Peregrine writes down investment in Java Capital as deals dry up
Financial services group Peregrine Holdings has written down the value of its investment in Java Capital by R100m
20 June 2019 - 08:43
Financial services group Peregrine Holdings, which owns private-client wealth manager Citadel, has written down the value of its investment in Java Capital by R100m as the corporate advisory house grapples with a slowdown in deal-flows in SA.
Java Capital’s attributable earnings in the year to end-March fell 60% to R15m because of “significantly reduced deal-flow in both the general corporate finance arena as well as in equity capital markets during the year”, Peregrine said...
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