Prices and Markets

Hg invests in MeinAuto.de - Hg, the Manager of HgCapital Trust has announced an investment in MeinAuto.de, a leading B2C online platform for new car purchases based in Germany. The terms of the transaction were not disclosed. HgCapital Trust plc will invest approximately GBP6.7 million in MeinAuto, with other institutional clients of Hg investing through the Hg 8 Fund. Based on the pro-forma 30 November 2017 NAV, Hg Capital's liquid resources available for future deployment, including all announced transactions, are estimated...

Pershing Square settles lawsuit with Allergan - Pershing Square Holdings, Ltd has reached an agreement in principle, subject to court approval, to settle lawsuits concerning the attempted acquisition of Allergan plc. by Pershing Square Capital Management, L.P. and Valeant Pharmaceuticals International, Inc. in 2014. The lawsuits were filed in the Central District of California (Anthony Basile et al v. Valeant Pharmaceuticals International, Inc. et al. and Timber Hill LLC v. Pershing Square Capital Management, L.P. et al). Pershing Square and Valeant have...

Shaftesbury expands in Seven Dials area -  Shaftesbury PLC, which already owns a 14.9 acre property portfolio in London's West End, has announced that it has acquired six buildings on Neal Street, Seven Dials, for a total consideration of GBP24.6 million, inclusive of acquisition costs. Located on the northern end of Neal Street, between Short's Gardens and Shaftesbury Avenue, the buildings are adjacent to existing holdings and comprise six shops (5,200 sq. ft.) with sold-off residential accommodation above. Current contracted income is...

3i Infrastructure sells Anglian Water stake - 3i Infrastructure has agreed to sell its stake in Anglian Water Group, the parent company of Anglian Water, the supplier of water and water recycling services to over six million domestic and business customers in the east of England and Hartlepool.  The acquirer is a consortium of Dalmore Capital and GLIL Infrastructure LLP (the infrastructure investment joint venture between five local Government pension funds). The sale is conditional on certain third party consents and...

Primary Healthcare Properties investing in Cork - Primary Health Properties ICAV, an Irish investment vehicle wholly owned by Primary Healthcare Properties, has agreed to acquire a large modern primary heathcare facility in County Cork, Ireland for a total cost of €20 million. The facility comprises a lettable area of circa 6,500m2 and will be fully let. The Health Service Executive ("HSE") have committed to a new 25 year lease representing circa 65% of the total rent roll. The HSE is the...

3i Infrastructure gets bid for Elenia - In a statement released on 12 December, 3i Infrastructure said "Further to recent speculation, the board of 3i Infrastructure plc confirms that bids have been received from potential acquirers of Elenia.  These bids are currently being considered by the company and the other shareholders in Elenia.  The company will make a further announcement regarding its holding in Elenia if and when appropriate." 3i Infrastructure owns 39.3% of the company. It paid 194.8m for...

QuotedData’s economic round up – December 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the companies mentioned. Kindly sponsored by Martin Currie December Economic and Political Roundup A collation of recent insights on markets and economies taken...

QuotedData investment companies roundup – December 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2017. Kindly sponsored by Baillie Gifford. December Investment Companies Roundup Money raised and returned in November There were no new issues in November, in fact it seems as though many new funds are struggling to launch at the moment. Nevertheless, existing funds raised considerable amounts...

QuotedData is publishing a new update note on a company in the private equity sector. Standard Life Private Equity - A good year; more to come? With its recent results announcement, Standard Life Private Equity (SLPE) has posted decent returns (an NAV total return of 14.9% and share price total return of 31.9%). SLPE has benefitted from strong trading in its underlying companies, a healthy market for exits, improving sentiment towards the private equity sector and a narrowing discount as more investors have...