BP Marsh (which provides venture capital to financial services businesses) has bought a 12% stake in LEBC for £1m and lent another £1m to LEBC’s employee benefit trust to allow it to buy more shares in the company. LEBC is an IFA with £2bn under advisory operating from 11 branches across the UK. BPM first invested […]
Foresight Solar is buying a 10.7MW solar power plant – Hunters Race on 12.4ha of a former quarry in West Sussex. Altogether FSFL now has 137.4MW of generating capacity across seven plants. Only one 32MW plant, in Leicestershire, is currently delivering energy to the grid. However Castle Eaton and High Penn are expected to be grid connected […]
Manx Telecom is to IPO on the AIM market (completion of the listing is expected to be on 10 February 2014). Manx’s shares have been priced at 142p, valuing the business at £160m, and the IPO is fully underwritten at this price. Hg Capital is selling its entire shareholding in the IPO, realising cash proceeds of c£13.1m. […]
British Land is buying £41m worth and tendering for an additional £35m worth of additional units in the Hercules unit trust at a price equivalent to a 3.8% discount to NAV. Hercules unit trust owns £1.5bn of retail property spread across 17 retail parks including the Glasgow Fort Shopping Park (pictured). British Land is the […]
Over the six months ended 31 December 2013 Mid Wynd returned almost twice as much as its benchmark as the net asset value total return was 12.5% and the FTSE World Index total return was 6.6%. The company says that it benefited as money moved from bond investments to equities during the period. Investments that […]
Better Capital has released a trading statement today in which it cautions that trading conditions in two of the companies held in the 2009 cell have been “significantly below expectations”. Both are said to be profitable however. BCAP is warning that there could be a significant write down in the value of these companies at […]
Target Healthcare REIT has bought a 61 bedroom purpose built care home in Glasgow for £4.3m. The home is let to Mossvale Care Home limited for 30 years at a rent equivalent to an initial yield of 7.75% and the rent is subject to an annual uplift in line with RPI (subject to a cap […]
Masawara, a fund specialising in investment in Zimbabwe, has sold its 51% stake in Masawara Energy Mauritius Limited for $29.325m ($4.437m more than when the deal was first announced in July 2013). The proceeds will be reinvested in new deals.
Qannas is a small fund investing in private equity situations in the Gulf countries of the Middle East (pictured). It has agreed to a deal, technically a reverse takeover, whereby it will combine with two similar but unlisted limited partnership funds domiciled in Cayman and move its domicile from Jersey to Cayman. There is a […]
INPP has made a number of deals to tidy up its portfolio of Building Schools for the Future investments – adding to its investment in Kent BSF at a cost of £7.2m (taking its interest to 58% with Kent County Council owning the balance) and selling its minority interests in Hul, Leeds, Newcastle, Rochdale, Sandwell […]
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