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Firms add to calls to bring Treasury North campus to Teesside


Firms add to calls to bring Treasury North campus to Teesside
Companies have urged Chancellor Rishi Sunak to bring Treasury North to our area
Rishi Sunak at the South Tees Development Corporation site (Image: Evening Gazette)
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Investegate |Schroder Br.Opps.Tst Announcements | Schroder Br.Opps.Tst: Investment update


 
 
Given the news towards the end of Q4 2020 of a number of successful COVID-19 vaccine discoveries, followed by expectations of an immediate rollout of a vaccination programme, and probable clarity around Brexit negotiations, we got to work quickly in early December to invest.  Our belief that the small and mid-cap segment of the UK public equity market offers investment potential was corroborated within the first two weeks of SBO s launch when one of our holdings was bid for - a first for the portfolio.  Calisen, a provider of energy meters and metering systems,  received an offer from Coyote Bidco (a consortium consisting of investors including BlackRock Alternatives Management and Mubadala Investment Company) that was c.26% above the previous day s closing share price.  Calisen s directors and KKR owned c.73% of the company and voted in favour of the deal; as such we believed limited acceptance would be required from the remaining shareholders ....

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