Lansdowne Partners Ups Position in London-based IP Group Plc (IPO)

Lansdowne Partners, managed by Alex Snow, has raised its stake in the London-listed company, IP Group Plc (LON:IPO) to 72.48 million shares, equal to 15.26% of the company’s voting rights, from 64.34 million shares held previously. According to the filing, the stake has been raised due to IP Group’s acquisition of Fusion IP Plc.

IPGrouplogo

Holding company, IP Group Plc (LON:IPO) completed the acquisition of Fusion IP plc at the end of last week. Under the terms of the deal, disclosed in an earlier press release, the shareholders of the acquired company received 0.446 shares of IP Group, for each share of Fusion IP held. The total monetary value of the deal, amounts to roughly $144.9 million.  The portfolio of IP Group Plc (LON:IPO) is represented by over 70 companies, such as Oxford Nanpopore Technologies, Xeros, Revolymer, Activiomics, etc.

The company reported its 2013 results at the beginning of the month. According to the statement, IP Group Plc (LON:IPO) had net assets of around $557 million at the end of last year, up from $435 million in 2012. The adjusted profit before tax of the company amounted to $128.3 million, which represents a significant increase from $77.2 million posted for 2012.

In February, the shareholders of IP Group approved a capital raising plan, under the terms of which, the company plans to issue over 60.6 million Capital Raising Shares, which represent gross proceeds of approximately $165.3 million.

Lansdowne Partners’ has around $18 billion in Assets Under Management. The fund holds an equity portfolio worth $11.54 billion, invested primarily in Services stocks. JPMorgan Chase & Co. (NYSE:JPM) represents the largest holding, worth $1.23 billion, which contains over 21 million shares. Among other major positions are Amazon.com, Inc. (NASDAQ:AMZN) and Google Inc (NASDAQ:GOOG), in which the fund owns 2.74 million shares and 974,400 shares respectively.

Disclosure: none

Recommended Reading:

Lansdowne Partners Reduce Position in LSE-listed Central Asia Metals

Clinton Group Inches Down Stake in NutriSystem Inc. (NTRI); Advises Company To Buy Back Stock

Hedge Fund Cliffhanger at Cliffs Natural Resources Inc (CLF)

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!