Tritax Big Box REIT has announced that it has exchanged contracts with a major UK institution to acquire two modern Big Box logistics facilities at Birch Coppice, Birmingham and at Warth Park, Raunds, Northamptonshire, let to Euro Car Parts Limited and Whirlpool UK Appliances Ltd, respectively. The combined purchase price is GBP115.5 million. Completion of […]
Atalaya Mining PLC (ATYM:AIM; AYM:TSX) Focused on ramping up production to 9.5Mtpa, to achieve nameplate capacity by the end of 2016. Completed a US$14M copper concetrate prepayment agreement with Transamine Trading S.A. The company is working on additional, alternative funding solutions to improve working capital for final phase of ramp-up; capex for H1 was €17.1M. Q3 2016 […]
The Board of Finsbury Growth & Income Trust has announced the following amendments to the fee arrangements with its Alternative Investment Fund Manager (Frostrow Capital LLP) and Portfolio Manager (Lindsell Train Limited). The basic idea seems to be to introduce a tiered fee as the market cap. of the fund nears £1bn. With effect from 11 October […]
In a new twist, Harbourvest has said in a press statement that it might bid for SVG’s portfolio. It followed this up with a statement this morning that said “HarbourVest announces today that it has approached the Board of SVG Capital with a view to engaging immediately with the Board to put forward a firm […]
JZ Capital has announced that its has sold two of its investments, Southern Petroleum Laboratories and Metpar, for a combined $11.5 million. JZCP received proceeds of $8.4 million from the sale of Southern Petroleum Laboratories , a leader in oil & gas measurement and laboratory services, which is approximately the company’s carrying value. JZCP also received warrants […]
GCP Infrastructure has announced that it has committed to subscribe for two loan notes of up to GBP60 million in aggregate, the proceeds of which will be used to finance supported living units for occupation by adults with learning or physical difficulties. The first Loan Note, for up to GBP50 million and with an expected term […]
Tharisa Minerals (THS.L) Modifications to Voyager’s Plant chrome processing circuit in H1 FY2016 to facilitate increased production of higher value speciality grade chrome concentrates, enables Tharisa to distribute to more globally diversified markets. The average PGM basket price for quarter ended September was US$804 oz, which was US$59 an ounce higher than previous quarter. Metallurgical grade […]
The Board of Ground Rents Income believes that the ability to utilise borrowings in addition to equity, and to leverage assets over a longer term period, will allow the Company to take advantage of attractively priced debt currently available to it, and provide greater flexibility now that the Company’s equity is fully invested, to allow the […]
Henderson Diversified Income Limited is mulling a change to its corporate structure (currently it invests through a Luxembourg subsidiary). Since it was launched, there have been a number of developments in Luxembourg tax legislation and practice, in particular in relation to transfer pricing. The OECD has recently introduced the BEPS (base erosion profit shifting) framework under […]
Electra Partners has announced that its portfolio company AXIO Group has received a binding offer from M3, Inc. to purchase Vidal Group, a leading European provider of reference drug information for healthcare professionals, for EUR100 million. The proposed transaction, which remains subject to certain conditions including consultation with the relevant works council in France and […]
