JZ Capital Partners has sold six European investments for €96.3m. These investments are held through the EuroMicrocap Fund 2010, L.P. The transaction will be completed in two phases. Firstly, on February 1, 2016, JZCP sold its stake in the first five assets (Docout, Ombuds, One World Packaging, Toro Finance, and Xacom) for €75.2 million. Secondly, […]
Regional REIT Limited has announced that it has exchanged contracts to buy the “Rainbow Portfolio” for £80m from Northwood Investors. The portfolio produces a net yield of 8.2% at a capital rate of only £70 per sq.ft., well below replacement cost. The portfolio comprises 12 assets, five offices and seven industrial sites totalling 1.15m sq.ft. and […]
Apax Global Alpha has announced a proposed commitment to Apax IX and amendment and extension of its Revolving Credit Facility. Apax Global Alpha has agreed an amendment and restatement of the multicurrency revolving credit facility agreement with Lloyds Bank plc dated 30 January 2015. The Amended and Restated Revolving Credit Facility increases the funds available from […]
Following an announcement on 18 November 2015, from Juridica Investments, that it would no longer make new investments and would be conducting a review of its cost structure, its board have now announced amendments to its fee structure and measures that the company says will reduce its fixed costs going forward. The board says that, […]
GLI Finance has announced that, following its previous announcement on 21 December 2015 regarding the development of a strategic relationship with the Somerston Group of companies, that it has agreed binding terms with Golf Investments (a newly formed special purpose vehicle that is part of the Somerston Group). Somerston will be providing finance to GLI […]
Artemis Alpha has announced that, following a quarterly review of the Company’s unquoted portfolio, a number of adjustments have been made to the carrying valuations. These have resulted in an overall reduction of 2.1 per cent in the Company’s net asset value. The most significant reduction was to Starcount, where it was considered prudent to […]
Over the year to the end of October 2015 Henderson Opportunities returned 13.5%, way ahead of the 2.9% return posted by the FTSE All-Share Index, its benchmark. The discount widened to 10% from 3% and so the return to shareholders was 6.3%. The full year dividend was increased from 12.5p to 18p. Once again, 4D […]
Jupiter European Opportunities published its interim results on 4 February. Over the six months to the end of November 2015, the total return on net assets was 3.1%, well ahead of the -4.7% returned posted by the FTSE World Europe ex UK index. Demand for the company’s shares (£35m worth of new shares were issued […]
Electra has announced the sale of its interest in fine art materials producer Daler-Rowney to the FILA Group, a Milan-listed producer of writing instruments and art supplies. Electra received proceeds of approximately £32m which equates to an uplift of £20m or 163% on the valuation of Daler-Rowney at 30 September 2015, implying an increase in NAV per share […]
Further to the announcement on 15 December 2015, Alpha Pyrenees has announced that it has sold its properties located at Athis Mons, Aubergenville and Aubervilliers in France totalling approximately 59,730 square metres for EUR24.3 million. The purchaser is an investment vehicle managed by Colony Capital, Inc. (NYSE: CLNY), a global real estate and investment management […]
