Better Capital has published figures for its 2009 and 2012 cells for the year ended 31 March 2015. For the 2009 cell the net asset value grew by 11% driven by solid performance from two of the investee companies in Fund I, Gardner and Santia. For the 2012 cell, the combination of write-downs in City […]
Globalworth Real Estate has just published its results for the year ended 31 December 2014. In brief, the EPRA NAV rose from €6.03 to €8.09. Underlying EPS was 16.1% higher at €2.02. The loan to value rose from 29.5% to 34.4%. the weighted average cost of debt is 3.99%, down from 5.95% with a weighted […]
LondonMetric Property has acquired a Next Distribution warehouse for £29m, reflecting a net initial yield of 6.3%. The off market acquisition is from a private property company and will be funded from the Company’s existing resources. The warehouse is located two miles north west of Junction 38 of the A1(M) in South Elmsall, Doncaster near […]
Treveria has published results for the year ended 31 December 2014. Briefly, the NAV fell to 5.1 cents (€30.7m) from 7.9 cents but the German tax authorities want €45m in Real Estate transfer Tax off them. They are disputing this but one legal challenge has failed and they must now decided if they want to […]
Hg Capital has announced the sale of its interest in SimonsVoss to Allegion plc. Hg Capital Trust’s share of the deal is £18.6m – at this price the fund’s NAV is uplifted by £2.3m. They say the NAV will rise to 1,215.6 pence per share – an uplift of 6.1 pence. SimonsVoss is a European leader […]
Henderson High Income has decided that it wants to take advantage of the low interest rate environment by issuing £20m of fixed rate notes. These have a 19 year life and pay a coupon fixed at 3.67%. The funding date is 8 July 2015 with interest payable semi-annually in arrears. The principal repayment date will be 8 […]
NextEnergy Solar results for the year ended 31 March 2015 have been published. The NAV rose from 100p to 103.3p over the period. Energy generation was 23.2GW, 4.8% above budget. Lower energy prices than forecast meant that this translated into revenues 1.9% above budget or earnings of 9.13p per share, from which they are paying dividends […]
ARC Capital has requested that its shares be suspended from trading pending the finalisation of its report and accounts for the year ended 31 December 2014. ARCH : ARC Capital suspends trading
Dolphin has put out a statement following the imposition of capital controls within Greece. It says the cash balances of the Group’s subsidiaries deposited with banks operating in Greece as at 26 June 2015 amounts in aggregate to €1.5m and the largest part of the Greek deposits relates to working capital used in the operations of […]
Oakley Capital has announced that it has sold most of its German on-line price comparison business, Verivox, to ProSiebenSat.1 for €200m making a 15x return on its original investment or an IRR of 73%. Verivox was held within its first fund, Fund I. Under the terms of the deal, Fund I could earn a further €50m […]
