LONDON BRIEFING: Stocks expected to start week up slightly amid PMIs
5th Feb 2024 07:42
(Alliance News) - Stocks in London are set to open slightly higher on Monday, ahead of a slew of purchasing managers' index readings. Read More
(Alliance News) - Stocks in London are set to open slightly higher on Monday, ahead of a slew of purchasing managers' index readings. Read More
(Alliance News) - HgCapital Trust PLC on Friday said its manager Hg will invest in European insurance brokerage platform, GGW Group GmbH. Read More
(Alliance News) - HgCapital Trust PLC on Monday said Hg has agreed to a full realisation of its shareholding in Argus Media, a provider of intelligence to the global energy and commodity markets. Read More
(Alliance News) - Stocks in London are called higher on Monday, following a tech-led rally in New York stock markets, which drove the S&P 500 to an all-time high. Read More
(Correcting that HgCapital Trust manager Hg also is London-based.) Read More
(Alliance News) - HgCapital Trust PLC on Wednesday said manager Hg has agreed to a partial sale of Iris Software Group Ltd to Los Angeles-based private equity firm Leonard Green & Partners LP. Read More
(Alliance News) - Stocks in London were expected to make gains at Wednesday's market open, as investors continued to pin their hopes on US interest rate cuts. Read More
(Alliance News) - HgCapital Trust PLC on Thursday said it has invested in CINC Systems, cloud-based software company to the association management sector. Read More
HgCapital Trust PLC - London-based investor, providing access to the private equity investments of New York-based manager Hg - Says that it has agreed a realisation of GGW Group, an insurance brokerage platforms for small and medium-sized enterprises, with Permira IP Ltd investing in the business. Permira is a global private equity firm. The transaction values HgCapital's investment in GGW at GBP93.8 million, representing an uplift of GBP27.0 million over the GBP66.8 million carrying value in the net asset value of HgCapital at September 30. Read More
(Alliance News) - HgCapital Trust PLC on Wednesday announced that portfolio trading in the third quarter of 2023 was strong, boosting its net asset value. Read More
HgCapital Trust PLC - London-based investor providing access to the private equity investments of New York-based manager Hg - Says Hg will invest approximately GBP8.1 million in Huckelhoven, Germany-based JTL-Software-GmbH. JTL is an enterprise resource planning software provider specialising in e-commerce solutions for small and medium-sized companies. It currently serves around 50,000 German businesses, achieving "strong customer advocacy and retention rates". Other institutional Hg clients will also invest through the Hg Mercury 4 fund. Read More
(Alliance News) - HgCapital Trust PLC on Monday said investment manager Hg has agreed to sell accounting software platform, Silverfin NV, to Norwegian cloud software firm Visma. Read More
(Alliance News) - HgCapital Trust PLC on Monday said in the first half of 2023, it achieved a significant long-term net asset value outperformance. Read More
(Alliance News) - Stocks in London are called lower on Monday, as investors focus on the week's upcoming central bank decisions. Read More
HgCapital Trust PLC - London-based investment vehicle that provides access to the private equity investments of New York-based manager Hg - HgCapital Trust says net asset value will receive a 1.2 pence per share uplift from the sale by Hg of Commify, a Nottingham, England-based provider of business messaging services via mobile phone, to private equity firm ECI Partners LLP. The full exit by Hg was worth EUR300 million in total. It had first invested in Commify in 2016. HgCapital Trust says the deal values its own stake in Commify at GBP21.9 million, a 32% uplift over the investment's book value as of March 31 of GBP16.6 million. This will put pro-forma NAV at 475.3p per share. Read More
HgCapital Trust PLC - London-based investment vehicle that provides access to the private equity investments of New York-based manager Hg - HgCapital Trust will book a 68% uplift to the carrying value of its investment in Pesaro, Italy-based TeamSystem Spa, after manager Hg agreed a partial disposal of its investment in the business software firm, including to the Abu Dhabi Investment Authority and CapitalG, Alphabet Inc's investment fund. Hg has held a minority stake in TeamSystem since 2015 and will continue to do so when the partial sale completes in the first quarter of next year. The sale price values HgCapital Trust's investment in TeamSystem at GBP33.3 million, an uplift of GBP13.5 million or 2.9 pence per HgCapital Trust share, over carrying value. This will put the pro-forma NAV of HgCapital at 474.3p per share. HgCapital Trust will release its interim results on September 18. Read More