HICL and INPP reassure on Carillion exposure – HICL Infrastructure Company Limited has made an statement following the recent announcement from Carillion plc regarding its compulsory liquidation. Acting through the Risk Committee, the HICL board and InfraRed, the company’s manager, make ongoing assessments of counterparties, potential issues in the HICL supply chain and related contingency planning. In particular, […]
Reconstruction Capital II acquiring Policolor – Reconstruction Capital II has signed conditional agreements to buy shareholdings in two Romanian-focussed investment funds whose main underlying asset is a 60% shareholding in Policolor S.A., a Romanian producer of paints and coatings, resins and chemicals with a substantial real estate portfolio. Reconstruction Capital already owns 40% of Policolor and, if the deal […]
Impact Healthcare REIT buys three care homes – Impact Healthcare REIT has exchanged contracts to acquire in a sale and leaseback transaction a portfolio of three purpose-built care homes in the North-East of England for GBP17 million (including costs). Completion is conditional on, among other things, regulatory approvals, and is expected to take place before the end […]
Aberdeen Standard European Logistics invests in Frankfurt – Aberdeen Standard European Logistics Income has announced that it has exchanged contracts to acquire Flörsheim Logistics Park, Frankfurt for a net value of EUR20.1 million from SEGRO Zehnte Grundbesitz GmbH. The acquisition will be funded from existing cash, following the successful launch of the company on Friday 15 […]
Hg invests in MeinAuto.de – Hg, the Manager of HgCapital Trust has announced an investment in MeinAuto.de, a leading B2C online platform for new car purchases based in Germany. The terms of the transaction were not disclosed. HgCapital Trust plc will invest approximately GBP6.7 million in MeinAuto, with other institutional clients of Hg investing through the […]
FastForward share price soars to multiple of NAV – what are they smoking? FastForward announced its interim results on 28 December which showed that its NAV at the end of September 2017 was 9.18p. Jim Mellon, the chairman, said “While our continued premium to net asset value suggests that our investor base still sees our […]
Bill Ackman behind $300m tender for Pershing Square shares, sale of Howard Hughes Corp stake to facilitate deal, buyback suspended Pershing Square Holdings has announced the proposed sale of all of PSH’s 2,067,490 shares of common stock in The Howard Hughes Corporation (NYSE: HHC). Pershing Square is pursuing this sale in order to help facilitate […]
Pershing Square settles lawsuit with Allergan – Pershing Square Holdings, Ltd has reached an agreement in principle, subject to court approval, to settle lawsuits concerning the attempted acquisition of Allergan plc. by Pershing Square Capital Management, L.P. and Valeant Pharmaceuticals International, Inc. in 2014. The lawsuits were filed in the Central District of California (Anthony […]
Tritax buys Unilever distribution centre – Tritax Big Box REIT has acquired a national distribution facility at Hickling Road in Cannock, Staffordshire, which is operated and let to Unilever UK Ltd, one of the world’s leading suppliers of Food, Home and Personal Care products. The total consideration is GBP44.25 million (excluding purchaser’s costs). The property […]
Victory Park sells Prosper loans – In line with the previously stated strategy of reallocating capital from marketplace lending to balance sheet lending, Victory Park Speciality Lending has announced that it has sold its Prosper marketplace loans. The loans sold represented approximately 4.1% of the fund’s NAV as at 31 October 2017, reducing its marketplace […]
