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Investment Companies News

Investment companies are companies set up to make investments on behalf of their shareholders (also called closed-end funds and, in specific circumstances, investment trusts).

09 Sep 2022

Queen Elizabeth II

QuotedData is deeply saddened by the passing of Her Majesty, Queen Elizabeth II. She was held in the very highest regard, an inspiration who sacrificed so much for us, which we are truly thankful for. Our thoughts and prayers are with her family at this extremely difficult time. God save the King.

09 Sep 2022

QuotedData’s morning briefing 9 September 2022

In QuotedData’s morning briefing 9 September 2022: Riverstone Credit Opportunities Income (RCOI) has announced that it is upsizing its investment in Hoover Circular Solutions, a sponsor-backed company that is a global leading specialty rental provider of containers and mobile asset management solutions across the energy, industrial, refining, and petrochemical industries. In October 2020, RCOI participated in a […]

Sectors
Companies
08 Sep 2022

abrdn UK Smaller Companies Growth struggles as Nimmo bows out

abrdn UK Smaller Companies Growth Trust has published results covering the 12 month period ended 30 June 2022. The trust underperformed its Numis Smaller Companies plus AIM (ex Investment Companies) Index benchmark by some margin, returning -27.3% in NSAV terms and -34.3% in share price terms against -19.0% for the index. The dividend increased by […]

08 Sep 2022

Renewables Infrastructure makes battery storage investment

The Renewables Infrastructure Group says that it has exchanged contracts to acquire the right to develop three battery storage sites in the North of England. Two of the projects, which when built will total about 165MW with a two-hour duration, are scheduled for grid connection and commencement of operations in 2024 and 2025. The third site, […]

08 Sep 2022

QuotedData’s morning briefing 8 September 2022

In QuotedData’s morning briefing 8 September 2022: International Public Partnerships, publishing its interim report, says that its Angel Trains investment is unaffected by strikes, its additional £42m investment in the Thames Tideway super sewer completed yesterday (7 September) and construction works are 80% complete, and Cadent (the UK gas infrastructure business, INPP’s largest investment) is […]

Companies
07 Sep 2022

Riverstone Energy backs fast-charging business Tritium

Riverstone Energy Limited is making a $10m debt commitment to Tritium DCFC Limited, which will contribute to extending Tritium’s existing $90m senior debt facility from Cigna & Barings by $60m to $150m. In addition, Tritium has established a $75m committed equity facility with B. Riley Principal Corporation. The new debt investment complements an existing equity […]

Sectors
07 Sep 2022

Welkin China Private Equity prospectus

Welkin China Private Equity has published its prospectus. You can access this here Applications are via a placing – see the information in the prospectus. There is no offer being made to retail investors. Access to the IPO is restricted by geography. In particular, you should not be accessing this from the USA. Please ensure that you […]

07 Sep 2022

Atrato Onsite Energy invests £31m

Atrato Onsite Energy plc (LSE: ROOF), the renewables investment trust focusing on UK commercial onsite energy, has announced two deals that result in it investing more than £31m. They says that these are expected to deliver long dated, contracted cashflows with annual inflation or fixed uplifts in line with targeted returns. Sonne Solar The fund […]

07 Sep 2022

QuotedData’s morning briefing 7 September 2022

In QuotedData’s morning briefing 7 September 2022: SDCL Energy Efficiency Income Trust (SEIT) says its issue was oversubscribed and has been expanded to £135m, accordingly the company will issue a total of 118,421,053 new ordinary shares at 114p of which 5,139,370 relate to the retail investor offer. It is expected that dealings in the new […]

Companies
06 Sep 2022

It’s moving day

A message from Ed Marten, CEO of Marten & Co, the firm behind QuotedData We are thrilled to announce that, after nine wonderful years being based in Chelsea, we are moving to the heart of the City. The relocation marks a new phase in our growth, is closer to many of our clients, and gives […]

06 Sep 2022

LXI REIT sells “income strip” on Thorpe Park and Alton Towers for £257m

LXi REIT has sold a 65-year “income strip” on its Thorpe Park and Alton Towers assets to an institutional investor for £257m. As part of the deal, the company has sold the freehold in the properties to the buyer, with 999-year leases granted back to the company, with LXI paying the buyer an annual aggregate […]

Sectors
06 Sep 2022

Oakley Capital Investments backs vLex

Oakley Capital Investments notes that Oakley Capital Origin Fund2 is investing in vLex, an online legal information subscription platform. The trust’s indirect contribution to this deal via the Origin Fund will be about £8m. Oakley Capital Origin Fund is partnering with the founders of vLex, a cloud-based legal information subscription platform. Founded by brothers Lluis […]

06 Sep 2022

QuotedData’s morning briefing 6 September 2022

In QuotedData’s morning briefing 6 September 2022: abrdn UK Smaller Companies Growth Trust (AUSC) says that, after 37 years with Standard Life and abrdn, Harry Nimmo will retire at the end of 2022 and will, therefore, step down as co-manager of the company at that time. Abby Glennie, who has worked alongside Harry in the […]

05 Sep 2022
240

Welkin China Private Equity targets $300m IPO

Welkin China Private Equity targets $300m IPO – Welkin China Private Equity (WCPE), a newly established closed-ended investment company dedicated to investing in unquoted Chinese companies, has announced its intention to float, targeting a raise of up to $300m. It expects to publish its prospectus in the coming days. The company will offer public investors exposure […]

Sectors
05 Sep 2022
DORE Lake Vanern Wind Farm

HICL Infrastructure to acquire Texas Nevada Trasmission and Hornsea II Windfarm

HICL Infrastructure to acquire Texas Nevada Trasmission and Hornsea II Windfarm – HICL Infrastructure (HICL) has announced two prospective acquisitions to its portfolio, consisting of a significant majority shareholding in Texas Nevada Transmission and preferred bidder status for the assets associated with the Hornsea II Offshore Wind Farm offshore transmission link. Texas Nevada Transmission HICL has […]

Sectors
05 Sep 2022

QuotedData’s morning briefing 5 September 2022

In QuotedData’s morning briefing 5 September 2022: Schiehallion (MNTN) has posted its interim results for the six months to 31 July 2022. During this time, the trust delivered a negative return of 17.6%. The managers said market price volatility has had an impact on the opportunities they have been seeing. Companies are reluctant to raise […]

Sectors
02 Sep 2022

QuotedData’s weekly news show 2nd September 2022

Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, Jayna Rana covered the week’s top stories: SDCL Energy Efficiency Income Trian Investors 1 This week’s interview was with Tim Levene from Augmentum Fintech and Andrew McHattie from Investment Trust Newsletter – […]

Sectors
02 Sep 2022

Go nuclear and go large!

“Go nuclear and go large and go with Sizewell C”, the final words from Boris Johnson as prime minister, before he hands over the office to possibly Rishi Sunak or, more likely, Liz Truss, next week. It is not surprising that Johnson, known for his love of grandstanding while being simultaneously sketchy on the details, […]

Sectors
02 Sep 2022

Finally, a resolution to the Trian Investors 1 conundrum

Trian Investors 1 (TI1) has announced that, following consultation with major shareholders, it will compulsorily redeem no less than 95% of each shareholders’ holding by 30 June 2023 at the latest. It says that this redemption is to be satisfied by a distribution of the investment partnership’s underlying assets (including an in specie distribution of […]

Sectors
02 Sep 2022
a white and orange mug with hello written on it next to an iphone

QuotedData’s morning briefing 2 September 2022

In QuotedData’s morning briefing 2 September 2022: ICG Enterprise Trust (ICGT) has announced that it has made a US$20m commitment to Green Equity Investors IX, managed by Leonard Green & Partners (LGP). This is the first commitment by ICGT to a fund managed by LGP. Founded in 1989, LGP is a private equity investment manager […]

01 Sep 2022
SDCL Energy acquires 50% stake in US energy portfolio for $110m

SDCL Energy Efficiency Income looking to raise £100m

SDCL Energy Efficiency Income looking to raise £100m – SDCL Energy Efficiency Income (SEIT) has announced a proposed placing to raise around £100m through an issue of new ordinary shares at a price expected to be in the range of 113 pence to 117 pence per new ordinary share. In addition to the placing, SEIT […]

01 Sep 2022

QuotedData’s morning briefing 1 September 2022

In QuotedData’s morning briefing 1 September 2022: London & Associated Properties (LAS) has posted its half-year report for the six months to 30 June 2022. During this time, the company increased its net assets by 17% to £34.2m and its shares now trade at 40.04p per share. LAS moved further away from traditional retail through […]

Sectors
Companies
31 Aug 2022

Oakley Capital invests in TICC platform, Phenna Group

Oakley Capital Investments Limited (OCI) has announced that Oakley Capital Fund V, in which it has a holding is investing in Phenna Group, which OCI describes as a leading platform in the testing, inspection, certification, and compliance (TICC) sector. It comments that TICC is a large, fragmented and growing market driven by favourable trends from […]

Sectors
31 Aug 2022

VH Global Sustainable Energy Opportunities acquires Brazilian hydro asset

VH Global Sustainable Energy Opportunities (GSEO) has announced that it has acquired the Mascarenhas Hydro Electric Facility in the state of Espírito Santo, Brazil. The 198MW run-of-river facility, which has been operational since 1974, is being acquired for a total consideration of BRL1,225m. This comprises BRL 800m on closing, subject to adjustments, with the remainder […]

Sectors
31 Aug 2022

Picton Property Income acquires mixed-use property in Cheltenham

Picton Property Income (PCTN) has announced that it has completed the freehold acquisition of 109-117 High Street, Cheltenham for £5.3m. The property, which is mixed-use, comprises 7,700 sq. ft of ground floor retail space with 11,450 sq. ft of office space over two upper floors. It is located in Cheltenham’s pedestrianised town centre, adjacent to John […]

Sectors
31 Aug 2022
a notepad and pen sitting next to a cup of coffee in a blue cup and saucer

QuotedData’s morning briefing 31 August 2022

In QuotedData’s morning briefing 31 August 2022: BBGI Global Infrastructure (BBGI) has published its interim results for the six months ended 30 June 2022. During the period, BBGI’s NAV increased by 6.5% and it provided a total shareholder return of 10.4%. BBGI says that its equity cash flows are positively linked to inflation resulting in […]

Sectors
30 Aug 2022
a large bulk carrier sailing towards the bottom left of the picture

Taylor Maritime announces all cash offer for Grindrod Shipping

Taylor Maritime Investments (TMI) has announced that, on 25 August 2022, it submitted a non-binding indicative offer proposal to the board of directors of Grindrod Shipping Holdings Limited (Grindrod – www.grinshipping.com) to acquire all of the Nasdaq and Johannesburg Stock Exchange listed company for cash. Under the proposals, TMI would acquire all of the issued […]

30 Aug 2022

QuotedData’s morning briefing 30 August 2022

In QuotedData’s morning briefing 30 August 2022: Digital 9 Infrastructure’s shares commence trading on the premium segment of the London Stock Exchange with effect from 8 am this morning. Octopus Renewables Infrastructure (ORIT) has announced that its investment manager will be presenting via the Investor Meet Company platform on Wednesday 7 September 2022 at 12pm […]

Sectors
Companies
26 Aug 2022

QuotedData’s weekly news show 26th August 2022

Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, Matthew Read covered the week’s top stories: Urban logistics REIT Rockwood Strategic Digital 9 Infrastructure This week’s interview was with Nick Brind of Polar Capital Global Financials Trust– watch it again here.

Sectors
Companies
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