The Board of Electra Private Equity PLC has announced the outcome of the first phase of the review announced on 25 January 2016. The principal object of the review is to maximise long-term shareholder value by assessing Electra’s investment strategy and policy and its structure. The key outcomes of Phase I are as follows: On […]
CogitalGroup, which is backed by HgCapital, has announced an investment in Baldwins and the launch of the new Group. CogitalGroup will consist of Blick Rothenberg, the former BPO Division of Visma and Baldwins. The Group will provide outsourcing, accounting, payroll, taxation, financial and other advisory services to a broad range of businesses including entrepreneurial businesses and high […]
Tritax Big Box REIT has announced that it has exchanged contracts to acquire the distribution warehouse and adjacent lorry parking facility at Oliver Road, Thurrock, both let to The Co-operative Group Limited. The purchase price for the Facility is GBP56.5 million (excluding purchaser’s costs), reflecting a net initial yield of 5.53% on the asset acquisition. Completion […]
NB Private Equity has announced a 26 cent uplift to its NAV as a result of the initial public offering (IPO) of its portfolio company Extraction Oil & Gas Inc (NASDAQ: XOG) which occurred on 11 October 2016. Extraction is a U.S. based energy company focused on the exploration and production of oil and gas reserves in […]
The Board of Finsbury Growth & Income Trust has announced the following amendments to the fee arrangements with its Alternative Investment Fund Manager (Frostrow Capital LLP) and Portfolio Manager (Lindsell Train Limited). The basic idea seems to be to introduce a tiered fee as the market cap. of the fund nears £1bn. With effect from 11 October […]
JPMorgan Global Emerging Markets Income recorded a total return on net assets of +16.9% for the year to the end of July 2016. This compares with a return on the benchmark index, the MSCI Emerging Markets Index, of +16.7%. The total return to shareholders was +21.3%, as the share price increased from 100.3p to 115.3p. If we […]
For the year ended 30 June 2016, TR European Growth’s net asset value total return was 13.6% compared to a total return from the benchmark index (Euromoney European Smaller Companies Index (ex UK)) of 14.2%. The share price total return for the period was 1%. The Board plan to pay a total dividend of 11.50p. This […]
Tritax Big Box REIT has announced that it has exchanged contracts with a major UK institution to acquire two modern Big Box logistics facilities at Birch Coppice, Birmingham and at Warth Park, Raunds, Northamptonshire, let to Euro Car Parts Limited and Whirlpool UK Appliances Ltd, respectively. The combined purchase price is GBP115.5 million. Completion of […]
GCP Infrastructure has announced that it has committed to subscribe for two loan notes of up to GBP60 million in aggregate, the proceeds of which will be used to finance supported living units for occupation by adults with learning or physical difficulties. The first Loan Note, for up to GBP50 million and with an expected term […]
Henderson EuroTrust has published results for the year ended 31 July 2016. The net asset value (“NAV”) per share total return (including dividends reinvested and excluding transaction costs) was 11.7% compared to a total return from the benchmark index, the FTSE World Europe (ex UK) Index of 7.1%. Total dividend for the year of 20.0p […]
