UK

SDCL Energy Efficiency Income Trust (SEEIT), the London-listed investment trust that focuses on investment in energy efficiency, is targeting ambitious growth in 2020. Its CEO talks GlobalCapital through its plans.

Artemis Investment Management has appointed Matthew Beesley as its new chief investment officer. He will join in April, replacing Peter Saacke, who will concentrate on managing some of Artemis’s funds.

Goldman Sachs has announced a deal called Magenta CMBS to finance Thai conglomerate DTGO Corporation’s purchase of 17 regional hotels across the UK from Marathon Asset Management. The deal is the first CMBS linked to Sonia, with the commercial real estate market proving slower than consumer assets classes to switch from Libor.

Peter Glaser will become sole head of European direct lending at Alcentra, as his former co-head Graeme Delaney-Smith is leaving the firm for retirement. Alcentra has also hired two senior people for its origination team.

Andrew Scotland has become co-head of Bayside Capital’s special situations debt activities in Europe.

Shares in NMC Health, the beleaguered UAE healthcare company, surged as much as 18% on Monday morning after it said it had received takeover approaches from buyout firms KKR and GK Investment.

Shareholders in Investec Group have approved the proposed spin-off of its £121bn asset management division Ninety One, paving the way for Ninety One’s IPO on the London Stock Exchange.

The IPO of Calisen Group, the UK operator of smart meters, is due to be priced at 240p a share according to final messages from boorkunners, slightly below the midpoint of the 225p-265p initial range, valuing the company at £1.29bn.

UK billionaire Peter Hargreaves has sold £550m of stock in Hargreaves Lansdown, the UK financial services company he co-founded, via a block trade that was increased to satisfy a huge demand.

A trio of transactions issued this week by Santander UK and Nationwide Building Society have opened two new funding channels for UK issuers. The dollar covered bond market is now back as a strategic funding tool after a near 10 year absence and, for the first time, sterling seven year floating rate covered bonds are a viable funding option.

Bahrain Steel to lock in better conditions in refi — Saudi sparks life into local loan mart — Cranfield University soft-sounds private placement market — Golding Homes looks to add hundreds of houses with £120m facility — Great Portland brings ESG loans to UK Reits

Nationwide Building Society is book building for a three year dollar covered bond on Wednesday, in which the coupon extension period is linked to Sofr, but with a "nuanced difference" to the similar deal issued on Tuesday by Santander UK.