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Today

Scottish Mortgage chair Chris Samuel joins Oakley Capital Investments with aim of narrowing its 25% discount

Christopher Samuel, chair of Scottish Mortgage Trust (SMT), will take charge of Oakley Capital Investments (OCI) next March. The former chief executive of Ignis Asset Management will join the £954m listed private equity fund as a non-executive director on 17 November and become its chair after a four-month transition when interim chair Steve Pearce steps […]

Today
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Morning briefing: CMA clears PHP’s Assura acquisition; Abrdn Diversified to return £57m; plus HGEN, SBSI, JEMA

Primary Health Properties (PHP) has gained the Competition and Markets Authority’s approval for its acquisition of Assura (AGR), with the regulator concluding the creation of a £6bn healthcare real estate investment trust raised no competition concerns. PHP said it would turn its full attention to integrating the two businesses and realising the full benefits of […]

Today

Aberdeen to take full control of Tritax Management by 2029

Aberdeen Group (ABDN) is to acquire full ownership of logistics specialist Tritax Management over the next four years, lifting its current 60% stake to 80% next April and then 100% in 2029. The fund management group bought its initial majority holding in Tritax in 2020 with an option to increase the position in future. It […]

28 Oct 2025

Morning briefing: Saba buys back into Montanaro UK Smaller; Ian Francis steps down from CQS Natural Resources; plus YCA, BPM, GRIO, SWEF

Saba Capital has re-established a 5% position in Montanaro UK Smaller Companies (MTU) seven months after the £125m investment trust bought out the activist hedge fund’s then 12% holding with a purchase of 19.9m shares. Yesterday Saba disclosed it held over 6.3 voting rights in the listed fund managed by Charles Montanaro. This comes as […]

28 Oct 2025

Scottish Mortgage backs Anthropic, the $183bn AI firm whose valuation alarmed its former fund manager

Scottish Mortgage (SMT) has invested £91m in Anthropic, the US artificial intelligence start-up whose $183bn (£137bn) valuation recently worried its former fund manager James Anderson.  Anderson, who left Baillie Gifford in 2022 after 40 years with SMT’s investment group, told the Financial Times earlier this month that the “scale of jump and the pace” with which Anthropic and its main rival OpenAI […]

27 Oct 2025

Acquisitive LondonMetric buys £25m stake in Schroder Real Estate after signalling its interest in more M&A

LondonMetric (LMP), the acquisitive logistics real estate investment trust, has bought a 9.5% stake in Schroder Real Estate (SREI), raising speculation that its chief executive Andrew Jones may be lining up a new bid. LMP has grown its market value to £4.5bn and nearly doubled its total portfolio to £7bn with a string of acquisitions […]

27 Oct 2025

Janus Henderson shares jump to all-time high after Nelson Peltz’s Trian launches $7.2bn bid

Shares in Janus Henderson (JHG.N) have soared 17% in New York after the fund manager said it had received a $7.2bn (£5.3bn), or $46 a share, cash bid approach from activist hedge fund Trian and venture capital firm General Catalyst. Janus Henderson, the product of a merger eight years ago between Janus Capital of the […]

27 Oct 2025

Biotech M&A hots up as Novartis buys Avidity for $12bn, giving further boost to RTW, IBT, BIOG and PCGH

Shares in RTW Biotech Opportunities (RTW), International Biotechnology (IBT) and Biotech Growth (BIOG) have jumped around 3% after Novartis of Switzerland became the latest drugs giant to ink a big deal, agreeing to pay $12bn for Avidity Bioscience. Over the weekend Avidity (RNA), a US, Nasdaq-listed rare muscles disease specialist, obtained a binding offer of […]