
Ludgate also exits agri.capital
Ludgate Environmental Fund - a listed vehicle managed by Ludgate Investments - has fully exited German biogas energy producer agri.capital GmbH, reaping a €16.3m cash return.
Ludgate saw the value of various instruments it held against agri.capital redeemed by the company, using funds from the recent Alinda Capital Partners investment.
Independent infrastructure firm Alinda Capital Partners acquired a majority stake in agri.capital from its shareholders and will invest more than €300m in the company over the next three years. Frog Capital, which held a stake in agri.capital, fully exited the company as well.
Ludgate Environmental Fund invested a total of €11.3m in agri.capital over three growth capital deals since 2008. The exit resulted in an increase of 5.8p per share – from the 98.6p per share NAV at 31 December 2010 – for the listed vehicle.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater