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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Candover Inv. | CDI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 115.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 115.50 |
| Top Posts |
|---|
Posted at 13/4/2017 20:55 by pscambler I think this sale will be Arle's own holding or, more accurately part of it. They held 37ish% if I recall.The point remains though, a value investor was prepared to pick up a wedge at pretty much market price (assuming the message is accurate). I was mentally prepared for -7p finance closure, 10% d/c to the market and then delist and wait for the bits and pieces. As long as € and PQR hold up CDI still look value. PQR closed up 2% in a declining market today, as far as I could tell on no news other than Arle's sale. |
Posted at 13/4/2017 16:03 by pscambler I ask because in Feb Arle reported as ceasing to be a holder (2nd bullet below). Maybe they acted on behalf of Candover and other shareholders? No RNS from CDI suggests they still holdFRB | Fri Mar 10, 2017 | 12:23pm EST BRIEF-Arle to distribute 26.76 pct of Parques Reunidos among its investors Parques Reunidos Servicios Centrales SA : * Says Arle Capital Partners Limited (Arle) will distribute the shares of Parques Reunidos among its investors * Arle will cease to be direct or indirect holder of the company's shares * Currently Arle manages funds holding 26.76 percent of Parques Reunidos' outstanding share capital * The shares to be distributed among about 150 institutional investors and Candover Investements Plc to receive about 2.5 percent stake in the company * The distribution of shares is expected to take place in the second quarter Source text for Eikon: Further company coverage: (Gdynia Newsroom) |
Posted at 20/10/2015 09:53 by skyship SKY News - Tuesday 15 September 2015 - By Mark Kleinman, City EditorBlackpool Zoo Owner For Sale In Arle Clearout - Bournemouth Aquarium is among the other UK visitor attractions being earmarked for sale by Arle Capital, Sky News learns. ==================== The owner of Blackpool Zoo is being put up for sale as one of London's biggest pre-crisis investment firms embarks on a multibillion pound clearout of its investments. Sky News has learnt that Parques Reunidos, a Spanish-based leisure parks operator, is to be the subject of an auction this autumn engineered by Arle Capital Partners. Arle, which was born from the remnants of Candover, once one of the UK's pre-eminent private equity groups, has hired bankers at Morgan Stanley to work on the sale. Information about Parque Reunidos will be circulated to prospective bidders imminently, a source said. In addition to Blackpool Zoo, the company owns Bournemouth Aquarium and the Aquarium of the Lakes in Cumbria. Its earnings are largely derived from visitor attractions in Spain, although it also has a significant presence in the US, France, Italy and Argentina. Media reports in February suggested that Arle had aborted an earlier auction of Parque Reunidos, which is said to be worth in the region of €2bn (£1.47bn). A spokesman for the private equity fund manager said at the time, however, that no sale process had been under way. Arle is largely focused on exiting the legacy investments made by Candover which remain under its stewardship, which include a stake in Technogym, the Italian fitness equipment manufacturer which is said to be examining a stock market listing. Arle recently announced the sale of Fokker Technologies, an aerospace group, to GKN, the FTSE-100 engineering group in a deal worth €706m (£518m). It is also conducting an auction of Stork, an oilfield services business which is being sold despite the depressed oil price environment. Bidders are being invited to submit offers for Stork in the next few weeks, with the company's chief executive having said several months ago that it was less exposed to the oil price because the majority of its order book comprised maintenance and modification-related contracts. The Stork process is being managed by bankers at Greenhill and Rabobank. Arle has now secured an extension from investors to manage the investment portfolio until 2017, so people close to the firm insist that the concurrent auctions of Parques Reunidos and Stork were a coincidence rather than an indication of a firesale. The other former Candover assets it manages include Expro International, another oilfield services business, and Hilding Anders, a Swedish bed and mattress manufacturer. Arle also acquired Innovia, which has a role in the production of the Bank of England's new polymer banknotes, last year. It is expected to raise a new investment fund in due course. A spokesman for Arle declined to comment on the Parques Reunidos and Stork sale processes. |
Posted at 16/10/2015 10:47 by skyship hnx again - here's a simple Google translation:==================== The famous Madrid's Theme Park, with its zoo included, is on sale. Two assets that are part of Parks Reunidos Group, also owns Warner and Aquapolis, whose majority shareholder, the venture capital fund Arle, has been on the market for the highest bidder. Among the candidates to be with this company, valued between 2,000 and 2,500 million are several Chinese groups and others 'private equitys'. Financial sources have confirmed that Arle, formerly Candover, has appointed Morgan Stanley to find buyers for Parques Reunidos, a person born in Madrid now have leisure centers spread across half the world now. Information, advanced by El Confidencial in January this year, was denied at the time by the official spokesman of the English background, he declined to comment yesterday on this proven news from various sources. The truth is that Morgan Stanley has already distributed a document containing information of interest to potential sale. According to different sources, several advisers have already contacted with Chinese investors who fit the profile of the company. The same sources indicate that by Parques Reunidos could be interested Wanda Group, the holding company that Asia has become a member of Atletico Madrid, or Fosun fund, which has bought the tour company Clud Med and a stake in the operator Thomas Cook . If valuation expectations are met, the operation of Parques Reunidos, which had bid for many investment banks will be one of the most profitable investments in the sector, as the team he led at the time Javier Abad have obtained a higher return 100%. When the British firm bought the Spanish company in 2007, paid 1,000 million at Advent, previously, in 2003, was excluded from the bag 240 million. This return will have to sift through the cost of debt, as the holding company, which includes more than 70 leisure centers in Europe and the United States, still drags a liability of 1,460 million euros. When Candover bought Parques Reunidos eight years, funding was granted by The Royal Bank of Scotland (RBS). Subsequently, the British firm gave several participating loans, while bond issues launched several partially secured by Morgan Stanley, the bank that now lead the divestment process. The syndicated granted by RBS was renovated in 2012, while Centaur Nederland, the holding company through which the fund controls the actions of Parques Reunidos, capitalized equity loan of 481 million. The Group has a workforce of over 9,000 employees, some of whom had to accept a salary adjustment to keep his job when the crisis hit leisure centers in Spain. Last year he named Yann Caillère as new CEO to replace Richard Golding, who decided to retire to his farm in Arcos de la Frontera (Cádiz). Caillère was previously CEO of Accor and Louvre Hotels Group and worked with companies such as Disney, where he served as president and chief operating officer. If realized, the divestment of Parques Reunidos Candover will exit from Spain, where he once had a minority stake in ONO, which sold in July 2014 to Vodafone. The British fund was set up in 2012 in Madrid, where he set up a permanent office with executives from Lehman Brothers (Alexander von der Pahlen), Merrill Lynch (Carlos Robles) and Goldman Sachs (Jon Fernandez de Barrena). |
Posted at 09/8/2015 11:45 by skyship Hazl - I wrote the short Intro below on the currently very quiet PE thread.Countdown to the end-August Interims which will dictate the value here one way or another! Personally I feel that the Peter Spiller purchases have to be considered a major indicator. We all know his record; and he is not the sort of investor to be taking such a position without considerable due diligence, well beyond anything we PIs can muster. ==================== One to BUY: =========== Very interesting institutional buys over at Private Equity trust Candover Investments (CDI). JP Morgan Securities has been declaring increases this month; then yesterday two "Holdings" RNSs from CG Asset Management. Peter Spiller is a very conservative fund manager, yet here he is increasing the Group's CDI holdings from 580k (2.7%) to 1.327m (6.1%). He may have a steer on the upcoming EXPRO figures, an oil/gas portfolio holding accounting for c26% of the last CDI valuation; and of course the reason for the share price fall this past year since the oil price collapsed. I added yesterday at 265p, taking me to a 5% allocation; but very tempted to increase that exposure as the share price does look way oversold at a 51.3% discount to the Dec'14 valuation of 545p; and 15% lower than a small top-up at 312p by the CEO earlier this month. NB: To put matters into context, that 545p was already a significant markdown from the 715p NAV pertaining before the collapse in the EXPRO valuation. IMO that makes this one worthwhile to number crunch...see links below. Finally, it should be noted that this is a trust in wind-down mode; so those asset values will be released over time. These are the first two documents to take a look at: May’15: 1st Qtr Trading Update: ==================== CDI Finals for the y/e Dec’14: ==================== sp at time of Post: 266p-273p |
Posted at 09/8/2015 11:11 by hazl I am not an informed investor on Trusts and beginning to consider them.Why has this continually dropped? Can anybody put it into a nutshell please? I have read some of the previous posts but people seem to be of mixed opinions as ever. Is this a good investment and why? |
Posted at 30/6/2015 09:59 by badtime I've emailed investor relations...for what its worth |
Posted at 29/5/2014 11:42 by jaws6 Expro link on time for 2/6/14 and dial in numbershxxp://www.exprogrou |
Posted at 14/3/2014 16:14 by jaws6 ono news in cityamhxxp://www.cityam.co |
Posted at 31/8/2010 11:36 by asmodeus Edwardt - where did you see above proposal, please? Did you get the implication from the following? "The first half of the year has seen further progress in Candover's stabilisation. We have used this period to review our options for the Company and believe that the best way to optimise value is likely to be a move towards implementing a plan to return cash to shareholders. The Board continues to believe there is significant value in the underlying investments in the portfolio. Such a plan means Candover is likely to remain as a listed investment trust, focused on distributing value to investors over time as portfolio realisations are achieved by Candover Partners. The Board will update shareholders in due course." |
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