Oryx International Growth Fund sees offers for two portfolio companies
30th Oct 2024 15:03
(Alliance News) - Oryx International Growth Fund Ltd on Wednesday noted two of its portfolio companies have received takeover offers. Read More
(Alliance News) - Oryx International Growth Fund Ltd on Wednesday noted two of its portfolio companies have received takeover offers. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday. Read More
<p>(Alliance News) - Eckoh PLC on Wednesday said it agreed to a takeover from certain funds managed by Bridgepoint Advisers II. <br /><br />Eckoh, a London-based provider of secure payment and customer contact products, said the bid valued it at GBP169.3 million on a fully diluted basis and implies an enterprise value of approximately GBP161.8 million.<br /><br />The buyer will fork out 54p per share in cash, an 11% premium to Eckoh's 48.5p per share closing price on August 21, before the start of its offer period.<br /><br />Eckoh shares jumped 25% to 52.65 pence each on Wednesday morning in London, giving it a market capitalisation of GBP151.1 million.<br /><br />Eckoh expects the takeover to complete in the first quarter of 2025, with shares in the company to be delisted as it plans to re-register as a private company.<br /><br />"This offer represents a strong premium and allows Eckoh shareholders to realise attractive value," said Alan Payne, partner & deputy head of Bridgepoint Development Capital. "Eckoh is an international leader in a niche software sector and at the cutting edge of customer engagement technology, and we are real admirers of the platform. <br /><br />"There is a growing need for businesses to establish secure customer payment solutions as new contact channels, payment methods and compliance regulations emerge and customer requirements evolve."<br /><br />Eckoh said: "Bridgepoint believes that with the right additional investment, Eckoh will be well-placed to succeed. <br /><br />"Bridgepoint will help unlock Eckoh's potential through geographic expansion, product innovation and expansion and targeted acquisitions - enabling Eckoh to grow its customer base and drive long-term profitable growth."<br /><br />Oryx International Growth Fund Ltd, which invests in medium and small quoted and unquoted companies in the UK and US, and is managed by Harwood Capital Management, noted the release. Oryx expects an increase in its net asset value of the September valuation to rise by about 10 pence per share and increase its cash balance by GBP8.1 million, should the offer complete. <br /><br />Oryx shares were down 1.9% at 1,191.50p each on Wednesday morning in London.<br /><br />By Tom Budszus, Alliance News slot editor<br /><br />Comments and questions to [email protected]<br /><br />Copyright 2024 Alliance News Ltd. All Rights Reserved.</p> Read More
Oryx International Growth Fund Ltd - invests in medium and small quoted and unquoted companies in the UK and US; managed by Harwood Capital Management - Lynne Mills, an associate of Director Christopher Mills, buys 5,000 shares at 1,435 pence, worth GBP71,750, on Tuesday. Read More
Oryx International Growth Fund Ltd - Guernsey-based investment fund - Net asset value per share as at March 31 improves 12% to GBP16.55 from GBP14.75 a year prior. Chair Nigel Cayzer says: "The UK public equity markets, particularly for small companies, have been beset by many challenges. It is therefore interesting to note that the performance of your company over a prolonged period, is excellent." Looking ahead, Harwood Capital Management Gibraltar Ltd, which manages the investment activities of the company, says: "The company, with its fixed capital structure, is well placed to make new investments which, in time, we believe will have proven to be fundamentally undervalued." Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday. Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Monday and not separately reported by Alliance News: Read More
Hipgnosis Songs Fund Ltd - London-based music intellectual property rights investor - Hires Christopher Mills, the founder of Harwood Capital Management and co-founder JO Hambro Capital Management, as an independent non-executive director, starting Friday. Mills currently is chief executive officer and investment manager of North Atlantic Smaller Cos Investment Trust PLC, and is on the boards of MJ Gleeson PLC, AssetCo PLC, and Oryx International Growth Fund Ltd. Mills holds no shares in Hipgnosis. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - City Pub Group PLC on Thursday agreed to a cash and shares takeover offer from Young & Co's Brewery PLC worth around GBP162 million, while Young's also said half-year profit rose. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday. Read More
(Alliance News) - OnTheMarket PLC shares soared on Thursday after it agreed to a takeover from indirect CoStar Group Inc subsidiary CoStar UK Ltd for around GBP99 million. Read More
(Alliance News) - Oryx International Growth Fund Ltd on Friday noted bids for its holdings in Tribal Group PLC, Pendragon PLC and Smoove PLC. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday. Read More
(Alliance News) - Oryx International Growth Fund Ltd on Thursday said its net asset value has fallen with global markets continuing to face turbulence. Read More
(Alliance News) - Oryx International Growth Fund Ltd on Friday said net asset value per share was down and it swung to a loss, but it remained optimistic as it eyes cheap investments with depressed valuations. Read More