Praxis Fund Services (UK) Limited assists with the launch IPO for Bellevue Asset Management AG

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PraxisIFM Fund Services (UK) Limited has worked with Bellevue Asset Management AG on the initial public offering of BB Healthcare Trust plc on the premium segment of the London Stock Exchange.

Gross proceeds of £150 million were raised pursuant to a first placing, offer for subscription and intermediaries offer of ordinary shares.

The investment objective of BB Healthcare Trust plc is to provide shareholders with capital growth and income over the long-term, through investment in listed or quoted global healthcare companies.

‘We are delighted to have been selected as company secretary and administrator to BB Healthcare Trust plc and are very much looking forward to working with Bellevue Asset Management AG,’ said Anthony Lee, managing director of PraxisIFM Fund Services (UK) Limited, which is part of the PraxisIFM group of companies.