Investment Company News

13 Sep 2016

JZ Capital Partners sells its minority stake in Winn Group

JZ Capital Partners has announced that it has closed the sale of its minority stake in Winn Group, held through the EuroMicrocap Fund 2010, L.P. to a major financial institution for €20.8m ($23m) following the receipt of regulatory approval. Founded in 2002, Winn is a Newcastle-based UK legal services firm specialising in personal injury cases. […]

12 Sep 2016

Africa Opportunity Fund invests in Tullow bonds

Africa Opportunity Fund’s net asset value per share of US$0.898 as at 30 June 2016 increased by 2.7% from the 31 December 2015 net asset value per share of US$0.875. In the same period, the share price rose 7% from $0.647 to $0.692. Its C share net asset value per share of US$0.819 decreased by 0.2% from the […]

12 Sep 2016

Hg Capital hits new highs aided by weak sterling

Hg Capital reports that, at 30 June 2016, the Trust’s NAV per share reached a new high of £15.48 per share, after the payment of a dividend in respect of 2015 of 40 pence per share, reflecting growth during the half year (on a total return basis) of 12.1%. The total NAV of the Trust […]

12 Sep 2016

Oil price falls impact Qatar Investment Fund

According to its Chairman’s statement, over the year that ended on 30 June 2016, Qatar Investment Fund’s share price fell 18.2% compared to the Qatar Exchange which fell 18.9% and a fall of 14.21% in the MSCI Emerging Markets Index. It says the net asset value of the fund fell 20.8%, underperforming the benchmark. The Board […]

12 Sep 2016

John Laing Infrastructure interims

John Laing Infrastructure has announced interim results covering the six months ended 30 June 2016. It reports an NAV per share of 113.8 pence, up 5.0% against that as at 31 December 2015. The share price rose from 116.7p to 128p. Including dividends of 3.41p (up 1%), this translates into a 12.6% total shareholder return […]

12 Sep 2016

Harbourvest bid for SVG

HarbourVest today announces a full and final cash offer to be made by HarbourVest Bidco for the entire issued and to be issued ordinary share capital of SVG Capital, to be implemented by way of a takeover offer within the meaning of Part 28 of the Companies Act 2006. Under the terms of the Offer, […]

09 Sep 2016

Murray Income’s tobacco holdings aid performance

Over the year to the end of June 2016, Murray Income Trust’s net asset value (total return) outperformed its benchmark, rising by 5.9%, compared to 2.2% for the FTSE All-Share Index. The Board is recommending a final dividend of 11.25p, which makes a total for the year of 32.25p, an increase of 0.8%. The shares produced a […]

09 Sep 2016

Foresight Solar Fund raises £28.9m from sale of treasury shares

Foresight Solar Fund has announced the results of its placing of 28.2m treasury shares. Then placing, which was originally announced on 5 September 2016, was oversubscribed and £28.9m of gross proceeds have been raised. The fund says that a total of 28,152,143 Ordinary Shares will be sold out of Treasury at the Placing price of […]

09 Sep 2016

Derwent London sells leasehold interest in 75 Wells Street, W1, for £40.9m

Derwent London has announced that it has sold its long leasehold interest in 75 Wells Street, London W1, for £40.9m before costs. The purchaser was a private investor and the company says that the sale price was in line with December 2015 and June 2016 valuations. According to Derwent London, 75 Wells Street (pictured) is […]