Hg Capital, the Manager of Hg Capital Trust, has announced that it has agreed the sale of TeamSystem Holding SpA, a leading provider of business critical, regulatory driven software products to accountants, HR professionals and SMEs in Italy, to Hellman & Friedman LLC, a leading private equity investment firm. Hg Capital intends to retain a […]
K&C REIT, which was admitted to AIM on 3 July 2015, has released its annual results for the year ended 30 June 2015. On its admission to AIM, the Group issued 43,035,622 ordinary shares, including 35,663,400 shares issued at 10 pence per share pursuant to a fundraising, generating gross cash proceeds of £3,566,340. Shortly after […]
JPMorgan Private Equity has announced that, further to its announcement on 27 October 2015 (regarding the spin-out of the company’s investment management team from J.P. Morgan Asset Management to an affiliate of Fortress Investment Group LLC) the company has now been advised that a definitive agreement in relation to the transfer has been signed. As […]
Alpha Pyrenees announces today that it has sold a portfolio of five properties in France totalling approximately 127,850 square metres for €142.7 million. The properties included in the portfolio were the Trust’s largest property, the Villarceaux-Nozay Business Park let to Alcatel-Lucent, and the Trust’s properties at Evreux, Goussainville, Roissy-en-France and Nimes. The purchaser is an […]
Derwent London has announced the sale of old Wedge House, 40 Blackfriars Road SE1, a 38,700 sq ft vacant freehold office building, for £33.5m before costs to Ennismore. Derwent, in collaboration with Ennismore, obtained planning permission this summer for a 110,000 sq ft hotel and office scheme at the site. Ennismore will now undertake the […]
Phoenix Spree Deutschland has exchanged contracts to buy four properties in Berlin and has sold two buildings in Nürnberg at a significant premium to book value. The four Berlin properties were bought for an aggregate consideration of €R19.8m (£14m), excluding acquisition costs; representing a price per square metre of €1,640. The deal covers 150 residential and 10 commercial units […]
Scottish Investment Trust announced a cut in its borrowings yesterday as it purchased in the market for cancellation 21,188,000 5.75% Secured Bonds 2030. Upon cancellation 82,827,000 5.75% Secured Bonds 2030 will remain in issue. Today it has announced results for the year ended 31 October 2015. The total return on net assets was 4.0% while the share […]
Candover Investments says Arle Capital Partners has agreed to sell Stork to Fluor Corporation for an enterprise value of €695m. The sale of Stork, provider of knowledge-based asset integrity services, completes the full exit of the investments held through Stork Holding BV following the sale of Fokker Technologies earlier this year to GKN plc for €706m. The […]
Standard Life European Private Equity has announced results for the year ended 30 September 2015. The net asset value total return for the year was 11.9 but the closing share price was 214.0p, a decrease of 7.0% over the year and a discount of 24.0% to NAV. The dividend was increased from 5p to 5.25p. […]
Seneca Global Income & Growth reports an NAV total return of -1.3% for the six months ended 31 October 2015. This is below the return on its benchmark of 1.8%. However SIGT has outperformed most indices and its competitors. On a capital only basis Seneca Global Income & Growth reported a 3.2% fall in NAV as compared to a 7.3% fall […]
