BBGI buys stake in Canadian hospital – BBGI SICAV has acquired a 25% equity interest in the Stanton Territorial Hospital PPP Project. This project is one where BBBGI’s revenues will depend on whether the hospital is available for use rather than being linked to anything like the volume of patients using it. Stanton is a new 27,000 […]
Cash offer for John Laing Infrastructure – The board of John Laing Infrastructure and a consortium which comprises Dalmore Capital Limited and Equitix Investment Management Limited confirm they are engaged in discussions regarding a possible cash offer for John Laing Infrastructure, to be made by a new company to be jointly owned by funds managed or advised by […]
CIP Merchant Capital makes its second investment – CIP Merchant Capital has announced an investment in Orthofix International NV, a global medical device corporation focused on musculoskeletal healing products and value-added services traded on the Nasdaq Global Select Market. The company has bought, in aggregate, 85,000 common stock in Orthofix for a total consideration of approximately US$5 million. […]
Caledonia buys Cooke Optics – Caledonia Investments has acquired a majority stake in Cooke Optics Group, the UK manufacturer of premium-end cinematography lenses for the film, television and advertising industries, in a transaction which values the business at GBP96.5m. Founded as a lens manufacturer in 1886, Cooke has been at the centre of the film making business […]
No dramas for aircraft leasing funds – Doric Nimrod Air One through Three published their annual reports last night and Amedeo Air Four published its quarterly report. Doric Nimrod Air One is the simplest of the four funds. It purchased one asset, an Airbus A380-861, in December 2010 which it leased to Emirates. A $122m senior secured finance facility provided by […]
River and Mercantile Micro Cap to return more cash – The Board of River and Mercantile UK Micro Cap intends to undertake another compulsory redemption of its redeemable ordinary shares. The company has a redemption mechanism in place, which is used periodically to return capital to shareholders, so as to return the company’s net asset value to around GBP100 […]
GCP Infrastructure on First Priority Housing – Civitas Social Housing was not the only fund with exposure to First Priority Housing, the housing association that got itself into difficulties when it ended up with a lot of empty properties. On 22 February 2018 the Board of GCP Infrastructure announced that the directors and the investment adviser, Gravis Capital Management, were monitoring […]
Hipgnosis Songs Fund buys into The-Dream – Hipgnosis Songs Fund Limited has reached agreement to acquire its first music catalogue from Terius Youngdell Nash, better known by his stage name The-Dream. Hipgnosis Songs will acquire a 75% interest in the catalogue for up to US$23.75m. The remaining 25% interest in the catalogue will be retained by The-Dream. The […]
NewRiver REIT buys Hollywood – Retail & Leisure Park (Barrow in Furness) – not California! NewRiver has acquired Hollywood Retail & Leisure Park, Barrow-in-Furness, from an institutional investor for GBP15.3 million. They say that the deal offers NewRiver a number of opportunities to extract further value, including the immediate conversion of two existing units to introduce a 20,000 […]
LondonMetric Property swaps Odeon for shed – LondonMetric Property has exchanged on the sale of an Odeon Cinema in Warrington for GBP13.7 million, reflecting a NIY of 4.8%, and acquired an urban logistics asset in Milton Keynes for GBP12.0 million, reflecting a deemed NIY of over 5.0%. At Warrington, the 10 screen, 36,000 sq ft cinema formed part of […]
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