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HGCapital raises £50m at 845p
Tue, 07 Feb, 2012
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HGCapital raises £50m at 845p
Thu, 11 Mar 2010, 15:50:00
Private equity trust HGCapital has decided to press ahead with a £50m placing through an issue of new shares at 845p. The company has received commitments to subscribe for £35.1m from a range of new investors and existing shareholders and commitments from conditional placees to subscribe for £14.9m. HGCapital believes that the Company is now in the early stages of the next significant cycle for deployment of capital, with the opportunity to make attractive new investments over the medium term. "We are very pleased to be announcing this fundraising which has attracted strong support from both existing shareholders and new investors. These funds will enable the trust to take full advantage of the investment opportunities the Board sees opening up at this stage in the economic cycle," Roger Mountford, chairman said.
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