Atlantis Japan has another great year – Atlantis Japan Growth Fund has published results for the year ended 30 April 2018. The NAV per share increased by 38.8% compared to an increase of 13.5% for the TOPIX in GBP. Aided by this strong NAV performance, the market capitalisation has now increased to over GBP110m. The discount was 9.6% on […]
NextEnergy Solar adds 10 solar plants to its portfolio – and adds a new revolving credit facility of £40.0 million with Santander. As part of its ongoing growth programme, NextEnergy Solar Fund (NESF) has acquired ten operating solar plants with a total installed capacity of 66.8 MWp in the West Country. The aquisition was done by way of a share […]
Fidelity Special Values lowers its fees – The board of Fidelity Special Values (FSV) has followed other companies in the Fidelity Investment trust stable by arranging with Fidelity, the investment manager, a lower new tiered fee structure. Fidelity European Values was the first to announce its lower fee in March 2018. Fidelity Japanese Values and Fidelity China Special Situations announced the same in […]
Gresham House proposal of acquisition and placing of new ordinary shares – Gresham House (GHE) has announced two proposals today. Firstly, it is planning to acquire an alternative investment fund manager and secondly to raise approximately £15.0m by a placing of new ordinary shares. Aquisition Gresham House is a specialist alternative asset manager and it is looking to […]
Colin Hughes to retire as co-fund manager of Henderson Opportunities Trust – The board of Henderson Opportunities Trust (HOT) has announced that Colin Hughes, co-fund manager for the company is to retire from Janus Henderson Investors on 30 June 2018. James Henderson continues as the lead fund manager for the company, assisted by Laura Foll and Charlotte Greville. Laura […]
INPP increases Cadent stake – International Public Partnerships Limited has agreed to acquire an additional interest in the Cadent gas distribution network. In March 2017, the Company announced that the Quadgas consortium of which INPP is part had acquired a 61% interest in National Grid’s gas distribution networks. INPP invested £274 million to get a 4.4% stake […]
Ranger opts for Ares Management – Ranger Direct Lending announced on 29th January 2018 that its investment management arrangements were under review. Twenty investment management firms engaged in the process and a shortlist of six met with the Board in March and April. The criteria applied to selection, inter alia, were: a desire to produce for […]
SQN will hand back £40m – While the board is pleased with the performance of the underlying investments made to date in SQN Asset Finance Income‘s C Share portfolio and the investment discipline in developing the portfolio, the speed of deployment has been slower than anticipated. At the date of this letter, approximately GBP66 million of the […]
Ranger reports on disappointing and frustrating year – Embattled Ranger Direct Lending has published its annual report for the year ended 31 December 2017. As its chairman points out, 2017 was a disappointing and frustrating year for the company. Total NAV returns fell by 2.95% in US dollar terms, but a sharp decline in the […]
Hg agrees sale of Teufel to Naxicap Partners – HgCapital Trust (HGT) has announced the sale of one of its portfolio companies, Teufel to Naxicap Partners. Hg will realise estimated cash proceeds of approximately £15.2m on the completion of this transaction. This would represent an uplift of £5.4m (56%) or 15 pence per share over the carrying value […]
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