ARA Asset Management ups stake in Japanese property manager Kenedix to 30%
A city view in Tokyo, Japan. Photo by Ryo Yoshitake on Unsplash.
May 14, 2021
ARA Asset Management Ltd, a Singapore-based real estate investment firm backed by Warburg Pincus, on Friday announced that it has increased its take in Japanese real estate asset manager Kenedix to 30% from 20.27% previously.
The move comes after ARA supported the privatisation of Kenedix in November 2020 via a buyout led by Sumitomo Mitsui Finance and Leasing (SMFL), a subsidiary of Sumitomo Mitsui Banking Corporation. Kenedix was delisted from the Tokyo Stock Exchange in March.
Financial details of the transaction were not disclosed. ARA first bought into Kenedix in 2017 and was, up to the time of privatisation, its single largest shareholder.
Beyond black letter law - why managing reputational threats is core to GCs work
13 May 2021
A top-level panel of in-house counsel hosted by HFW discuss the future of litigation
By Aerial Mike; Shutterstock Contrary to the expectations of many, the Covid-19 pandemic led to an initial lull in litigation as companies went into survival mode and courts around the world tried to adapt to the disruption of lockdowns and social distancing. As Vodafone’s GC, Rosemary Martin, told a roundtable of senior in-house counsel convened by HFW: “We thought there was going to be an upswing in litigation and it would all become a bit contentious and difficult. Maybe that will come this year, but last year was weirdly business-as-usual.”
Around the house: GCs arrive at SMBC and Boyd Gaming
06 May 2021
Around the house: GCs arrive at SMBC and Boyd Gaming
Siemens has also named a new chief compliance officer in Munich, while lidar startup AEye has appointed a new general counsel as it prepares to go public
From Citi to SMBC Citigroup heavyweight Scott Flood has moved to Sumitomo Mitsui Banking Corporation, where he’s been named managing director and US general counsel of the company and general counsel of SMBC Americas Holdings, its US bank holding company. In his new role, New York-based Flood is responsible for overseeing the legal function for SMBC Group across the Americas, advising the board and other senior executives on legal and regulatory issues. He succeeded William Haney, who is retiring and will serve in an advisory capacity through the transition.
BlackRock Smaller Companies Trust Plc - Final Results
PR Newswire
(Legal Entity Identifier: 549300MS535KC2WH4082)
Annual results announcement for the year ended 28 February 2021
PERFORMANCE RECORD
1,2
1,2
1,2,3
1
12.80p
20.50p
33.30p
960,900
2 Alternative performance measures, see Glossary contained within the annual report.
3 The basis of calculation for the fair value of the debt is disclosed in note 10 to the financial statements contained within the annual report and the calculation of net asset value per share (debt at fair value) is included in the Glossary contained within the annual report.
4 Ongoing charges ratio calculated as a percentage of average daily net assets and using the management fee and all other operating expenses, excluding finance costs, direct transaction costs, custody transaction charges, VAT recovered, taxation and certain non-recurring items, in accordance with AIC guidelines.