Stock Split on the cards at European Assets Trust – 2017 was a good year for European smaller companies and for European Assets Trust (EAT). In its final report for the year ended 31 December 2017, the company recorded a share price return of +35.8% and a NAV total return of 22.6%. This compares to the total return […]
Currency movements negatively impact Apax’s NAV – Apax Global Alpha gives liquid exposure to the expertise of Apax Partners (Apax), the global private equity firm. In their annual report dated 31 December 2017, the portfolio was allocated between 65% in private equity and 35% in “derived investments”, which they describe as investments in equities and debt derived from the insights […]
Sirius Real Estate buys Hamburg business park – Sirius Real Estate says that on 1 March 2018, it acquired a business park in Schenefeld, a town on the edge of Hamburg, for €15.1 million (including acquisition costs). The Schenefeld business park has been acquired at an EPRA net initial yield of 7.8% and follows on from […]
3i Infrastructure funds Infinis investment in Alkane Energy – 3i Infrastructure intends to increase its investment in Infinis by c. £125 million to fund Infinis’s acquisition of Alkane Energy, an independent power generator from both coal mine methane and reserve power operations and the largest generator from coal mine methane in the UK. Completion is […]
Hg Capital goes large – Hg Capital Trust has announced plans to invest in much larger deals than it has done to date. Hg Capital has announced results for the year ended 31 December 2017. It delivered a 21.5% return on NAV and a 19.5% return to shareholders over the period as the NAV rose to […]
CVC Credit Partners reports another strong year – CVC Credit Partners European Opportunities posted a positive set of numbers for the year to 31 December 2017 . The NAV total return per share for GBP share class (CCPG) and EUR share class (CCPE) increased by 9.69% and 8.84% respectively over the period. This is within […]
ICG Longbow lends against Bristol office block – ICG-Longbow Senior Secured UK Property Debt Investments has completed a new GBP16.2 million loan facility to an affiliate of Affinity Global Real Estate. The loan, which is secured by a first mortgage over a multi-let office property in Bristol, comprises an initial advance of GBP14.2 million, at an […]
ScotGems taking own good time to find best long-term stocks – ScotGems (SGEM) was launched at the end of June 2017 and has released its first formal final report for the period up to 31st December. In that short time period, the fund managers have been investing £50.3 million from the initial fundraising and a further […]
Triple Point report busy first six months – The managers of the social housing REIT, Triple Point Social Housing (SOHO) have not been resting on their laurels. They have acquired 116 properties (828 units) with average property value of £1.2 m and an aggregate purchase price of £131.8 m (including costs). The geographic split of the properties is […]
JPMorgan European Smaller manager departs after 23 years – in a terse statement, JPMorgan European Smaller Companies has revealed that its manager of 23 years no longer wants to run the fund. “After 23 years of being involved in the successful management of the JPMorgan European Smaller Companies Investment Trust Plc, Jim Campbell has returned […]
