28th Jul 2016 07:47
LONDON (Alliance News) - HgCapital Trust PLC on Thursday said HgCapital, its manager, has sold sealing and flow control technology provider SFC KOENIG to IDEX Corp for GBP5.6 million.
The trust said the GBP5.6 million represents a 15% uplift over the net asset value of SFC at May 31. Completion of the sale is subject to regulatory approval. HG Capital has held an investment in Switzerland-based SFC since 2008.
IDEX is a producer of highly engineered fluidics systems and components in the US.
Shares in HgCapital Trust were down 0.8% at 1,245.25 pence on Thursday.
By Hannah Boland; [email protected]; @Hannaheboland
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