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Pin to quick picksDuke Capital Share News (DUKE)

Share Price Information for Duke Capital (DUKE)

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Share Price: 33.75
Bid: 33.50
Ask: 34.00
Change: 0.25 (0.75%)
Spread: 0.50 (1.493%)
Open: 33.50
High: 34.75
Low: 33.75
Prev. Close: 33.50
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Duke Capital exits investment in street light firm Fabrikat

Thu, 07th Mar 2024 13:57

(Alliance News) - Duke Capital Ltd on Thursday said that it has exited its investment in Meteor HoldCo Ltd, which owns the street lighting manufacturer, Fabrikat Ltd.

The move comes three years after Duke's financing solution enabled Fabrikat's established management team to become majority equity owners.

According to the Guernsey-based provider of royalty finance to companies in the UK and Europe, the exit has now delivered an internal rate of return of 36%, with further potential gains available from future performance-related deferred consideration.

Duke had invested GBP6.2 million in Fabrikat to date. The firm is now being bought by Metalogalva Irmaos Silvas SA, a Portuguese company focused on engineering and steel protection.

"Fabrikat is a real success story for Duke and a great case study for why Duke's capital is a perfect fit for individuals seeking to execute an MBO. Our capital allowed long-standing employees of a strong business to step up into large equity ownership positions and in that role, they continued to prove themselves as great stewards of the business, creating value for all stakeholders. In turn, we are pleased to build on our already robust track record of achieving above-average returns on exits," said Chief Executive Officer Neil Johnson.

Duke Capital shares was untraded at 30.00 pence each in London on Thursday afternoon.

By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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4 Jul 2023 13:50

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Duke Royalty Ltd - Europe and North America-focused alternative capital solutions provider - Posts total income of GBP31.0 million for year ended on March 31, up from GBP28.8 million the year before. Pretax profit is down to GBP19.6 million from GBP20.4 million, as total operating costs rise to GBP4.3 million from GBP3.6 million the year before. Finance costs balloon to GBP5.6 million from GBP2.0 million. Recurring cash revenue increases by 46% to GBP21.9 million from GBP14.9 million. Looking ahead, expects to see higher deployment rate in financial 2024 than in financial 2023. Adds that it remains cautiously optimistic about the future.

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Duke Royalty puts another £1.9m into New Path

(Sharecast News) - Alternative capital specialist Duke Royalty announced a follow-on investment of £1.9m into its existing royalty partner New Path Fire and Security on Monday.

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27 Jun 2023 15:45

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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26 Jun 2023 14:22

IN BRIEF: Duke Royalty invests another GBP1.8 million into Tristone

Duke Royalty Ltd - Europe and North America-focused alternative capital solutions provider - Announces a follow-on investment of GBP1.8 million into its existing partner Tristone Healthcare Ltd. Says the fund will facilitate Tristone's latest acquisition of South West Intervention Services Ltd. This increases Duke's total investment in Tristone to GBP19.4 million.

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26 Jun 2023 11:01

Duke Royalty puts another £1.8m into Tristone Healthcare

(Sharecast News) - Alternative capital provider Duke Royalty announced an additional investment of £1.8m into its existing partner Tristone Healthcare on Monday.

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1 Jun 2023 10:29

IN BRIEF: Duke Royalty shares up as quarterly cash revenue rises

Duke Royalty Ltd - Europe and North America-focused alternative capital solutions provider - Says recurring cash revenue for the fourth quarter of financial 2023 amounts to GBP5.7 million, up from GBP4.7 million the year before. Total cash revenue is GBP5.8 million, up from GBP5.6 million in the previous quarter. Says in the quarter, Duke Royalty completes a new USD8.8 million royalty investment into Instor Solutions Inc, a California-based product reseller and service provider for work related to the build-out and migration of data centres.

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24 May 2023 19:15

IN BRIEF: Duke Royalty nets profit after successful investment exit

Duke Royalty Ltd - Europe and North America-focused alternative capital solutions provider - Announces the successful exit of its investment in royalty partner Instor Solutions Inc, a California-based product reseller and service provider for work related to the build-out and migration of data centres. Receives net cash of USD11.2 million at closing, delivering a total gain of USD2.4 million over Duke's initial investment amount, provided to Instor in March 2023. Notes this represents the sixth and most profitable exit for Duke to date. Proceeds from the exit further strengthens Duke's balance sheet, enabling deployment into its pipeline of new investment opportunities, company says.

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7 Mar 2023 16:37

Duke Royalty inks financing deal with its 20th partner

(Sharecast News) - Duke Royalty announced an $8.75m royalty financing agreement with Instor Solutions on Tuesday, to support a shareholder buyout intended to transition equity control to the current executive management team, led by the CEO.

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3 Mar 2023 11:54

IN BRIEF: Duke Royalty expects quarterly cash revenue to rise

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21 Feb 2023 16:31

Duke Royalty invests further GBP1.8 million into royalty partner InTec

(Alliance News) - Duke Royalty Ltd on Tuesday announced a follow-on investment of GBP1.8 million into its existing royalty partner InTec Business Solutions Ltd to fund its latest acquisition.

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21 Feb 2023 11:56

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