Apax interest in BCA boon for Marwyn Statement re possible offer “Apax Partners LLP (“Apax”) notes the recent media speculation in relation to BCA Marketplace plc (“BCA”). Apax confirms that it is in the early stages of considering an offer for BCA to be made by a new entity controlled by funds advised by Apax (“Apax […]
MedicX buying twelve primary care centres – MedicX Fund has today completed the off-market acquisition of a portfolio of 12 operational and fully let primary care medical centres for a price of GBP63.8 million, adding 8.9% to the portfolio. The acquired portfolio has a gross rent roll of approximately GBP3.0 million per annum and a weighted average […]
Aberdeen Standard European Logistics buys in Frankfurt hub – Aberdeen Standard European Logistics has exchanged contracts to acquire a new development in a modern logistics hub located in Erlensee Langendiebach, Frankfurt for an expected net value of EUR33.3 million (subject to final rental conditions and full occupancy) from regional developer Ferdinand Fäth. The acquisition will be funded […]
Low volatility returns from Seneca Global Income & Growth – the company reported its full year results to 30 April 2018. The NAV of Seneca Global Income & Growth Trust (SIGT) returned +5.7% on a total return basis, with an annualised volatility of 5.7%. The volatility the UK’s FTSE All-Share Index was 9.2%. The share price also returned […]
Performance of Martin Currie Asia Unconstrained “adrift” of its investment objective – the NAV on a total return basis of Martin Currie Asia Unconstrained (MCP) increased by 6.3% while the share price rose 9.8% for the year to 31 March 2018. On a capital return basis, the NAV recorded an increase of 2.5%. The share price […]
Oaktree issues a further open letter to Rangers shareholders – In an ongoing to-ing and fro-ing of correspondence, on June 7th, Ranger Direct Lending (RDL) responded to the open letter to its shareholders from Oaktree Capital Management. (Click here to see a copy of the letter dated 7th June 2018 and previous letters). Asset manager, LIM Advisors, also published […]
Better Capital PCC has announced that BECAP12 Fund LP, via its subsidiary, C Bidco Limited, has entered into a conditional agreement with Gardner Aerospace Holdings Limited (Gardner), a wholly owned subsidiary of Shaanxi Ligeance Mineral Resources Co. Limited (SLMR), for the sale of the entire issued share capital of Northern Aerospace Limited (NAL) for cash […]
JZ Capital Partners calls EGM to approve deals – JZ Capital Partners has arranged a meeting on 26 June 2018 to approve its acquisition of a stake in Deflecto Holdings LLC and an investment in JZI Fund IV LP. Deflecto Holdings JZCP intends to acquire from Edgewater Growth Capital Partners a 27.696% interest in Deflecto for approximately US$23.175m. Following the […]
Ranger Direct Lending responds to Oaktree and intervention from LIM Advisors – Ranger Direct Lending (RDL) responded to the open letter to its shareholders from Oaktree Capital Management. (Click here to see a copy of the letter dated 6th June 2018). Asset manager, LIM Advisors, also published its views on the performance of Rangers, which are similar to […]
A further letter to Ranger Direct Lending’s shareholders from Oaktree – On 4th of May 2018, we reported on an open letter from Oaktree Capital Management to the shareholders of Ranger Direct Lending (RDL) Click here to read a copy of the open letter and Rangers’ response. Oaktree has sent a further letter, dated June 6, 2018, as […]
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