Arcus is pleased to announce the successful syndication of a 37.4% minority interest in Forth to a third party investor. As a result of this transaction, the Fund’s holding of Forth has decreased from 100.0% to 62.6%.
The third party investor acquired the stake for approximately the same share price paid by the Fund for the acquisition of Forth on 2 June 2011 (at £16.30 per share), plus a pro rata share of the Fund’s transaction costs and a cost of carry for the period since the completion of the acquisition.
This information note (“Note”) has been prepared by Arcus European Investment Manager LLP (“Arcus”) for use solely for information purposes. Arcus makes no representations or warranties to the accuracy or completeness of any past, simulated or estimated performance results contain herein, and further nothing contained herein shall be relied upon as a promise by, or representation by, Arcus whether as to past or future performance results.