Mkodo

Mkodo
Date: December 2019
Deal: Sale to Pollard Banknote; £7.8m initial consideration
About the client: mkodo, which was founded in 2001, delivers world-class, award-winning apps and digital products for mobile, online and retail environments in the betting, gaming and lottery sectors. Clients of the UK-based company include; The Rank Group’s Grosvenor Casinos and Mecca Bingo brands, Canada’s Atlantic Lottery Corporation and British Columbia Lottery Corporation.
About the transaction: Akur acted as exclusive financial adviser to mkodo on its 100% sale to Pollard Banknote

Sue Yoxall, Co-founder and Executive Director of mkodo said:

From origination of appropriate partners through to structuring, negotiating and finalising the deal with Pollard Banknote, we have been extremely impressed with Akur’s extensive network, knowledge and advice throughout the process.

Lead: David Shapton
mkodo logo

FSB Technology Ltd

FSB Technology Ltd
Date: July 2019
Deal: £23m initial growth equity investment, which may be increased to £27m
About the client: FSB Technology offers full end-to-end sports betting and internet gaming solutions which includes data and pricing feeds, a proprietary sports betting software platform, fully managed trading services and more.
About the transaction: Akur acted as lead advisor in securing the growth equity investment in FSB Technology from Clairvest Group Inc. (TSX: CVG), a Toronto-based private equity house.

Clairvest have made an initial investment of £23m, which may be increased to £27m.

Mark Blandford, Chairman of FSB commented:
We are delighted to have once again concluded an important transaction for FSB with Akur on board as our advisers. From the early stages of identifying and introducing potential partners through to structuring and finalising the deal with Clairvest, Akur have skilfully married the varying requirements of a range of shareholders with those of our management team and the incoming investors. They have played a vital role in bringing this complex transaction together.

Dave McDowell, CEO, added:
Akur did a fantastic job helping us get this important investment completed!

Lead: David Shapton
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Tritax Big Box REIT plc

Tritax Big Box REIT plc
Date: February 2019
Deal Size: £250m equity fundraising and associated £370m acquisition of db Symmetry
About the client: Tritax Big Box REIT is a leader in the UK and the first listed entity to give pure exposure to the Big Box asset class
About the transaction: The fundraise (which was significantly over-subscribed) was conducted to fund the acquisition of db Symmetry, a Big Box developer with a total land portfolio of over 2,500 acres which is estimated to be able to deliver over 38m sq. ft. of new Big Box and logistics assets in the UK.

The portfolio is expected to contribute materially to the Company’s ability to continue to deliver strong earnings growth, the assets are targeting an average yield on cost of 7-8%, whereas at the time of acquisition the Company’s valuation yield was 4.4%.

Lead: Anthony Richardson
ace2three

Gaming Realms PLC

Gaming Realms PLC
Date: February 2019
Deal: Sale of Real Money Assets to River Group for £11.5 million
About the client: Gaming Realms plc (GMR.L) is an AIM-listed developer, publisher and licensor of mobile real money and social games
About the transaction: Akur advised GMR on the sale of Bear Group Limited, the sale of a perpetual licence to its gaming platform, and the sale of GMR’s residual interest in River UK Casino Limited

GMR has undergone a number of changes in 2018 as part of its strategy to focus on content development and international licensing. This transaction (which is subject to shareholder and regulatory approval, amongst other things) is in line with GMR’s strategic direction, continuing to build on its reputation as a highly regarded developer and licensor of games in the international gaming market.

In 2018, Akur advised GMR on the sale to River UK Casino of certain of its real money gaming brands, namely Pocket Fruity, Spin Genie, Britain’s Got Talent Games, X Factor Games and associated business.

Having built an excellent pedigree with the development and launch of approximately 20 games to date, this transaction provides an opportunity for GMR to focus its resources further on content development and international licensing of its Slingo brand and intellectual property.

Lead: David Shapton
Gaming Realms PLC

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