LONDON: British infrastructure investors HICL Infrastructure PLC (HICL.L) and The Renewables Infrastructure Group TRIG.L agreed to combine on Monday, forming the UK’s largest listed infrastructure investment company with net assets exceeding £5.3 billion ($6.7 billion). The all-share merger, structured as a reconstruction and voluntary winding-up of TRIG, aims to create a dominant player better positioned…
Tag: Investment Trust
HgCapital Trust reports NAV growth amid strong portfolio performance in Q3
LONDON: HgCapital Trust plc reported a rise in its net asset value for the quarter ended Sept. 30, 2025, driven by robust trading within its portfolio of unquoted European technology firms, the company announced Thursday. The trust, which offers a listed vehicle for investing in companies managed by private equity firm Hg, saw its NAV per…
abrdn European Logistics sells three Polish warehouses for €84 million as wind-down advances
LONDON: abrdn European Logistics Income plc, a firm invested in European logistics real estate, announced Monday it has completed the sale of three multi-let warehouse estates in Poland for approximately €84 million. The assets, located in Krakow, Lodz and Warsaw, total more than 91,000 square meters of leasable area. The properties were constructed between 2018 and…
Octopus Renewables Infrastructure Trust announces sale of interest in HYRO Energy Limited
LONDON: Octopus Renewables Infrastructure Trust plc, the diversified renewables infrastructure company, today announces it has completed the sale of its entire interest in HYRO Energy Limited (“HYRO”), a UK-based green hydrogen and e-fuels development platform, for a total expected consideration of £4.6 million, in line with the Company’s latest holding value of HYRO. ORIT’s 25%…
Apax Global Alpha reports interim results amid recommended acquisition by Janus Bidco
AGA’s NAV fell to €1.11 billion as of June 30, down from €1.23 billion at year-end 2024 LONDON: Apax Global Alpha Limited (AGA) reported a decline in net asset value (NAV) for the first half of 2025, as the private equity investment company prepares for a recommended cash acquisition by Janus Bidco Limited. AGA’s NAV…
The Scottish American Investment Company reports steady gains, dividend growth in H1 2025
SAINTS declared a second interim dividend of 3.75 pence per ordinary share LONDON: The Scottish American Investment Company (SAINTS) posted modest gains in the first half of 2025, with net asset value (NAV) total return rising 1.1% and share price return climbing 3.6%, according to its unaudited interim financial report approved by the board on…
Apax Partners backed bidco proposes €916.5 million acquisition of Apax Global Alpha
LONDON: The boards of Janus Bidco Limited (“Bidco”) and Apax Global Alpha Limited (“AGA”) (LSE: AGA) announced Monday a recommended cash acquisition of the entire issued share capital of AGA by Bidco. The deal values the Guernsey-based investment trust at approximately €916.5 million (approximately £794.5 million). Bidco, a newly formed Guernsey company indirectly owned by…
Polar Capital Technology Trust posts modest NAV growth amid volatile fiscal year
LONDON: Polar Capital Technology Trust PLC (PCT.L) reported a 3.1% rise in net asset value (NAV) per share to 325.20 pence for the financial year ending April 30, 2025, up from 315.41 pence a year earlier. The trust’s total net assets reached £3.80 billion, reflecting resilience despite geopolitical turbulence and sharp market swings driven by…
River Global to acquire Devon Equity Management in to bolster European equities expertise
LONDON: River Global PLC, an agile asset and wealth management firm, has signed heads of terms to acquire Devon Equity Management Limited, marking a significant expansion into European equity investment. Under the proposed deal, Devon’s senior management—who own the firm—will receive up to 41 million A Ordinary Shares in River Global. This comprises an initial…
BlackRock World Mining Trust
BlackRock World Mining Trust (LSE: BRWM) is a British investment trust dedicated to investments in mining and metals. Established in 1993, the trust is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. It is based in London. The fund is managed by the UK subsidiary of BlackRock. Industry: …
Alliance Trust plc
Alliance Trust plc (LSE: ATST) is a publicly traded investment and financial services company, established in 1888 and headquartered in Dundee, Scotland. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. It is one of the largest investment trusts in the UK. Until October 2018, Alliance Trust…