Hg Capital sells Zitcom for £8.8m. HgCapital, the Manager of HgCapital Trust, has announced that it has sold Zitcom, a leading Danish hosting and cloud solutions provider operating in the SME segment, to Intelligent, a Belgian headquartered provider of hosting services. The terms of this transaction were not disclosed. The sale of Zitcom delivers a […]
GCP Student Living (DIGS) is seeking to raise £70m through a placing of new ordinary shares under its 2017 Placing Programme. The company says that the placing price will be 142 pence per share, which represents a 6.75 pence discount to the closing mid-price per ordinary share on 12 June 2017 of 148.75 pence. It […]
Montanaro UK Smaller Companies sets out case for continuation after 43% long term underperformance – over the year to 31 March 2017, the NAV per share of Montanaro UK Smaller Companies (excluding current period revenue) rose by 11.3% to 621.6p in comparison with a gain of 15.4% by the Numis Smaller Companies Index. During the same period, […]
Fidelity China’s Dale Nicholls doubles investors’ money in three years. Nicholas Bull, chairman, said “It is now increasingly accepted by investment professionals that China’s sheer economic size, along with its record of delivering year on year growth, means that anyone building an investment portfolio should consider having an exposure to China. The end of the […]
NextEnergy adds another 76.4MWp – 16.6MWp split among four operating plants and 59.8MWp in development projects. The three operating solar plants, acquired from one seller, comprise Barnby (4.99MWp, Nottinghamshire), Bilsthorpe (4.99MWp, Nottinghamshire) and Wickfield (4.90MWp, Wiltshire). All three plants were connected to the grid during March 2017 and are expected to be accredited under the 1.2 […]
Custodian REIT buys Langley Mill business park – Custodian REIT, the UK property investment company, has acquired a 20,678 sq ft distribution unit on Access 26 Business Park, Langley Mill, located near junction 26 of the M1. Nearby occupiers include DHL, 3663 Logistics and Travis Perkins. The unit is let to Warburtons Limited on a lease […]
Duke Royalty river cruise finance paying off. Duke‘s inaugural royalty investment, successfully launched its maiden voyage for its third vessel, the Carmen. Duke says that this marks a memorable day for Temarca and demonstrates the rapid progress made since Duke’s EUR8 million royalty investment which was concluded in April 2017. In response to the growing […]
Tritax buys Ocado’s Birmingham distribution facility – Tritax Big Box REIT plc has acquired a distribution facility at Birch Coppice Business Park, Dordon, Birmingham operated by Ocado Limited and serving both Ocado’s and Wm Morrison Supermarkets Plc’s online retail businesses. The total consideration is GBP92.33 million (excluding purchaser’s costs), reflecting a net initial yield of 5.25% on […]
Better Capital completes Gardner Aerospace disposal to Ligeance Investments Limited, a wholly owned subsidiary of Shaanxi Ligeance Mineral Resources Co., Ltd. for GBP326.0 million on an Enterprise Value basis. Gardner is an award-winning leading Tier-1 supplier of detailed parts and added-value services to the global aerospace industry. The business was acquired by the 2009 Fund in […]
Montanaro UK Smaller Companies Investment Trust, managed by Anna Lunden and chaired Kathryn Matthews (pictured), has announced that it is to benefit from a reduced management fee. The investment management fee, paid to Montanaro Asset Management Limited, has been reduced to 0.5% per annum of gross assets (previously 0.85% p.a.). This change is effective retrospectively […]
