Published: February 2, 2026 at 5:46 pm
Activist investor Kelso Group Holdings has seen its investment in over-50s group Saga soar by 40 per cent in less than a month.
Kelso, which is also an investor in NCC Group and THG, raised £2.1m through a new share placing in December 2025.
On January 6th, 2026, Kelso announced it had completed the purchase of 400,000 shares at an average share price of 386.5p.
At the time Saga’s market capitalisation was £551.5m.
Last week the company, which is the UK’s specialist in products and services for people over 50, delivered a positive trading update and said it expected to report an underlying profit before tax that is ahead of the prior year.
Today, Saga’s share price rose by 5 per cent to a five-year high of 550p – giving it a market cap of more than £800m.