Atlantis Japan reports that 56.27% of the votes cast on the poll were against LIM’s Resolution, which sought to instruct the Board to put to shareholders proposals for the restructuring and/or liquidation of the company. Accordingly, LIM’s Resolution was not passed. Noel Lamb, Chairman of Atlantis Japan Growth Fund, said: “The vote against the resolution […]
Electra’s interim results show it generating a total return on net assets of 15% for the six months ended 31 march 2016, well ahead of a 7% return for the Morningstar Private Equity Index. The discount widened a little leading to a 9% return to shareholders. The return on the UK market for the period was […]
Empiric Student Property says it has exchanged contracts to acquire, subject to planning, the freehold of a site on Well Street, Exeter, at a cost of £1.5 million (excluding fees). The Company is in the process of applying for planning permission with Exeter City Council for a premium student accommodation development on the site, comprising […]
British & American has published results for 2015. Net assets at the year end were £30.2m, an increase of 11.4 percent. This compares to decreases in the FTSE 100 and All Share indices of 4.9 percent and 2.5 percent, respectively, over the period. On a total return basis, after adding back dividends paid during the […]
Electra Private Equity has announced the sale of their interest in Kalle, the global manufacturer of artificial sausage casings and sponge cloths, to Clayton Dubilier & Rice LLC. The transaction is subject to regulatory approvals. Upon completion Electra is expected to receive proceeds of £22 million (based on current exchange rates), Together with proceeds from the […]
Caledonia Investments has announced that it has sold its 20% stake in B&W Group Limited (“Bowers & Wilkins”), the designer, manufacturer and distributor of high-end audio equipment, for the sterling equivalent of £24m in cash, together with payment of an accrued dividend of £0.5m, as part of the wider sale of Bowers & Wilkins to EVA […]
3i Infrastructure has today announced two new investments – a €200m investment in TCR, Europe’s largest owner of aircraft ground support equipment and a €5m investment in a PPP backing the regeneration of Hart van Zuid in the Netherlands. 3I Infrastructure will invest approximately €200m, subject to completion adjustments, in TCR, in a consortium with Deutsche […]
Candover Investments has announced the partial realisation of its investment in Technogym S.p.A, which is managed by Arle Capital Partners Limited. The partial realisation follows the initial public offering of Technogym. In the IPO of Technogym, Candover will sell 62.5% of its interest in Technogym for net cash proceeds of £11.7 million. Candover’s remaining interest in Technogym […]
On 31 July 2015, Global Resources announced that it had extended its accounting period from 31 August to 31 December. The rationale behind this move was to better align the company’s accounting period with those of the majority of its investee companies and also the payment periods attaching to its Convertible Unsecured Loan Stock “CULS”. […]
The Board of Schroder European Real Estate Investment Trust has announced the company’s fifth investment since listing on 9 December 2015. Contracts have been signed for the purchase of a convenience retail property located in Germany. The asset is a grocery supermarket anchored, multi-let convenience retail centre located in a growing inner urban region of Frankfurt […]
