Second Arix investee plans US IPO Arix Biosciences (ARIX), a LSE-listed life sciences VC investor, could potentially see two of its investee companies go public on the US stockmarkets in the coming weeks, after Iterum Therapeutics disclosed the filing of a Form S-1 registration statement with the US SEC. Iterium’s move comes after another Arix investee company, Autolus – […]
€15.5 million sale of German non-core asset by Sirius Real Estate – The completion of the sale of the Bremen Brinkman business park for €15.5 million has been announced by the completion of the sale of its Bremen Brinkman business park for €15.5 million by Sirius Real Estate (SRE). The company say in the announcement that […]
Regional REIT purchases six new assets – Regional REIT (RGL) announced that it has exchanged contracts to purchase six regional assets from Kildare Partners for £35.2m in an off market transaction. The net income from the assets purchased is expected to be in the region of £3.1m per annum. This equates to a net initial yield […]
Ian Barrass to retire as co-fund manager of Henderson Alternative Strategies – The board of Henderson Alternative Strategies (HAST) has announced that Ian Barrass is to retire as co-fund manager at the end of June 2018 due to long-standing health issues. James de Bunsen, who has been the company’s co-fund manager since May 2014, will continue in […]
Colin Hughes to retire as co-fund manager of Henderson Opportunities Trust – The board of Henderson Opportunities Trust (HOT) has announced that Colin Hughes, co-fund manager for the company is to retire from Janus Henderson Investors on 30 June 2018. James Henderson continues as the lead fund manager for the company, assisted by Laura Foll and Charlotte Greville. Laura […]
Gresham House proposal of acquisition and placing of new ordinary shares – Gresham House (GHE) has announced two proposals today. Firstly, it is planning to acquire an alternative investment fund manager and secondly to raise approximately £15.0m by a placing of new ordinary shares. Aquisition Gresham House is a specialist alternative asset manager and it is looking to […]
Frustrating year for EPE Special Opportunities – The poor performance of the company’s largest asset has brought down the NAV and share price of EPE Special Opportunities (ESO), it reports in its annual statement for the year to 31st January 2018. However, moves are in place to improve performance. The NAV at 31 January 2018 was […]
INPP increases Cadent stake – International Public Partnerships Limited has agreed to acquire an additional interest in the Cadent gas distribution network. In March 2017, the Company announced that the Quadgas consortium of which INPP is part had acquired a 61% interest in National Grid’s gas distribution networks. INPP invested £274 million to get a 4.4% stake […]
Africa Opportunity held back by hedging and C Share meger costs – Over the course of 2017, Africa Opportunity’s net asset value per share (for its ordinary shares) rose by 16.9%. Superficially, this looks like a good return but, to provide some basis for comparison, South Africa rose 34%, Nigeria rose 30%, Kenya rose 35%, […]
Ranger opts for Ares Management – Ranger Direct Lending announced on 29th January 2018 that its investment management arrangements were under review. Twenty investment management firms engaged in the process and a shortlist of six met with the Board in March and April. The criteria applied to selection, inter alia, were: a desire to produce for […]
