Kubera Cross-Border Fund says that its subsidiary, Kubera Cross-Border Fund (Mauritius) Limited, has entered into a binding sale and purchase agreement to dispose of its entire equity interest in Planetcast Media Services Ltd. Entities managed by a leading global private equity firm have agreed to purchase the Company’s interest in Planetcast for a consideration net […]
Weiss Korea Opportunity Fund (WKOF) has published a circular containing details of a ‘realisation opportunity’. When WKOF was launched in 2013 it committed to offer Shareholders a realisation opportunity on or prior to the fourth anniversary of the WKOF’s admission. WKOF also committed to offer similar opportunities every two years thereafter unless it has already […]
Hansteen has announced that its board has agreed to dispose of its German and Dutch portfolios for €1.28 billion to funds advised by affiliates of The Blackstone Group L.P. and M7 Real Estate. Hansteen says that the price represents a premium of approximately €76 million (6 per cent.) to the Year End Valuation which itself […]
Real Estate Investors has announced its final results for the year ended 31 December 2016. Paul Bassi, the comopany’s CEO describes the year as one of excellent progress. He says that the company secured record property ownership, revenue and contracted rental income, with underlying profits rising 271% to £5.2 million (2015: £1.4 million). He says […]
LondonMetric Property has announced the acquisition of two last mile distribution warehouses in Leeds for GBP12.0 million, reflecting a blended NIY of 6.0% and a reversionary yield of 6.5%. LondonMetric has acquired a new 100,000 sq ft warehouse on the Leeds ring road, close to the M1. The warehouse was completed in January 2017 and let […]
JPMorgan US Smaller Companies Investment Trust has announced results for the year ended 31st December 2016. The share price increased by over 53% during the financial year. The backdrop to the dramatic share price rise was an increase of 50.1% in the Company’s net asset value, which compares favourably with the rise of 44.4% in the […]
Dunedin Enterprise has announced its annual results for the year ended 31 December 2016. During the period, the company provided an NAV total return of 2.7% and a share price total return of 0.0%. The company says that, in comparison, the return on the FTSE Small Cap (ex Investment Companies) Index returned 12.5%. The company […]
Axiom European Financial Debt Fund Limited has published its Financial Report for the period from 7 October 2015 (date of incorporation) to 31 December 2016. The Company effectively commenced operations on 5 November 2015 when it was admitted to trading on the SFS. Net of launch expenses, the Company started with a Net Asset Value per share of 98.00p and ended with a NAV […]
The board of Seneca Global Income & Growth has announced that Seneca Investment Managers Ltd has informed it of a prospective change in the composition of its investment team, as Alan Borrows intends to retire at the end of this calendar year. Over the last two years, led by Chief Investment Officer Peter Elston, your Manager […]
Princess Private Equity (Princess) has published its annual report for the year ended 31 December 2016. During the year, Princess’ audited net asset value (NAV) increased to EUR 10.16 per share, which it says represents an increase of 12.9% on a total return basis, adjusted for the total dividend of EUR 0.54 per share. This […]
