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Sigma Capital succumbs to private equity offer

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Sigma Capital Group PLC (LON:SGM) shot up 35% to 201p after the board recommended a 202.1p per share offer.

The recommended bid is from a subsidiary of investment funds managed by PineBridge Benson Elliot.

The acquisition values the provider of build-to-rent housing at about £188.4mln.

Warpaint London PLC (LON:W7L) jumped 12% to 157p after it revealed in its annual general meeting statement that trading in the year to date has been encouraging.

The management team said it is particularly pleased with the performance of the performance in the UK, where sales of its brands in the first five months of the year were up 64% on the same period of last year and up 18% on the same period of 2019.

“E-commerce sales of W7 products across all markets for the first five months of the year were approximately three times the level in the same period in 2020 and we anticipate further significant growth, albeit from a modest base,” the company revealed.

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