JZ Capital has announced that its has sold two of its investments, Southern Petroleum Laboratories and Metpar, for a combined $11.5 million. JZCP received proceeds of $8.4 million from the sale of Southern Petroleum Laboratories , a leader in oil & gas measurement and laboratory services, which is approximately the company’s carrying value. JZCP also received warrants […]
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 […]
VinaLand has announced results for the year ended 30 June 2016. The NAV fell to 86 cents from 91 cents. However after adjusting for the USD0.0876 distribution of capital from the share premium account, the NAV per share increased by 4.1% year-on-year. The Company’s share price closed on 30 June 2016 at USD0.58 per share, […]
Henderson Diversified Income Limited is mulling a change to its corporate structure (currently it invests through a Luxembourg subsidiary). Since it was launched, there have been a number of developments in Luxembourg tax legislation and practice, in particular in relation to transfer pricing. The OECD has recently introduced the BEPS (base erosion profit shifting) framework under […]
Custodian REIT has announced that it has acquired a 44,643 square foot distribution unit, on the Heartlands Business Park, Daventry, for £3.08m. The unit is let to Cummins Limited, on a lease expiring on 15 July 2019, and the current passing rent is £221,045 per annum, which reflects a net initial yield of 6.75%. The […]
Electra Partners has announced that its portfolio company AXIO Group has received a binding offer from M3, Inc. to purchase Vidal Group, a leading European provider of reference drug information for healthcare professionals, for EUR100 million. The proposed transaction, which remains subject to certain conditions including consultation with the relevant works council in France and […]
HarbourVest has announced that, in light of the proposals disclosed by SVG Capital yesterday, to sell SVG Capital’s entire portfolio to funds managed by Goldman Sachs Asset Management’s Alternative Investments & Manager Selection Group (Goldman Sachs AIMS Group) and certain investment entities managed by Canada Pension Plan Investment Board (CPPIB) for approximately £748m, it believes […]
The Board of Empiric Student Property plc has acquired the freeholds of five operating properties, one in Exeter, two in Leicester and two in Portsmouth, with a total of 464 beds, for an aggregate cash consideration of GBP26.69 million (excluding acquisition costs) from assets managed by LaSalle Investment Management. All the properties were fully let […]
The Board of Ground Rents Income believes that the ability to utilise borrowings in addition to equity, and to leverage assets over a longer term period, will allow the Company to take advantage of attractively priced debt currently available to it, and provide greater flexibility now that the Company’s equity is fully invested, to allow the […]
