued the company and its […]
Pollen Street saga announces interim advisory agreement with Waterfall Asset Management – There have been more announcements involving Pollen Street Secured Lending’s (PSSL) future this afternoon, summarised below (you can access our most recent coverage of PSSL’s future, including Honeycomb’s proposed merger attempt by clicking here and here): At 12:40 pm, Honeycomb (HONY) said: “HONY […]
The £1.3bn market cap, global equity income trust, Murray International (MYI), has reported half-year results to 30 June 2020. Key total return performance figures are summarised below: Shares: (18.7%) NAV: (10.7%) Reference index: (4.7%) The reference index is comprised of the FTSE all world total return index from 27 April 2020. Prior to that the […]
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