In QuotedData’s morning briefing 25 March 2024:

• Literacy Capital (BOOK) has announced a new investment in the Live Business Group, a leading international entertainment supplier to the travel, tourism and leisure industry. BOOK has taken what it describes as a significant minority stake in the London-based firm, with the actual terms being undisclosed. BOOK’s investment will support Live’s growth plans, with a continued focus on the quality of their service offering, with Live’s founder-managers retaining their roles in leading the company.
• Schroder British Opportunities Trust (SBO) has announced its quarterly NAV for the period ending 31 December 2023. As of the end of 2023, SBO has a total NAV of £82.9, or 112.2p per share, a 2% increase in per-share NAV over the last quarter, and a 7.25 uplift in total NAV. Of the 7.2%, 5.8% of the total uplift can be attributed to SBO’s public equity sleeve, while its private equity sleeve saw a £1.2m increase in valuation. Within its private equity sleeve, the main contributors were the technology-enabled home care company, Cera Care, and the global leading price reporting agency for non-exchange traded commodities, Mintec. Within its public equity sleeve, the main contributor was the pub operator City Pub Group, which received a take-over bid. City Pub Group also represented the majority of SBO’s £4.5m in realisations it made over the period.