Henderson European Focus Trust has published accounts for the year ended 30 September 2015 that show it outperforming its benchmark. The net asset value total return for the year was 5.3% compared to a total return from the FTSE World Europe ex UK Index of -1.2%. The ordinary share price total return was 5.2%. They also announced […]
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 […]
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 […]
Majedie Investments generated a 12.9% return on net assets for the year ended 30 September 2015 and a return to shareholders of 15.7%. The dividend was increased from 7.5p to 8p. This was the first full year of the Company’s assets being managed by Majedie Asset Management and they did a pretty good job – over […]
Blue Capital Global Reinsurance Fund is proposing to revise its investment policy and modify its performance fees. They want to do this in advance of the January 2016 reinsurance cycle. they also feel it is appropriate to reduce the company’s target return. The key changes proposed to the investment policy are as follows: the formal adoption of investment guidelines and […]
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 […]
