Inspired latest to attract private equity takeover bid Business Energy and sustainability consultancy Inspired has agreed to a £183.6m all-cash takeover from US private equity firm HGGC, marking a sharp turn in the firm’s M&A saga after previously rejecting a rival bid from Regent Acquisitions. HGGC will make the acquisition through a newly formed vehicle, Intrepid Bidco Limited, offering 81p per share – a [...]
Harmony Energy joins wave of investment trust buyouts Investing Another investment trust looks set to be taken over by a private equity group amid a steep discount in share prices for UK trusts across the market. Harmony Energy Income Trust has been offered £190.8m by Foresight Group LLP, a private equity and infrastructure investment house, the trust announced today. The deal looks likely to [...]
VCT fundraising push continues as Baronsmead launches £50m raise Investing Two Baronsmead venture capital trusts (VCTs) have launched a £50m funding drive today as a boom in fundraising for the vehicles continues. The VCTs, which are managed by Gresham House, are targeting a £30m share offer with an over-allotment option of £20m, meaning they are able to issue new shares if there is demand from [...]
Investor row erupts over Loungers private equity bid December 1, 2024 An investor battle has erupted over a private equity bid for Cosy Club and Brightside operator Loungers, with some “furious” over the perceived low offer. On Thursday, the Loungers board backed a £338m takeover offer from Fortress Investment Group, a 30 per cent to its share price. Despite the board accepting the offer, various shareholders [...]
Venture capital trust season kicks off as Mobeus launches £90m share offer September 2, 2024 The start of VCT season has arrived with a bang, as Gresham House-run Mobeus has launched £90m in share offers for two of its venture capital trusts. The two VCTs have total net assets of £343m and a combined portfolio of about 50 companies, ranging from early-stage companies with almost no revenue to later-stage, profitable [...]
Octopus Energy inks landmark agreement with Gresham House Energy Storage Fund June 5, 2024 Gresham House Energy Storage Fund has reached an important agreement with Octopus Energy.
Gresham House launches £301m biodiversity credit fund February 19, 2024 It will invest in 'habitat banks', which are plots of land ranging from 10 to over 500 hectares, where changes to land management are expected to improve biodiversity.