27th Oct 2025 16:09
(Alliance News) - Schroders Capital Global Innovation Trust PLC on Monday said portfolio company Securiti AI has inked a definitive agreement to be acquired by Veeam Software for USD1.73 billion.
Shares in the London-based investment trust rose 1.5% to 14.90 pence on Monday afternoon in London.
Schroders Capital has had an indirect interest in the company since 2019, only making a direct investment in late 2023 in parallel with other Schroders Capital vehicles, the company said.
Whilst full details of the deal remain undisclosed, Schroders Capital said the manager estimates a positive valuation adjustment of 2.35% to the June 30 net asset value. It added that once factoring in the July tender offer announcement, this equates to a NAV rise of around 2.9%.
"This increase reflects the increased value of Securiti which is estimated to be valued at GBP7.7 million post transaction, up from GBP3.6 million as of June 2025," said the trust.
Schroders Capital said more details will be shared once the transaction has closed.
"We would like to congratulate the team at Securiti AI on this outstanding achievement. The acquisition by Veeam reflects the strength of Securiti's technology and its leadership in the rapidly growing data security and AI governance market," said Lead Portfolio Manager Tim Creed and Co-Portfolio Manager Harry Raikes.
"For Schroders Capital Global Innovation Trust, this represents a significant value realisation that has occurred earlier than we had anticipated and is expected to generate meaningful proceeds for shareholders as part of the managed wind-down process," the pair continued.
By Christopher Ward, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Schroders Capital Global Innovation Trust