Friday, November 6, 2020
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UK Coronavirus business interruption loan scheme in “accredited provider” gridlock to disperse funds

The Corporate Finance Network recently conducted research with 13,000 SME’s. “Its conclusions are stark,” comments Tim Stocks, Chief Executive of specialist merchant bank, James Stocks & Co.   An estimated 18% could become insolvent within the next four weeks due to their inability to access HM Government support under the Coronavirus Business Interruption Loan...

Healthcare divestment generates 3.6x cash-on-cash return multiple for Arx

DCB has been acquired by a joint venture involving Sava Re and Triglav, two of Slovenia’s largest insurance companies. The takeover of DC Bled will enable Sava Re and Triglav to implement their strategic expansion into the Slovenian private health services market. Bled-based DCB is the largest private healthcare service provider in Slovenia. The...

Avel Vor (RES and Caisse des Dépôts) sells its 30% equity stake in €2.4bn Ailes Marines project to Iberdrola

Avel Vor (RES and Caisse des Dépôts) sells its 30% equity in the €2.4 billion investment project, scheduled for commissioning in 2023 With a global 12.4 GW offshore wind project pipeline, Iberdrola currently operates three offshore wind farms: West of Duddon Sands (389 MW), Wikinger (350 MW) and the 714-MW East Anglia ONE (to...

IN-DEPTH: CYBERWARS THREATEN TO DERAIL CRITICAL INFRA

This article was first published by Inframation News, an Acuris company (25 November, 2019) With great power comes great responsibility. The famous ‘Peter Parker Principle’ devised by Spider Man comic book impresario Stan Lee should resonate with any fund manager responsible for assets deemed 'critical' to modern daily living. The inherent responsibility carried...

Energy supplier ban over smart meter enrolment could damage growth plans; DCC parent Capita sees £1bn value wipe-out

“These companies could face further punishments, and potentially lose their licences if they don’t resolve this situation soon,” says Owen. “These five energy companies might not be household names - accounting for fewer than 100,000 households between them - but the smart meter network won’t work properly until every supplier is using the same communications infrastructure.”

Interiors retailer Pier 1 enters Chapter 11 and searches for buyer

NYSE-listed Pier 1 Imports, the interiors and home accessories retailer that is also home to a collection by American interiors and makeover guru Joanna Gaines, is pursuing a sale of the company and has entered into a Plan Support Agreement with a majority of its term loan lenders. This means the Company and...

Greencoat acquires Letteragh Wind Farm in €35.4m deal; Graziano joins the board from Vestas

Listed Greencoat Renewables, a Euro-based renewable infrastructure company, has acquired Letteragh Wind Farm, a 14.1MW wind farm situated in County Clare, on Ireland's west coast, for an initial consideration of €35.4m. This brings Greencoat Renewables' portfolio of operational wind assets to 476MW. Seahound Wind Developments Limited developed Letteragh. HSH Nordbank provided project finance for the wind farm’s construction....

NHS Property Services to power portfolio with 100% renewable energy

NHS Property Services (NHSPS) has signed two new energy contracts via Inspired Energy to power its portfolio with 100% renewable power. British Gas will provide 100% renewable electricity and Corona will provide natural gas to all their properties across England by April 2020. NHSPS is responsible for around 11 per...

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