Private Equity Funds – Ameritas UK News http://www.ameritas.co.uk/ Sun, 23 Jan 2022 18:49:51 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://www.ameritas.co.uk/wp-content/uploads/2021/03/cropped-default1-32x32.png Private Equity Funds – Ameritas UK News http://www.ameritas.co.uk/ 32 32 2 stocks to buy with dividends yielding more than 3% https://www.ameritas.co.uk/2-stocks-to-buy-with-dividends-yielding-more-than-3/ Sun, 23 Jan 2022 15:15:00 +0000 https://www.ameritas.co.uk/2-stocks-to-buy-with-dividends-yielding-more-than-3/ Dividend stocks can be great investments. Companies that pay dividends have historically outperformed S&P500, as these payments are added to the stock’s total return. Although a higher dividend yield helped, the best returns came from companies that consistently increased their dividends. Some companies offer the best of both worlds. They pay a high dividend yield […]]]>

Dividend stocks can be great investments. Companies that pay dividends have historically outperformed S&P500, as these payments are added to the stock’s total return. Although a higher dividend yield helped, the best returns came from companies that consistently increased their dividends.

Some companies offer the best of both worlds. They pay a high dividend yield and offer attractive growth. Of them dividend stocks who expect to provide a fast-growing, high-return stream of income are International Crown Castle (NYSE: CCI) and NextEra Energy Partners (NYSE:NEP). Both are currently producing over 3%, more than double the average stock in the S&P500.

Image source: Getty Images

Connected to a decade-long growth cycle

Crown Castle is a real estate investment trust (REITs) focused on communications infrastructure such as cell towers, small cells, and fiber optic cables. the Infrastructure REITs leases these assets to mobile operators under long-term contracts, generating stable cash flows. This gives it the funds to cover its 3.2% dividend.

The company sees many opportunities to continue investing in building and acquiring communications infrastructure. The main driver is the industry’s faster deployment of 5G networks. Cellular carriers need more infrastructure to support this network, leading them to lease additional cell towers and small cells.

For example, T-Mobile (NASDAQ:TMUS) recently signed a new 12-year agreement with Crown Castle to support the continued build-out of its 5G network. T-Mobile’s deal will help grow revenue from Crown Castle’s tower and small cells as the company leases additional capacity.

Overall, Crown Castle foresees a multi-decade investment cycle as customers develop next-generation wireless networks like 5G. This confirms the REIT’s view that it can increase its dividend at an annual rate of 7% to 8% over the next few years. It might even be conservative. It has increased its payout above the high end of this rate over the past two years due to better-than-expected demand for communications infrastructure.

Combined with its high-yielding dividend, this strong rate of growth allows Crown Castle to potentially produce double-digit total annual returns in the years to come.

Strong future dividend growth

NextEra Energy Partners is a clean energy infrastructure company that operates renewable energy-production facilities and natural gas pipelines. These assets generate stable cash flows guaranteed by long-term fixed rate contracts. This helps support NextEra Energy Partners’ dividend, which yields 3.6%.

The company expects strong growth for this dividend. It currently plans to increase this payment by an annual rate of 12-15% until at least 2024. It has several growth drivers, including acquiring clean energy infrastructure from third parties, investing in organic expansion projects and buying assets developed by its parent company, utility NextEra Energy (NYSE:NEE).

NextEra Energy Partners’ relationship with NextEra alone could enable it to achieve its dividend growth objective. The utility has one of the largest renewable energy portfolios in the world and an equally large pipeline of development opportunities, so there is no shortage of assets it can entrust to the partnership. These agreements would help fund additional development opportunities.

The two companies unveiled their latest transaction at the end of October. NextEra Energy Partners is buying a 50% stake in a large-scale portfolio of renewable energy assets, including integrated storage batteries. She funded the deal with the help of a private equity fund, which provided her with convertible equity portfolio financing. This low-cost financing structure allows NextEra Energy Partners to choose when it issues shares, improving its ability to increase the dividend.

Combine the company’s double-digit dividend growth with its high yield, and NextEra Energy Partners could deliver mid- to upper-teens total returns over the next few years.

Excellent long-term dividend stocks

Dividend yields of over 3% from Crown Castle and NextEra Energy Partners are only part of their appeal. Both companies plan to increase their attractive payouts at above-average rates over the next few years. This means that they could produce total returns above the market in the years to come. This rising income makes them look like great dividend-paying stocks to buy these days.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a high-end advice service Motley Fool. We are heterogeneous! Challenging an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and wealthier.

]]>
Avendus raises ₹432 cr to mark first close of second structured credit fund https://www.ameritas.co.uk/avendus-raises-%e2%82%b9432-cr-to-mark-first-close-of-second-structured-credit-fund/ Wed, 19 Jan 2022 10:27:50 +0000 https://www.ameritas.co.uk/avendus-raises-%e2%82%b9432-cr-to-mark-first-close-of-second-structured-credit-fund/ Avendus PE Investment Advisors, an asset management arm of the Avendus Group, marked the first closing of its second structured credit fund Avendus Structured Credit Fund II (ASCF II) by raising ₹432 crore (about $57.85 million), the local financial services company said. He secured the funds mainly from family offices, high net worth individuals (HNI), […]]]>

Avendus PE Investment Advisors, an asset management arm of the Avendus Group, marked the first closing of its second structured credit fund Avendus Structured Credit Fund II (ASCF II) by raising 432 crore (about $57.85 million), the local financial services company said.

He secured the funds mainly from family offices, high net worth individuals (HNI), two private insurance companies and two private sector banks. “Around 40% of investors in the first fund also participated in the second fund,” said Nilesh Dhedhi, fund manager, Avendus Structured Credit Fund.

In October last year, the KKR-backed major global investment firm launched ASCF-II, a Tier 2 Alternative Investment Fund (AIF), targeting a total corpus of 1,000 crore (about $133 million), including the greenshoe option of 500 crore.

The greenshoe option (also known as the over-allotment option) will be used and Avendus will mark the final close of the fund over the next three months, Dhedhi said, adding that they have already identified about three transactions, one each. in computer services. , B2B and specialized manufacturing space.

ASCF – II plans to invest in secured transactions of operating companies as well as holding companies alongside Avendus Finance, the non-banking financial company (NBFC) of Avendus.

The sector independent fund will target a total of around 10-12 deals with a ticket size of around 150-200 crore (vs earlier of around 100 crore) to be invested over the next 1-2 years with an investment term of 3-5 years.

“ASCF II will deploy capital in a differentiated credit strategy focused on providing structured credit solutions to high-quality, growth-oriented companies with differentiated business models, supported by marquee sponsors….With ASCF II, the Avendus structured credit platform will now target agreements size of 150-250 crores. The fund evaluates several transactions in sectors such as IT services, B2B services, specialized manufacturing, healthcare, etc. “, said the company.

The first ASCF-I structured credit fund is at the end of its life. Launched in October 2017, it has been fully deployed across nine deals, and 8 out of 9 deals have been fully closed to date. It has returned over 115% of capital in cash and is currently tracking a gross IRR (internal rate of return) at the portfolio level of approximately 17.88%.

“With our first fund (ASCF I), he added, we have experienced the full life cycle and delivery of the fund over the past four years, and now with ASCF II we expect to do more transactions. by continuing to focus on the solutions-based approach. We are grateful to all of our investors, including existing investors who participated in our second fund, who renewed their confidence in our investment strategy and our background,” Dhedhi said.

According to him, the private credit market in India has seen a huge rise over the past 6-9 months. “It is also an indication of the appeal of structured credit as a distinct investment category among investors,” Dhedhi added.

Created in 1999, Avendus Group is present in ten cities in India, the United States, the United Kingdom and Singapore.

The Mumbai-based company is a diversified group that provides financial services in the areas of investment banking, wealth management, credit solutions and asset management. It manages $6.25 billion in assets under management (AUM) across its wealth management ($5.5 billion AUM), asset management and credit solutions (excluding loan portfolio).

Over the past five years, she has completed more than 50 transactions with a total investment of more than 3,000 crore in structured credit space through NBFC and AIF first fund. KKR & Co acquired a majority stake in Avendus in 2015, a move that was seen as helping the national firm expand its wealth management and private equity services, in addition to entering the NBFC space. .

To subscribe to Mint Bulletins

* Enter a valid email address

* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint. Download our app now!!

]]>
Lawsuit claims two consultants were denied their share of Susquehanna’s investment in TikTok owner ByteDance https://www.ameritas.co.uk/lawsuit-claims-two-consultants-were-denied-their-share-of-susquehannas-investment-in-tiktok-owner-bytedance/ Mon, 17 Jan 2022 10:05:43 +0000 https://www.ameritas.co.uk/lawsuit-claims-two-consultants-were-denied-their-share-of-susquehannas-investment-in-tiktok-owner-bytedance/ Susquehanna International Group, Bala Cynwyd’s trading and investment firm, was an early backer of Beijing-based TikTok parent company ByteDance, which has become one of the tech start-ups most valuable in the world. Susquehanna co-founder Jeff Yass was named the richest person in Pennsylvania by Forbes last year, a ranking that highlighted his company’s success on […]]]>

Susquehanna International Group, Bala Cynwyd’s trading and investment firm, was an early backer of Beijing-based TikTok parent company ByteDance, which has become one of the tech start-ups most valuable in the world.

Susquehanna co-founder Jeff Yass was named the richest person in Pennsylvania by Forbes last year, a ranking that highlighted his company’s success on Wall Street and his investment in private companies such as the owner of TikTok.

Now two entrepreneurs who say they advised Susquehanna on early investments in China say the company cut them off from their share of ByteDance’s huge success. In a lawsuit quietly filed in Montgomery County in November, the former consultants allege they helped secure a stake in search engine technology that would later power the video-sharing app TikTok and other sites , and that Susquehanna hid the connection from them for years. .

Susquehanna is a high-speed trading company that has cultivated a portfolio of private equity and venture capital investments, including about $3.5 billion it has invested in more than 300 companies in Asia, according to its website. The lawsuit offers a rare public look at the origins of private enterprise in China.

ByteDance’s stake in the company, according to the lawsuit, is said to be worth $60 billion. This figure is in line with Susquehanna’s 15% stake as reported by The Wall Street Journal in 2020, and ByteDance’s total valuation of over $400 billion, reported by Bloomberg News last fall. Last year, ByteDance suspended plans to become an overseas listed company as the social media giant and other tech companies came under closer scrutiny from authorities. China’s data security policies, the Journal reported.

Yass himself has a net worth of $12 billion, according to Forbes. He ranked 58th on the publication’s list of the 400 richest Americans and as the richest in Pennsylvania. Yass is also one of the nation’s largest political donors, giving about $30 million to conservative groups in the 2020 election cycle, according to campaign finance tracker OpenSecrets.

Asked about the lawsuit’s allegations, Susquehanna told The Inquirer that she does not comment on ongoing litigation.

A plaintiffs attorney did not immediately provide comment. The plaintiffs are represented by the law firm Lansdale Walsh Pancio and attorneys from the New York office of the law firm Susman Godfrey.

“This case involves two young professionals who agreed to take significant financial and professional risks to start one of the first US-backed private equity firms in China,” according to the complaint filed in the Court of Common Pleas. of Montgomery County. “The company has had tremendous success, including securing a significant stake in one of the most valuable ‘unicorns’ in history, ByteDance, the owner of TikTok. Yet the plaintiffs were lied to and denied the share of profits to which they were contractually entitled.

The complaint does not specify a dollar amount.

The lawsuit is brought by TGC Partners Limited, led by Peter Tan, and Blue Mountain Capital Co. Limited, led by Zhang Hao. They sued in Montgomery County because it is one of the few courts permitted by their consulting agreements with Susquehanna, according to the suit.

In their account, Tan and Zhang began advising Susquehanna on Chinese companies in the early 2000s, when there was “very little” US investment in the country. Zhang, who set up a company to find deals “exclusively” for Susquehanna, according to the lawsuit, and Tan, who was a lawyer at a major law firm in Hong Kong, both worked on Susquehanna’s first private equity investment in China – a hotel chain that later went public.

“Tan literally opened the first makeshift GIS [Susquehanna International Group] Asia office outside its living room in Hong Kong in 2005,” according to the suit. He moved to Shanghai to “help open SIG Asia’s first official office” about six months later, the complaint states, and over the next two years, “Tan, Zhang and their colleagues would find, structure and close dozens investments for Susquehanna in China.”

The lawsuit claims that Tan and Zhang, through their respective companies, agreed to take a share of the profits in certain investments instead of an upfront payment: 0.83% for Tan’s business and 1% for that of Zhang.

If Susquehanna liquidated an investment but kept shares or anything else “of value”, the plaintiffs allege, they were entitled to retain their interest in the asset until it was converted into cash.

The fate of one of those investments – in a search engine company called Kuxun – is at the heart of the lawsuit.

Tan and Zhang say they helped identify and close SIG’s investment in Kuxun in 2006. They say they each stopped working with Susquehanna in late 2007 or 2008, and once the search engine sold to Expedia, in 2009, Susquehanna told consultants “Kuxun had been ‘completely liquidated’ with modest profits.

This was untrue, according to the prosecution.

On the contrary, the consultants claim that they “recently learned that prior to the sale of Kuxun, Susquehanna secretly took its cutting-edge technology and used it to start two successive Susquehanna investments” – first the website focused on 99fang real estate, then ByteDance, which launched in 2012.

Three of ByteDance’s most popular apps, according to the suit, run on a core platform that “contains the powerful search technology that began in Kuxun.”

The lawsuit points to information allegedly from a company insider, who is not identified in the complaint: “According to a knowledgeable employee of SIG China One, Kuxun’s search engine was designed to become the first engine from 99fang and ByteDance.”

Tan and Zhang were unaware of the alleged connection between Kuxun and ByteDance until last year, according to the lawsuit. Their agreement with Susquehanna prohibited them from reviewing the company’s books, according to the lawsuit.

Over the years, they claim, they have received financial statements from Susquehanna listing Kuxun as a “fully liquidated” investment, “unlike other investments, which have been described as ‘not fully liquidated’ and ‘partially liquidated’. “.

The lawsuit claims that in 2018, “as ByteDance’s valuation soared exponentially,” Susquehanna approached Zhang with an offer to buy his share of the remaining investments. Zhang agreed, according to the suit, for a payment of $390,218.59.

A response in Susquehanna’s case is due in court Feb. 10.

]]>
Analysis of the success of private equity marketing https://www.ameritas.co.uk/analysis-of-the-success-of-private-equity-marketing/ Sat, 15 Jan 2022 10:00:00 +0000 https://www.ameritas.co.uk/analysis-of-the-success-of-private-equity-marketing/ As the competition for investors and deals has become fiercer, it is crucial for private equity firms to have a strong digital marketing strategy when it comes to finding acquisition targets, raising capital for new funds or to accelerate the growth of their portfolio companies. Whether you have years of experience using digital marketing to […]]]>

As the competition for investors and deals has become fiercer, it is crucial for private equity firms to have a strong digital marketing strategy when it comes to finding acquisition targets, raising capital for new funds or to accelerate the growth of their portfolio companies. Whether you have years of experience using digital marketing to tell your story or are simply interested in the process, here are the top analytics you should use to gauge how well your marketing initiatives are achieving your goals.

Email Marketing Campaign Success

In the digital space, email marketing is one of the most profitable tactics. Once you’ve built an email subscriber list, you can keep your private equity firm and investment criteria in mind with investors, business owners, and referral sources by regularly distributing information about your funds, platform investments, add-ons and partners.

While developing engaging content is an integral part of your email marketing program, perhaps tracking what happens after you click send is just as important. Tracking open rates and unsubscribe requests will help you understand if your content is hitting the target – in terms of engagement and interest – and reaching the right audience. Another key metric of interest is the click-through rate of the email. Your email should provide just enough content to engage your readers and entice them to click on links to learn more. Linking to additional content will drive traffic back to your site, giving you additional opportunities to engage with your target audiences.

Social Media Metrics

An effective social media strategy offers a variety of benefits – from creating greater brand awareness and increasing your business visibility to increasing website traffic. Once you’ve finalized your strategy and posted on the appropriate social media channels, it’s time to see how well your posts have engaged your targets.

You can track this performance through a few metrics, including the number of likes, comments, and new subscribers gained after each new post. However, the best measure of success is when your followers share your content with their own social media circle. This expands reach to hundreds or even thousands of additional viewers with a single click, resulting in an exponential increase in audience on your experience and expertise, opening up your private equity firm to a host of new investors and transaction opportunities.

Conversion of digital ad campaigns

A highly measurable and dynamic tool for any business, digital advertising can be used to build brand awareness, generate high-quality leads, and drive product sales even on a limited budget. There are five main types of digital ads that can be useful for your private equity firm, including search (text ads in search results), display (image ads on websites), sponsored posts on social networks, videos and retargeting ads. With retargeting, a tracking code (called a cookie) is placed on the computers of visitors to your website. Once they leave your website, the code will allow you to retarget them with your company’s advertisements as they continue to browse other sites on the Internet.

]]>
41% growth in NAV in 2021. https://www.ameritas.co.uk/41-growth-in-nav-in-2021/ Thu, 13 Jan 2022 07:00:00 +0000 https://www.ameritas.co.uk/41-growth-in-nav-in-2021/ THE INFORMATION CONTAINED HEREIN SHALL NOT BE DISTRIBUTED, PUBLISHED OR DISTRIBUTED IN AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES OR ANY NATIONAL OF THESE JURISDICTIONS Net asset value growth of 41% in 2021. Board declares semi-annual dividend of $0.47 per share, an increase of 14.6% January 13, 2022 NB Private Equity (NBPE), the $1.5 […]]]>

THE INFORMATION CONTAINED HEREIN SHALL NOT BE DISTRIBUTED, PUBLISHED OR DISTRIBUTED IN AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES OR ANY NATIONAL OF THESE JURISDICTIONS

Net asset value growth of 41% in 2021. Board declares semi-annual dividend of $0.47 per share, an increase of 14.6%

January 13, 2022

NB Private Equity (NBPE), the $1.5 billion listed private equity investment firm managed by Neuberger Berman, today releases its monthly estimate of net asset value as of December 31, 2021.

Strong points (at 31 December 2021)

  • Net asset value per share of $30.76 (£22.71)
  • Total NAV return of 40.7% in 2021
  • A decrease of 1.9% over the month; performance driven by changes in the valuations of listed companies in the portfolio
  • $76 million in cash proceeds received during the month; total of $389 million in cash received from achievements in 2021
  • Two new investments in December with a total invested or committed of $176 million for ten new investments in 2021
  • Solid liquidity – $416 million of available cash and undrawn credit lines
  • Declaration of a semi-annual dividend of $0.47 per share, a 14.6% increase over the August 2021 dividend, driven by continued strong net asset value growth
  • The Board of Directors announces its intention to redeem the 2022 ZDPs maturing in September 2022
AT 31 December 2021* YTD 3 years 5 years 10 years
NAV TR (USD) 40.7% 88.4% 125.1% 272.4%
MSCI World TR (USD) 22.3% 83.0% 106.8% 249.0%
TR stock price (GBP) 65.0% 109.3% 130.8% 500.1%
FTSE All-Share TR (GBP) 18.3% 27.2% 30.2% 110.7%

*Reflects cumulative returns over the periods indicated and is not annualized.

Activity Report (at 31 December 2021)

NBPE continued to build on its strong performance, with NAV rising to $1.5 billion during the year ($30.76 per share) one 40.7% total return in 2021

  • Performance in December 2021 driven by the evolution of the valuations of listed companies, which represent 19% of the fair value of the portfolio
  • 74% of the portfolio is valued based on private company valuation information as of September 30, 2021
  • The Manager expects to receive updated private company valuations as of December 31, 2021 in the coming weeks and will incorporate new information in future monthly NAV updates as received.

Achievements of the portfolio at a record level for the year with continuous momentum; 14 full and partial achievements in 2021 to an aggregate 83% increase in book value as of December 31, 2020 and a 3.3x multiple of cost

  • $401 million in total achievements announced in 2021
  • $76 million in cash proceeds received in December 2021
    • $57 million received from previously announced full or partial exits from Telxius, Finalsite, CSS and an undisclosed company
    • $10 million received from additional partial sales of public shares
    • $9 million of other partial achievements in the portfolio
  • $389 million in revenue received in 2021; 31% of the opening value of the portfolio
    • An additional $12 million expected in the coming months attributable to a previously announced partial exit in 2021
  • The estimate of the net asset value as of December 31, 2021 incorporates the majority of the increase in valuation associated with these announced achievements

Continued focus to invest in companies expected at benefit from long-term growth trends

  • $176 million invested or committed in ten companies in 2021, and a continued strong pipeline of new investments
  • Two new investments closed in December 2021:
    • $18 million investment in Addison Group, a professional services provider specializing in recruitment and consulting services
    • $15 million investment in Monroe Engineering, a distributor of standard and custom critical products

Robust liquidity

  • $416 million in available liquidity ($116 million cash, $300 million unused line of credit)
    • Adjusted unfunded commitments of $71 million and coverage of adjusted commitments of 583%

Strong growth in NAV 14.6% increase in dividend

  • Semi-annual dividend of $0.47 per share1, a 14.6% increase over the August 2021 dividend
  • The increase brings the annualized dividend yield on net asset value to 3.1%, in line with the Company’s declared dividend policy; annualized share price return is 3.6% based on closing share price of 1,885p on 11 January 2022
Distribution amount: $0.47 per share
Ex-dividend date: January 20, 2022
Dividend record date: January 21, 2022
Last day for currency election: January 28, 2022
Last day for the election of the dividend reinvestment plan: February 04, 2022
Payment date: February 28, 2022

advice the intention of repay 2022 ZDPs at maturity

  • The Board intends that NBPE will repay the 2022 ZDPs in full on their due date, September 30, 2022; at the current GBP/USD exchange rate of $1.37, the final capital entitlement is approximately $87 million
  • The Company has significant cash available to fully repay the 2022 ZDPs
  • The credit facility and the remaining 2024 ZDPs give the Company the continued ability to maintain an investment level above 100%
  • The repayment of the 2022 ZDPs simplifies the company’s capital structure with no further short-term maturities – the remaining class of ZDP shares matures in October 2024 and the $300 million credit facility has borrowing availability up to in December 2029

Portfolio valuation

The value of NBPE’s portfolio as of December 31, 2021 is based on the following information:

  • 24% of the fair value of the portfolio is valued as of December 31, 2021
    • 19% in public securities
    • 5% in direct private investments
  • 2% of the fair value of the portfolio has been valued as of October 31, 2021
    • 2% in direct private investments
  • 74% of the fair value of the portfolio is valued as of September 30, 2021
    • 73% in direct private investments
    • 1% in fund investments

For more information, please contact:

NBPE Investor Relations +1 214 647 9593

Kaso Legg Communications +44 (0)20 3995 6673

Charles Gorman nbpe@kl-communications.com
Will Sanderson

On NB Private Equity Partners Limited
NBPE invests in direct private equity investments alongside leading global private equity firms. NB Alternatives Advisers LLC (the “Investment Manager”), an indirect wholly-owned subsidiary of Neuberger Berman Group LLC, is responsible for the sourcing, execution and management of NBPE. The vast majority of direct investments are made with no management fees / no deferred interest payable to third-party GPs, providing better fee efficiency than other listed private equity firms. NBPE seeks capital appreciation through growth in net asset value over time while paying a semi-annual dividend.

LEI number: 213800UJH93NH8IOFQ77

About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies, including equities, fixed income, quantitative and multi-asset classes, private equity, real estate and hedge funds, on behalf of institutions, advisors and individual investors in the whole world. With offices in 25 countries, Neuberger Berman’s diverse team includes more than 2,400 professionals. For seven consecutive years, the company has been named first or second in the Pensions & Investments Best Places to Work in Money Management survey (among those with 1,000 or more employees). In 2020, the PRI named Neuberger Berman a Leader, a designation awarded to less than 1% of investment companies for excellence in environmental, social and governance (ESG) practices. The PRI also gave Neuberger Berman an A+ in each qualifying category for our approach to ESG integration across all asset classes. The company manages $437 billion in client assets as of September 30, 2021. For more information, please visit our website at www.nb.com.

This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities.

NBPE is established as a Guernsey-domiciled closed-end investment company. NBPE has received the necessary consent from the Guernsey Financial Services Commission. The value of investments may fluctuate. Past results are not indicative of future results. This document is not intended to constitute legal, tax or accounting advice or investment recommendations. Prospective investors are advised to consult expert legal, financial, tax and other professional advice before making any investment decision. Statements contained herein that are not historical facts are based on the current expectations, estimates, projections, opinions and beliefs of the NBPE Investment Manager. Such statements involve known and unknown risks, uncertainties and other factors, and should not be unduly relied upon. In addition, this document contains “forward-looking statements”. Actual events or results or the actual performance of NBPE may differ materially from those reflected or contemplated in such objectives or forward-looking statements.


1 While the Company declares dividends in US dollars, shareholders will receive dividends in pounds sterling at the rate prevailing at the time of currency conversion, unless an election to receive dividends in US dollars is made on forms available on the NBPE website prior to the currency election date. listed below. If an investor has previously elected to receive US dollars, that election will be used unless changed. Investors can also participate in a Dividend Reinvestment Plan (forms of which are available on the NBPE website) if they wish to increase their holdings instead of receiving cash dividends.

  • NBPE December 2021 Factsheet vF

]]>
Private equity firms that own 70% as well as institutions invested in BOC Aviation Limited (HKG: 2588) saw their holdings increase in value last week https://www.ameritas.co.uk/private-equity-firms-that-own-70-as-well-as-institutions-invested-in-boc-aviation-limited-hkg-2588-saw-their-holdings-increase-in-value-last-week/ Mon, 10 Jan 2022 23:22:34 +0000 https://www.ameritas.co.uk/private-equity-firms-that-own-70-as-well-as-institutions-invested-in-boc-aviation-limited-hkg-2588-saw-their-holdings-increase-in-value-last-week/ To get a sense of who actually controls BOC Aviation Limited (HKG: 2588), it is important to understand the ownership structure of the company. The group with the most shares in the company, around 70% to be precise, are private equity firms. In other words, the group faces the maximum upside potential (or downside risk). […]]]>

To get a sense of who actually controls BOC Aviation Limited (HKG: 2588), it is important to understand the ownership structure of the company. The group with the most shares in the company, around 70% to be precise, are private equity firms. In other words, the group faces the maximum upside potential (or downside risk).

Private equity firms gained the most after market capitalization hit HK $ 46 billion last week, while institutions that hold 20% also benefited.

In the graphic below, we zoom in on the different ownership groups of BOC Aviation.

Discover our latest analysis for BOC Aviation

SEHK: 2,588 Distribution of ownership on January 10, 2022

What does institutional ownership tell us about BOC Aviation?

Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it’s included in a major index. . We would expect most businesses to have some institutions listed, especially if they are growing.

BOC Aviation already has institutions registered in the share register. Indeed, they hold a respectable stake in the company. This suggests some credibility among professional investors. But we cannot rely on this fact alone because institutions sometimes make bad investments, like everyone else. When several institutions hold a stock, there is always a risk that they are in a “crowded trade”. When such a transaction goes awry, several parties may compete with each other to sell shares quickly. This risk is higher in a company without a history of growth. You can see BOC Aviation’s historical revenue and revenue below, but keep in mind that there is always more to tell.

profit and revenue growth
SEHK: 2588 Revenue and Revenue Growth January 10, 2022

We note that the hedge funds do not have a significant investment in BOC Aviation. Bank of China Group Investment Limited is currently the largest shareholder of the company with 70% of the shares outstanding. Essentially, this means that they have considerable influence, if not absolute control, over the future of the business. The second and third shareholders are Fidelity International Ltd and Capital Research and Management Company, with an equal number of shares in their name at 5.0%.

While it makes sense to study a company’s institutional ownership data, it also makes sense to study analysts’ sentiments to know which way the wind is blowing. There are a lot of analysts covering the stock, so you can look at expected growth quite easily.

Insider ownership of BOC Aviation

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The management ultimately reports to the board of directors. However, it is not uncommon for managers to be board members, especially if they are founders or CEOs.

Most view insider ownership as a positive, as it can indicate that the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

Our most recent data indicates that insiders own less than 1% of BOC Aviation Limited. Keep in mind that this is a large company and insiders own shares worth HK $ 24million. The absolute value can be more important than the proportional part. It’s good to see board members owning stocks, but it might be worth checking out if those insiders have bought.

General public property

With a 10% stake, the general public, made up mainly of individual investors, has some influence over BOC Aviation. While this property size may not be enough to influence a policy decision in their favor, they can still have a collective impact on company policies.

Private shareholders

With a 70% stake, private equity firms could influence the board of directors of BOC Aviation. Some might like this, as sometimes private capital is activists holding management to account. But other times, the private equity sells, after you have taken the company to the stock market.

Next steps:

I find it very interesting to see who exactly owns a company. But to really understand better, we have to take other information into account as well. Consider, for example, the ever-present specter of investment risk. We have identified 4 warning signs with BOC Aviation (at least 1 which is significant), and understanding them should be part of your investment process.

If you’d rather find out what analysts are predicting in terms of future growth, don’t miss this free analyst forecast report.

NB: The figures in this article are calculated from data for the last twelve months, which refer to the 12-month period ending on the last date of the month of date of the financial statement. This may not be consistent with the figures in the annual report for the entire year.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.

]]>
The return of large transactions will increase the absorption of real estate space by 15 to 20%: CEO of Colliers https://www.ameritas.co.uk/the-return-of-large-transactions-will-increase-the-absorption-of-real-estate-space-by-15-to-20-ceo-of-colliers/ Sat, 08 Jan 2022 16:53:56 +0000 https://www.ameritas.co.uk/the-return-of-large-transactions-will-increase-the-absorption-of-real-estate-space-by-15-to-20-ceo-of-colliers/ Global investors looking for stable returns and stable returns should have high exposure to new-age real estate assets from India such as data centers, cold stores, coliving and other emerging portfolios in India. 2022, said Ramesh Naïr, CEO, India and Managing Director, Market Development, Asia, Colliers, in an interview. Extracts: What are the factors that […]]]>

Global investors looking for stable returns and stable returns should have high exposure to new-age real estate assets from India such as data centers, cold stores, coliving and other emerging portfolios in India. 2022, said Ramesh Naïr, CEO, India and Managing Director, Market Development, Asia, Colliers, in an interview. Extracts:

What are the factors that would bring the recovery of the Indian real estate sector in 2022?

The year 2022 should see real estate growth, after having faced the shocks caused by the pandemic in 2020. Economic activity is in full swing, with GDP growth set at 9.5% for 2021-2022. The rapid pace of vaccinations encourages occupants to bring employees back to the offices. Driven by the growth of e-commerce and the need for same-day delivery, the warehousing sector is expected to experience increased growth in the coming quarters.

Technology will continue to be the predominant theme in the real estate industry. On the residential front, sales momentum is expected to continue in 2022. Low mortgage rates, stamp duty concessions and realistic prices will give confidence to homebuyers and fence guards. Big deals are back in the industry and this trend will increase absorption by 15-20% in 2022 compared to last year.

What is the cumulative business loss of the Indian real estate industry due to COVID-19?

The construction and real estate sectors have come to a screeching halt following the nationwide lockdown and a series of restrictions announced over the past two years to contain the spread of the virus. Reverse labor migration has added to the developer woes. Negligible buy and sell transactions were reported. The sluggish business environment exposed developers to a serious fund crisis. The loss of production in the sector can be measured by the fact that the gross value added (GVA) of construction contracted by 8.6% in 2020-21. At the same time, financial and professional services, which includes real estate, fell 1.5% in 2020-21 from 7.3% in the previous year (before COVID).

Can you give us an idea of ​​the expected foreign fund flows in Indian real estate by 2025?

Investment flows from foreign private equity investors have visibly increased over the past two years and are expected to increase over the next 3-4 years.

Over the next three years, we expect more foreign investors to enter the Indian market. We anticipate that more capital will be deployed in mixed-use, office and warehouse assets, as more investment platforms are formed between global private equity funds and local developers.

In addition, over the years, global private equity (PE) players, sovereign wealth funds and pension funds have gradually increased their footprint across all asset classes, owing to reforms and easing of FDI and of the real estate sector. With the increase in digital adoption and e-commerce during the pandemic, warehouses and data centers have attracted a lot of investor interest in recent times. Additionally, the success of listed REITs has opened up a new avenue for investment. As a result, institutional investments have shown resilience despite the pandemic and this momentum is also expected to continue in 2022.

How are real estate agents coping with post-COVID changes in customer behavior?

It is true that the pandemic has triggered massive reverse migration in the country. This only exacerbated the distress of developers who were already struggling with business challenges. However, the market began to improve with the unblocking of the economy and the resulting improvement in the business environment. Developers have now recalibrated their products and pricing strategies to align with the changing preferences of home buyers. They’ve taken a more flexible and accommodating approach to serious buyers. They have been timely in handing out lucrative offers, discounts and freebies during the holiday season, thus registering higher sales.

Do buyers want an increased level of comfort in their home as they stay and work from home?

The pandemic has boosted homeownership, and the desire to own a home may be stronger than ever. The combined impact of historically lower interest rates (6-7% from highs of 11-12% a decade ago), realistic prices and compelling developer offers has created an affordable symphony in the market. . With the hybrid model of work and education, there is a greater demand for larger apartments, gated communities teeming with amenities and wellness features. Buyers are now focusing on arrangements to ensure the presence of balconies and an additional room for work and children’s lessons.

Can you give us a realistic view of office occupancy?

After suffering a slowdown due to the second wave, office rental increased 89% in Q3 2021, with 10.3 million m² of gross absorption, the highest volume recorded since Q1 2020.

We expect optimism to strengthen further over the next few quarters in 2022. Large deals are back in the market and occupier confidence is returning. However, some uncertainty hangs over the new Omicron variant. Developers and occupants are expected to remain cautious in their decisions in the first quarter of 2022.


Source link

]]>
Hinduja Global Solutions completes the sale of its healthcare unit to Baring Private Equity https://www.ameritas.co.uk/hinduja-global-solutions-completes-the-sale-of-its-healthcare-unit-to-baring-private-equity/ Thu, 06 Jan 2022 16:10:02 +0000 https://www.ameritas.co.uk/hinduja-global-solutions-completes-the-sale-of-its-healthcare-unit-to-baring-private-equity/ : The Hinduja group’s business process management entity, Hinduja Global Solutions Limited, announced on Thursday that it has completed the sale of its healthcare services business to wholly owned subsidiaries of Betaine BV (“Buyer”), affiliated funds at Baring Private Equity Asia (BPEA), one of the largest private alternative investment firms in Asia. The transaction was […]]]>

: The Hinduja group’s business process management entity, Hinduja Global Solutions Limited, announced on Thursday that it has completed the sale of its healthcare services business to wholly owned subsidiaries of Betaine BV (“Buyer”), affiliated funds at Baring Private Equity Asia (BPEA), one of the largest private alternative investment firms in Asia. The transaction was based on an enterprise value of $ 1,200 million, subject to closing adjustments, and resulted in an inflow of $ 1,088 million.

The deal was originally announced in August 2021 and has now been finalized. As part of the sale, HGS transferred all customer contracts and assets, including infrastructure related to the health services business, to the Purchaser. More than 29,000 HGS employees in four geographies – the United States, India, Jamaica and the Philippines – will join the new organization effective January 6, 2022.

As part of the Transition Services Agreement, the new healthcare organization will operate under the name “HGS Healthcare” for 12 months from closing.

The strategic move

Explaining the strategic thinking behind the deal, YM Kale, President of Hinduja Global Solutions, said, “This divestiture helps HGS unleash value and makes capital available to grow the business of all other verticals and divisions. Now is the right time to refresh HGS’s value proposition and evolve as a full digital and CX service partner for customers.

President Kale added, “Completing the transaction unleashes significant shareholder value and is recognition of the innovative work HGS has done over the past two decades to develop its domain capabilities. The Board approved an interim / special dividend of 150 / share and a free allocation of 1 share for each share held, subject to the necessary approvals. ”

Also Read: CCI Approves Acquisition of Global Healthcare BPO Services from Hinduja Global Solutions by Betaine BV

Partha DeSarkar, CEO of HGS Global, said: “HGS will now move towards building its practice of transforming the digital customer experience, focusing on the triple A’s of automation, analytics and artificial intelligence, to create industry-specific solutions for the world’s largest brands that HGS offers. The acquisition of the talents required for the above sectors is being planned. Over the past two years, HGS has significantly expanded its presence in the UK.

New brand identity

HGS recently unveiled a new brand identity aligned with its vision to be a digitally-led Customer Experience Transformation (CX) organization. This new brand identity represents HGS’s focus on continuously creating better customer experiences, stronger employee engagement and more rewarding results for investors.

HGS will use the funds generated by the divestment to strategically invest in strengthening its technological capabilities for the future growth of the organization. HGS worked with its board of directors to chart this new course of technological leadership. HGS is also exploring several acquisition candidates for the inorganic growth of its business. ”

Interim dividend

The HGS Board of Directors, at its Thursday meeting, also declared a third interim dividend of 150 / share in the form of a special dividend, and recommended the issuance of new free participating shares in the proportion of 1 participation share of 10 each. for each participating share of 10 each, subject to shareholder approval and other statutory and regulatory approvals, as applicable.

After the transaction closes, HGS will have approximately 18,800 employees and 34 delivery centers in the United States, Canada, United Kingdom, Jamaica, Philippines and India. The company’s revenue rate for the fourth quarter of fiscal 2022 after the divestiture would be approximately $ 105-110 million per quarter.


Source link

]]>
Fintech platform CASHe raises $ 19 million from its Singaporean parent company TSLC https://www.ameritas.co.uk/fintech-platform-cashe-raises-19-million-from-its-singaporean-parent-company-tslc/ Tue, 04 Jan 2022 07:35:04 +0000 https://www.ameritas.co.uk/fintech-platform-cashe-raises-19-million-from-its-singaporean-parent-company-tslc/ Fintech start-up CASHe closed Rs 140 crore (approximately $ 18.7 million) in equity from its Singapore-based holding company TSLC Pte Ltd, which owns all of CASHe’s intellectual property and technology and controls CASHe’s operations in India. ADVERTISING CASHe said the latest capital injection brings the company’s balance sheet to over Rs 800 crore, which includes […]]]>

Fintech start-up CASHe closed Rs 140 crore (approximately $ 18.7 million) in equity from its Singapore-based holding company TSLC Pte Ltd, which owns all of CASHe’s intellectual property and technology and controls CASHe’s operations in India.

CASHe said the latest capital injection brings the company’s balance sheet to over Rs 800 crore, which includes around Rs 300 crore in equity and over Rs 500 crore raised through debt from private banks and financial companies non-bank (NBFC).

With the new capital, the Mumbai-based fintech company said it would increase its profits and expand its product portfolio. It also aims to deploy new offerings in wealth technologies and boost investments in operations, product development, data science and technology.

“Achieving Vision 3.0 is the next frontier for our growth and opportunities. We have set ourselves the goal of becoming a full-stack, credit-driven financial wellness platform of choice for the Millennial and Gen Z cohort. The new capital injection reflects a significant level of balance sheet maturity, of CASHe’s profitability and business model, ”said V. Raman Kumar, Founding President of CASHe.

Operated by Aeries Financial Technologies Pvt. Ltd, CASHe is a personal loan app and digital lending platform targeting millennials and millennials in India. In addition to personal loans, it offers “buy now, pay later” products to employees through a proprietary app and underwriting algorithm based on alternative data.

In the last four years since its launch, CASHe claims to have over 15 million registered users and has disbursed over Rs 3,000 crore to over 4 lakh active customers.

The company has disbursed over Rs 1,000 crore in loans during the nine months of this fiscal year and aims to disburse over Rs 1,400 crore by the end of March 2022.

It plans to expand its loan portfolio to Rs 3,000 crore and add up to one million customers out of the current four lakh in fiscal year 2022-2023. The company is also planning new hires in the areas of technology, products, marketing and customer support, the company said.

Founded by entrepreneur and investor Kumar in 2016, CASHe is a non-bank, mobile-focused financial wellness platform focused on the financial inclusion of underserved digital customers in India.

A few weeks ago in December, CASHe appointed seasoned banker Joginder Rana as vice president and general manager, Dhruv Jain as general manager, while then chief technology officer Yashoraj Tyagi was named first. commercial director of the company.

Last year, CASHe received undisclosed growth capital from venture credit firm BlackSoil Capital.

In 2017, CASHe had raised Rs 20 crore (approximately $ 3 million) in debt financing from IFMR Capital. Previously, he also received funding from alternative asset manager Florintree Advisors, who is owned by former Blackstone India chief Mathew Cyriac.

In a similar space, recently, Singapore-based venture capital fund Beenext invested in fintech start-ups Mewt and 42 Cards. FinTech startups Tyke and Minko also raised equity last month.


Source link

]]>
Ledn raises $ 70 million in Series B funding https://www.ameritas.co.uk/ledn-raises-70-million-in-series-b-funding/ Sat, 01 Jan 2022 16:18:04 +0000 https://www.ameritas.co.uk/ledn-raises-70-million-in-series-b-funding/ Ledn recently announced that it has raised $ 70 million in Series B funding. Those are the details. Ledn – a global digital asset savings and lending platform – recently announced that it has successfully raised $ 70 million in a Series B funding round, bringing its valuation to $ 540 million. 10T Holdings led […]]]>

  • Ledn recently announced that it has raised $ 70 million in Series B funding. Those are the details.

Ledn – a global digital asset savings and lending platform – recently announced that it has successfully raised $ 70 million in a Series B funding round, bringing its valuation to $ 540 million. 10T Holdings led the Series B round.

Golden Tree Asset Management, Raptor Group and FJ Labs were among the list of new Ledn investors. And 10T Holdings Managing Partner and CEO Dan Tapiero will join Ledn’s board of directors.

Ledn plans to use this new capital to strengthen its balance sheet to support the rapid growth of its digital asset lending business, including its new bitcoin-backed mortgage product. And all existing venture capitalists followed in the cycle, including White Star Capital, Kingsway Capital, Coinbase Ventures, Alan Howard, Parafi Capital, Susquehanna Private Equity Investments, Global Founders Capital, Hashed, CMT Digital, Ascendant Capital and John Pfeffer.

Additionally, the company has announced the imminent launch of a Bitcoin-backed mortgage product, the first of its kind to hit the market. And this mortgage will allow Ledn’s clients to use their Bitcoin holdings to purchase a property while continuing to benefit from the potential price appreciation of both assets. Customers will be able to combine an equal amount of Bitcoin and real estate collateral as part of the mortgage. This unique collateral structure – which relies on the stability of real estate to deal with the volatility of Bitcoin – was designed to provide clients with a generous window to manage their Bitcoin collateral during times of high market volatility.

Currently in pilot mode, the Ledn Bitcoin-backed mortgage is expected to be widely available to customers in the United States and Canada by early 2022. And the company already has a growing waitlist for the product and is targeting more than 100. million dollars in Bitcoin-backed mortgage constructs by the end of the first quarter of 2022.

Ledn’s notable growth – including building a strong client base in 127 countries with 44% of credit clients in Latin America – was a key driver for this fundraising. And since the third quarter of 2020, Ledn’s USD loan issuance has grown more than 25-fold, and assets on the platform have exceeded $ 1.7 billion, an increase of 4,000% from the third. quarter of 2020. During the same period, its registered user base increased by almost 10 times.

Additionally, Ledn achieved an industry-best 95% customer satisfaction rating due to his obsession with delivering a top-notch customer experience. And the company will use the Series B funds to accelerate the pace of hiring new teams, continue to develop innovative digital asset financial products and develop an already strong segment of localized products designed to meet the needs of English, Spanish and Portuguese. – language users around the world.

KEY QUOTES:

“Most people who have great bitcoin wealth still cannot use their assets to qualify for a mortgage with a bank. Our clients want to diversify their portfolio to protect their wealth and then use it for cases like buying a home, but one should not come at the expense of the other. That’s why we’re launching this product, to provide access to key financial products for those who choose to invest outside the mainstream of traditional banks.

– Adam Reeds, co-founder and CEO of Ledn

“Ledn’s business model is a real win-win for investors and borrowers, as it empowers investors to generate high returns on their investments in digital assets, while providing attractive interest rates for borrowers. . We are proud to lead this investment in Ledn, and it is clear Ledn is poised for rapid growth and global expansion.

– Dan Tapiero, Managing Partner and CEO of 10T Holdings

“At Ledn, we believe in enabling people around the world to access cryptocurrencies as a way to secure a better financial future. This investment will allow Ledn to help more people save in Bitcoin and other strong digital assets to preserve their wealth and escape poverty traps. As our business grows, Ledn customers should expect us to continue to invest in financial education, greater access to our products, and to continue to provide them with the best customer experience.

– Mauricio Di Bartolomeo, co-founder and CSO at Ledn


Source link

]]>