Global Resources Investment Trust is raising cash by making a firm placing of 270m shares at 2p per share (195m of which are being issued to Primestar (see below) and 75m to RDP Fund Management (GRIT’s fund manager). Shareholders will be able to subscribe for 15m shares at 2p in an open offer plus up […]
Electra Private Equity has announced that it is reviewing the Company’s investment strategy and policy and its structure. The announcement says that the review “will look at all options for maximising long-term shareholder value” although it does not give additional detail on what these various options might be. However, the board say that they presently […]
Hammerson has announced that it has exchanged contracts with Birmingham City Council to acquire the new Grand Central shopping centre in Birmingham for £335m. The company has also said that it is in advanced discussions, with an existing joint venture partner on other assets, about entering into a 50:50 joint venture for the future ownership […]
Kennedy Wilson Europe Real Estate has announced that it has completed the sale of the Avon Loan Portfolio for £100.3m. The sale is to a UK infrastructure fund and reflects an exit yield of 6.5%. Net cash proceeds amount to £99.1m. The Avon loan portfolio was acquired on June 2014 for £93.5m, reflecting a yield […]
Xtract Resources Plc has completed work on the processing plant at its Chepica gold and copper mine, in Chile, recommended by the Inspector of Mines following a double fatality in the plant on 24 December 2015. The company expects approval shortly to enable the plant to restart. Since the temporary shutdown, the mine has continued […]
The Independent Investment Trust, managed by Max Ward (pictured), has announced its annual results for the year ended 30 November 2015. During the period, the trust produced an NAV total return of 28.1%, outperforming both the FTSE All-Share Index and The FTSE World Index, which produced total returns of 0.6% and 2.6% respectively. In terms of […]
The Board of AEW UK REIT has announced the acquisition of a multi let industrial warehouse located in Brockhurst Crescent, Walsall, West Midlands, an established commercial area located two miles from Junction 9 of M6. Comprising approximately 142,106 sq ft, the property is fully let to Tata Steel UK and Micheldever Tyre Services providing a […]
JPMorgan Senior Secured Loan has announced that it looks as though a 50% tender will be triggered. The Board says it wants to remind shareholders that when JPMorgan Senior Secured Loan was launched its prospectus included a commitment to make a redemption offer giving shareholders the opportunity to redeem up to 50 per cent. of […]
John Laing Capital Management has appointed Gianluca Mazzoni as the Deputy Investment Adviser to John Laing Infrastructure Fund, in charge of Business Development. He will report to Andrew Charlesworth, John Laing Infrastructure’s Investment Adviser. Gianluca, who joins John Laing Capital Management this week, will be dedicated to John Laing Infrastructure and will be responsible for developing new […]
HgCapital, the Manager of HgCapital Trust has announced that it has made a majority investment in Sovos Compliance, a global provider of regulatory tax compliance software. HgCapital is the lead investor, alongside Vista Equity Partners. The terms of this transaction were not disclosed. HgCapital Trust is investing in Sovos alongside other institutional clients of HgCapital, […]
