Montanaro European Smaller Companies, managed by Charles Montanaro (pictured) has cut its base management fee from 1% of market capitalisation to 0.9%. At the same time it has eliminated its performance fee. the change took effect on 1 April 2014.
Conygar Investment Company has sold Site 1, Aker Village, Aberdeen for £8m (a 6.1% uplift over the end September 2013 valuation). The site has a 64,500 sq ft warehouse and an 11,500 sq ft office let to Aker Business Services.
LondonMetric Property is to develop a new 1m square foot retail distribution centre on the A14 in Islip, Northamptonshire. The facility will cost £77m to build and has been pre-let on a 25 year lease at £5 per sq ft to a major retailer.
Symphony International Holdings has released its results for the year ended 31 December 2013. The net assert value per share was unchanged on the year at $1.18 but its discount narrowed providing an uplift in the share price from $0.68 to $0.76. They made one full disposal and one partial disposal during the year and […]
Over the year ended 31 December 2013, Acencia Debt Strategies’ net asset value per share increased by 9.7% to 109.75p and the share price by 20.9% to 100.30p
LMS Capital has announced that it has sold its interest in Updata Infrastructure for £27.2m to Capita. The price reflects a 5.3x multiple on the cost of the investment and adds 4p per share to the net asset value. Updata was LMS capital’s largest investment.
Caledonia Investments has sold its investment in The Amber Chemical Company for £23m – well up on its £15.2m book value as at the end of September 2013.
Bilfinger Berger Global Infrastructure is buying a 37.5% interest in the Mersey Gateway Bridge project a new six lane toll bridge over the Mersey between the towns of Runcorn and Widnes – See more at: www.merseygateway.co.uk
Perpetual Income and Growth is issuing £60m of 15 year notes (repayable on 8 May 2029). These carry an interest rate of 4.37% (paid semi-annually). Perpetual Income & Growth’s existing £30m debt facility matures in July this year. The interest on the old notes was 6.125%.
3i Infrastructure has made a £13.1m commitment to buy a 25% interest in the Mersey Gateway Bridge project a new six lane toll bridge over the Mersey between the towns of Runcorn and Widnes – See more at: www.merseygateway.co.uk
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