13 Dec 2023 14:34
Gresham House GBP470 million takeover by Searchlight backed by court
(Alliance News) - Gresham House PLC on Wednesday said its takeover by Searchlight Capital Partners LP received court approval.
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Don't have an account? Click here to register.Gresham House Strategic strengthens portfolio in first half
Fri, 25th Nov 2016 12:40
(ShareCast News) - Asset management company Gresham House Strategic reported strong operating and strategic progress within its portfolio in the first half, driving NAV per share up by 8.5%, outperforming the FTSE small-cap (ex Investment Trusts) Index by 2.0%.The group's portfolio valuation including cash and other net assets was £39.9m in the six months ended 30 September 2016 compared to £36m in 2015.The group increased its investment capital in Northbridge Industrial services bumping up its stake to 10.9%. Second investment of growth capital was in Be Heard backing the acquisition of MMT Digital, increasing stake to 10.6%.Realised and unrealised gains on investment of £3.7m, up from £2.9m in 2015. Profit before tax rose to £3.2m from a loss of £0.5m in the previous period.Around 15p per share was available for return to shareholders, according to the company's policy to return half of net profit on realised gains on investment, at the period end.Following the period end ,the company engaged in two more investments.The first was a £1m pre-IPO, convertible loan note investment in a private company, MJ Hudson, the integrated adviser and service provider to the alternative asset management industry and the second was an initial £0.8m commitment to invest in Warpaint London plc, a fast growing global cosmetics brand expected to be admitted to trading on AIM at the end of November 2016.The share price rose 1% to 760p at the close on Friday.
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23 Nov 2023 18:30
IN BRIEF: Gresham House's takeover gets Irish banking approval
Gresham House PLC - investor in utility-scale battery energy storage systems - Receives approval from the Central Bank of Ireland in respect of the change in control of Gresham House Asset Management Ireland Ltd upon the acquisition by Searchlight Capital Partners LP. Means all regulatory conditions surrounding the bid have been satisfied or waived. Acquisition remains subject to the Court's sanction of the scheme at the court hearing, which is expected to take place on December 13. Scheme is expected to become effective on December 19.
Read more23 Nov 2023 11:50
Central Bank of Ireland gives nod to Gresham House takeover
(Sharecast News) - Gresham House and Bidco announced a significant development in their ongoing acquisition process on Thursday, having received approval from the Central Bank of Ireland (CBI) for the proposed change in control related to the acquisition.
Read more14 Nov 2023 12:50
IN BRIEF: Baronsmead venture trusts to raise GBP15 million each
Baronsmead Venture Trust PLC and Baronsmead Second Venture Trust PLC - UK-focused venture capital trusts managed by Gresham House PLC - Plan to raise GBP15 million each in share subscription offer, with an over-allotment facility for a up to a further GBP10 million each. The share offers are expected to be launched at the beginning of December.
Read more30 Oct 2023 09:40
LONDON BROKER RATINGS: Jefferies cuts NatWest to underperform from buy
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:
Read more10 Oct 2023 12:30
IN BRIEF: Gresham House takeover by Searchlight gets UK FCA approval
Gresham House PLC - London-based alternative asset manager - Takeover by US-based private equity and debt investor Searchlight Capital Partners LP gets approval from UK Financial Conduct Authority. Gresham House shareholders voted for the deal at the end of August, so only a few regulatory conditions remain. The acquisition is expected to be completed by early 2024. The deal announced back in July will see Gresham House become a portfolio company alongside other investments of funds advised by Searchlight. The funds are paying 1,105 pence per share, valuing Gresham House at GBP440.6 million on an enterprise value basis.
Read more10 Oct 2023 11:55
Gresham House gets FCA approval for acquisition by Searchlight funds
(Sharecast News) - Gresham House announced a critical regulatory approval for its planned acquisition by an entity consisting of funds directed by Searchlight Capital Partners, dubbed 'Bidco', on Tuesday.
Read more14 Sep 2023 12:23
Gresham House touts long-term ambitions as interim profit surges
(Alliance News) - Gresham House PLC on Thursday reported a higher interim profit, net asset value and more assets under management, as it hailed its long-term plan.
Read more14 Sep 2023 12:20
Gresham House posts slight uptick in assets under management
(Sharecast News) - Alternative asset manager Gresham House reported 5% growth in assets under management in its first half on Thursday, to £8.3bn.
Read more30 Aug 2023 18:46
Gresham House shareholders back GBP470 million takeover by Searchlight
(Alliance News) - Gresham House PLC on Wednesday said that its shareholders approved the planned takeover by US-based private equity and debt investor Searchlight Capital Partners LP.
Read more23 Aug 2023 15:42
UK shareholder meetings calendar - next 7 days
| Thursday 24 August | |
| Ananda Developments PLC | AGM |
| Concurrent Technologies PLC | AGM |
| CyanConnode Holdings PLC | AGM |
| Nuformix PLC | AGM |
| Oryx International Growth Fund Ltd | AGM |
| ThomasLloyd Energy Impact Trust PLC | AGM |
| ThomasLloyd Energy Impact Trust PLC | GM re market purchases of its own ordinary shares |
| Friday 25 August | |
| Honye Financial Services Ltd | AGM |
| Iconic Labs PLC | AGM |
| Ormonde Mining PLC | AGM |
| Ormonde Mining PLC | EGM re AIM delisting and proposed investment in TRU Precious Metals Corp |
| Monday 28 August | |
| no events scheduled | |
| Tuesday 29 August | |
| Axiom European Financial Debt Fund Ltd | EGM re liquidation of the company |
| Livermore Investments Group Ltd | AGM |
| TomCo Energy PLC | AGM |
| Wednesday 30 August | |
| Esken Ltd | AGM |
| Gfinity PLC | GM re share capital reorganisation |
| Global Connectivity PLC | AGM |
| Gresham House PLC | GM re takeover |
| Kinovo PLC | AGM |
| Lindsell Train Investment Trust PLC | AGM |
| Vistry Group PLC | GM re directors' remuneration policy |
| WANdisco PLC | AGM |
| Copyright 2023 Alliance News Ltd. All Rights Reserved. | |
26 Jul 2023 17:02
TRADING UPDATES: Marston's optimistic; Nichols sales get Vimto boost
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Read more17 Jul 2023 17:44
UPDATE: Gresham House backs GBP470 million takeover from Searchlight
(Alliance News) - Gresham House Energy Storage Fund PLC on Monday noted that Gresham House PLC has agreed to be taken over by Searchlight Capital Partners LP.
Read more17 Jul 2023 12:02
LONDON MARKET MIDDAY: Uninspiring China data hurts miners and luxury
(Alliance News) - China's economy expanded at an unimpressive pace, bringing growth fears for the world's second-largest economy to the fore again and ensuring equities kicked off the new week on the back foot.
Read more17 Jul 2023 11:01
Gresham House to be taken over by Searchlight Capital in £470m deal
(Sharecast News) - Asset manager Gresham House has agreed to be taken over by US investment firm Searchlight Capital in a £470m deal.
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