Social Housing REIT plc is the largest London listed investor (NAV:£430m) in high-quality social housing assets in the UK, focused on new-build supported housing assets
About the transaction:
On behalf of the Board of Directors, Akur led an independent Investment Manager review process which commenced in May 2024 and culminated in the selection of a new manager – Atrato Partners Limited – in December 2024. This process included an extensive benchmarking of the relevant UK investment managers, a full review and appraisal of the company’s previous management arrangements, benchmarking of UK market precedents, and engagement with a number of high-quality prospective firms, following which Akur provided its independent view and recommendations to the Board.
Tritax Big Box REIT is the largest listed investor in high-quality logistics warehouse assets and controls the largest logistics-focused land platform in the UK – advised by Akur since 2013
About the transaction:
Akur advised Tritax Big Box REIT on its all-share acquisition of UK Commercial Property REIT Limited, undertaken via a Scheme of Arrangement on a NAV-for-NAV basis, creating the fourth largest REIT in the UK, with a combined net asset value (EPRA NTA) of approximately £4.4 billion.
As a result of the acquisition, the Company is able to offer customers a broader range of logistics property sizes, locations and tenant uses from “Mega-Boxes” to smaller, strategically located, logistics assets within key urban locations, while creating value from the recycling of capital from non-logistics assets acquired via the transaction into its development pipeline of best-in-class logistics assets.
US$575m acquisition of Verne Global (data centre portfolio)
About the client:
Ardian is a world-leading private investment house, managing or advising US$156bn of assets
About the transaction:
Akur advised Ardian infrastructure as buy-side financial advisor in the acquisition of 100% of the data centre assets from Digital 9 Infrastructure plc. A complex cross-border transaction including data centres in Iceland, Finland and the UK, with a clear focus on highly sustainable data centre provision and favoured by AI, machine learning and large language model applications.
Akur advised Ardian across the entirety of the transactions and in the negotiations with Digital 9 and its investment Manager, Triple Point, including when the process became competitive.
The transaction incorporated a significant earn-out structure for the benefit of Ardian which reduced the upfront cash payment, as well as the business plan risk.
The transaction has provided Ardian with a platform to deliver its ambitious data centre expansion plan across the Nordics.
Flaviar, Inc. is a global spirits e-commerce platform operating through two marketplaces (Flaviar.com and Caskers.com) and facilitating nearly a million orders annually through its network of retailers across the world. In addition Flaviar offers DtC sales through its Barcart division, and a full-service consulting agency with content production, experiential, and performance marketing solutions. Through these verticals, Flaviar fulfils its mission of powering new ways of connecting consumers with brands and Bringing Good Spirits to Life.
About the transaction:
Akur advised Flaviar as M&A advisor in the acquisition of 100% of Wine-Searcher.
Wine-Searcher, operating since 1999 and with offices in both NZ and UK, is the go-to global search engine, price comparison website and extensive database of wines and spirits.
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