QuotedData’s weekly news show 17 September 2021 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: GCP Asset Backed Income Schroder UK Public Private Apax Global Alpha This week’s interview was with Robin Parbrook […]
Interim results tend to be quite placid affairs – giving a good update on performance and market commentary but not much else. This week, however, property development specialist Harworth Group bucked the trend by outlining its intentions to double in size to more than £1bn over the next five to seven years. Chief executive Lynda […]
As we discussed in Friday’s news show, it has been a good week for private equity investors. Hg Capital said it had sold its investment in supply chain management software company Achilles at a 20% premium to its last valuation, adding 0.9% to NAV. Apax Global Alpha announced an 89% uplift in the value of […]
JPMorgan Mid Cap has announced its annual results for the year ended 30 June 2021, which show that it had a bumper year of outperformance that was derived from a number of sources. During the year, JMF says that its benchmark, the FTSE250, provided a total return of 36.7%, while JMF’s NAV total return for […]
NextEnergy Solar Fund (NESF) has announced that it has into a £100m joint venture partnership (JVP) with Eelpower Limited, a leading battery storage specialist in the UK. The joint venture partnership is targeting the establishment of up to 250MW in projects with £100m in invested capital and has already signed its first acquisition of a […]
SDCL Energy Efficiency Income (SEIT) has announced that it has raised £250m from its oversubscribed issue, reflecting a strong level of support from both institutional and retail investors. Given the level of demand and the company’s acquisition pipeline, the Board has decided to increase the target size of the Issue from gross proceeds of £175 […]
In QuotedData’s morning briefing 17 September 2021: Middlefield Canadian Income has released its interim results for the six months ended 30 June 2021, during which it generated an NAV total return of 26.5% and a share price total return of 23.3% (its share price also reached a record high in June). Surprisingly, the announcement doesn’t […]
HDIV shareholders approve changes – Henderson Diversified Income Trust says shareholders have approved changes to the investment objective and policy, a replacement benchmark and new Articles of Association (the latter point allows the holding of virtual and/or hybrid GMs/AGMs along with some other minor administrative changes). All of these changes are effective immediately. The new […]
Schroder UK Public Private to benefit from Oxford Nanopore IPO? – Schroder UK Public Private has highlighted that its portfolio company Oxford Nanopore Technologies Limited has today filed notice of its intention to float. As part of the potential IPO, it is expected that the company will include a limited secondary offer of £300m, half […]
Apax hails Thoughtworks IPO – The Apax IX Fund, in which Apax Global Alpha is a limited partner, is an indirect shareholder in Thoughtworks, a global technology consultancy that integrates strategy, design and engineering to drive digital innovation. Following Thoughtworks’ announcement on the 14 September 2021 of the pricing of its initial public offering of common […]
In QuotedData’s morning briefing 16 September 2021: GCP Asset Backed Income says that on 15 September 2021 certain entities within what it terms “the Co-living Group” were placed into administration. We highlighted the fund’s problems with this loan on Monday. GCP Asset Backed Income, its co-lenders and an operator have formed a syndicate to fund […]
Tritax EuroBox has announced the forward funding of a new logistics asset near Stockholm, Sweden, for €27.9m. The deal marks the company’s second acquisition in Sweden. The 13,181 sqm logistics facility, located just north of Stockholm, consists of two separate units of 8,204 sqm and 4,977 sqm, which will be constructed between November 2021 and December […]
Good performance for The Investment Company following portfolio turnaround – The Investment Company (INV) has published its full-year results for the year ended 30 June 2021. During the period, its NAV per share increased by 8.28% while its share price was up 11.96%. The discount widened from 9.43% to 12.41% over the year. Following the […]
Round Hill Music acquires catalogue from Pearl Jam producer – Round Hill Music Royalty (RHM) has acquired recorded music income and publishing rights to 30 songs from Tim Palmer, an English record producer, guitarist and songwriter of rock and alternative music. The catalogue covers tracks from the debut Pearl Jam album “Ten”, which sold over […]
In QuotedData’s morning briefing 15 September 2021: The Renewables Infrastructure Group (TRIG) has announced the results of its issue (by way of placing) under the its Share Issuance Programme and PrimaryBid Offer announced on 31 August 2021.TRIG will issue 161,290,323 New Ordinary Shares at 124 pence per share, raising gross proceeds of £200m in aggregate. […]
HgCapital Trust plans to invest about £24m into HHAeXchange (HHAX), a provider of homecare management solutions for payers, providers, and state Medicaid agencies. Hg is investing alongside other institutional clients of Hg through the Hg Genesis 9 Fund. Cressey & Company LP, a healthcare-focused private investment firm which first partnered with HHAX in 2018, will […]
In QuotedData’s morning briefing 14 September 2021: Henderson High Income, managed by David Smith (pictured), made a great start to 2021 outperforming its benchmark by 3.9% to produce an NAV return of 12.3% for the six months ended 30 June. Shareholders did much better than that though as the discount was eliminated, providing a return […]
Civitas Social Housing has been the subject of negative press over the weekend. The Sunday Times reported that ShadowFall – an investor that sells stock in companies it doesn’t own and then publishes negative research on them with the aim of buying back the shares at a cheaper price – has a short position in […]
Digital 9 Infrastructure launches placing with £200m target – Digital 9 Infrastructure (DGI9) has launched a placing of new ordinary shares at a price of 107.5 pence per ordinary share pursuant to the terms of its existing placing programme. It is targeting gross proceeds of approximately £200m, which could be exceeded subject to demand, to […]
In QuotedData’s morning briefing 13 September 2021: Montanaro European Smaller Companies (MTE) is due to undertake a share split, whereby a sub-division of each ordinary share of 50 pence each will be split into 10 new ordinary shares of 5 pence each. The new ordinary shares are to be admitted to trading on the premium […]
QuotedData’s weekly news show 10 September 2021 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew and Richard Williams covered the week’s top stories: VH Global Sustainable Energy European logistics – ASLI and EBOX Standard Life Investments Property Income […]
As the commercial real estate sector gets to grip with reducing its large carbon footprint (it contributes around 30% to 40% of global emissions), a small listed property trust made a market leading and potentially game changing investment this week. The £275m market cap Standard Life Investments Property Income Trust (SLI) bought 1,447 hectares of […]
In a busy week, one of the more interesting announcements was an intention to float notice from Foresight Sustainable Forestry Company. The company hopes to raise £200m and invest that in UK forestry assets. It thinks it can generate rolling annual returns of 5% above inflation (as measured by CPI) once it has got its […]
Tritax EuroBox is looking to raise £170m (€200m) to acquire further assets, after also announcing today that it will forward fund a logistics development in the Ruhr region of Germany. The proposed placing of 152.5 million shares will be at an issue price of 111.5 pence, representing a discount of 3.0% to the closing share […]
Alternative asset manager, Gresham House (GHE) has announced that it has agreed terms to purchase the Venture Capital Trust (VCT) business of Mobeus Equity Partners LLP (Mobeus) for an upfront payment of £24.0 million, with a further £12.1 million payable over a three-year period, subject to certain criteria being achieved. To fund the purchase, Gresham […]
In QuotedData’s morning briefing 10 September 2021: RTW Venture (RTW) has announced a new portfolio investment in Lycia Therapeutics, following its participation in the company’s US$70m series B financing round, the proceeds of which are intended to advance Lycia’s discovery pipeline of LYTAC degraders. Lycia is a privately held biotechnology company developing extracellular protein degradation […]
Round Hill Music buys Dennis Elliott’s catalogue – Round Hill Music Royalty Fund has acquired the master royalty income of Dennis Elliott, a British musician and artist, who was the original drummer of the rock group Foreigner. The catalogue comprises 71 original recordings spanning the first seven Foreigner studio albums, which feature numerous major hits, including […]
VH Global funds new UK CHP plants – VH Global Sustainable Energy Opportunities has announced a £78m programme commitment to fund innovative net zero flexible power generation projects in the UK, which support the energy transition towards more renewable power generation. The fund’s investment will fund the construction of two UK-based combined heat and power […]
Seraphim Space completes nanosatellite deal – Seraphim Space Investment Trust confirms that it is buying a holding in Spire Global, Inc. from the Seraphim Space LP. The intention to make this investment was set out in the IPO prospectus – following its IPO, Seraphim Space planned to buy four assets from the Seraphim Space Fund in […]
RTW Venture backs InBrace – RTW Venture Fund, other investment vehicles of RTW Investments, and other investment firms participated in the $102m Series D funding round for InBrace on 08 September 2021. InBrace is a privately held medical technology company pioneering SmartwireTM, a behind-the-teeth teeth straightening approach. The company treats all types of orthodontic cases […]
