Symphony buys significant stake in Vietnamese logistics company for $42.6m – Symphony International (SIHL) has acquired a significant minority stake in Vietnam-based Indo Trans Logistics Corporation (ITL) for a consideration of about $42.6m. About ITL SIHL says that ITL, founded in 2000 as a freight-forwarding company, has since grown to become one of Vietnam’s “national […]
Highbridge Multi-Strategy set for EGM to change investment policy – The board of Highbridge Multi-Strategy (HMSF) has this morning announced that having completed its review of the options available to the company and consulted with the company’s major shareholders, it intends to convene an EGM to seek shareholder approval to change HMSF’s investment policy. Should […]
Aquila European Renewables Income makes first acquisitions – Following its launch in May (raising €154.3m), Aquila European Renewables Income (AERI) has closed on its first project acquisitions. The company has this morning announced it has bought a hydro portfolio in Portugal and a wind farm in Denmark for a combined value 26.4% of the IPO […]
QuotedData takes a look at gold after its best month in years – We recently published our July economic and political roundup (click here to access it), which consolidates extracts of statements from managers and chairmen of investment companies. Although markets were up in June, there is little doubt that these are tense times, in […]
Augmentum Fintech raises £25.8m after promising first year – Augmentum Fintech (AUGM) published its first set of annual results last month, (click here to read this story) and has this morning announced that it has raised gross proceeds of £25.8m through an equity issue. At the end of first yearly results period, to 31 March […]
In QuotedData’s other news 1 July 2019 Symphony International (SIHL) announced that it has, through a wholly-owned subsidiary, invested in Creative Technology Solutions. The company provides customized IT solutions to the education sector in the United Arab Emirates and increasingly in other countries in the Gulf Cooperation Council region. This represents SIHL’s first investment into the Gulf. […]
Better Capital reports results as restructuring of 2012 cell continues – The distressed investing focused private equity company, Better Capital (BCAP), has announced annual results to 31 March 2019 for its 2009 (fund 1) and 2012 cells (fund 2) respectively. BCAP invests in businesses which have significant operating issues and may have associated financial distress, […]
Alliance Trust completes transformation with subsidiary sale for £40m – Alliance Trust (ATST) has announced the completion of the sale of its subsidiary company, Alliance Trust Savings, to Interactive Investor. The total deal value is £40m; ATST expects the net proceeds to be £34.5m, which will be re-invested into its global equity portfolio. The global […]
Tufton Oceanic buys $28.3m vessel – Tufton Oceanic (SHIP) has reached an agreement to acquire a containership for $28.6m. The new ship will take the company’s fleet size to 15 vessels. The new ship has a time charter of approximately 5.5 years to a major container line and SHIP says it is going to invest […]
China and India deliver for Aberdeen New Dawn – Back in October 2018, we published a research note that discussed moves by Aberdeen New Dawn’s (ABD) to take advantage of selling across Asian markets to increase its exposure to China (click here to access this research note). This has worked out well; ABD reported year-end […]
