Andrew Morrison

Tom Morrell

Tom joined Akur in September 2014 having previously worked at BDO in London where he spent three years as a manager in the corporate finance team. During his time at BDO Tom gained experience of both capital markets and M&A advisory work spanning a variety of sectors including real estate, technology and manufacturing. Prior to BDO Tom worked in the model review and audit teams at PKF in London and is a qualified chartered accountant.

Hayward Tyler Group plc

Hayward Tyler Group plc
Date: September 2017
Deal Size: £50.6 million public takeover and debt refinance.
About the client: Hayward Tyler Group Plc designs, manufactures, and services fluid-filled electric motors and pumps for high-pressure, high-temperature applications and environments across the global energy sector.
About the transaction: Akur acted as Rule 3 adviser and joint financial adviser to Hayward Tyler on the all-share sale to Avingtrans plc. This transaction, between two AIM companies under the Takeover Code, was the culmination of Akur’s advisory work for Hayward Tyler over a period of almost ten years. During this period Akur has led a wide variety of transactions for HTG including:

•  Reverse takeover and admission to AIM
•  £12m equity block placing
•  £15m refinancing package
•  $15m strategic acquisition

Ewan Lloyd-Baker, Chief Executive of Hayward Tyler Group plc said:
“I am pleased that in Avingtrans we have found a company that understands the long-term nature of our business and the significant opportunities for growth within Hayward Tyler and Peter Brotherhood on the back of our record order book and the improving market fundamentals. On behalf of the Board, I would like to put on record my thanks to the Akur team for the sound advice and assured execution that Akur have provided to the company through a wide variety of transactions over almost a decade of service to HTG.”

Lead: David Shapton
Online retail

Triple Point Social Housing REIT plc

Triple Point Social Housing REIT plc
Date: August 2017
Deal Size: New REIT and IPO raising £200m on the London Stock Exchange
About the client: Triple Point Social housing REIT plc invests in UK social housing assets, and is focused on supported housing.
About the transaction: Akur led the project from initial concept through development and to the successful, oversubscribed IPO.

This work included, the full structuring of the new REIT, development of the investment rationale and policies, the agreements to acquire the initial portfolio of seed assets, and the sourcing of key cornerstone investors. This process was a true “idea to IPO” process, requiring a full development of a functioning REIT with an investment rationale attractive to institutional investors.

Following the IPO, Ben Beaton, Joint Managing Partner of Triple Point, commented:
“…simply put, without Akur, this project would not have happened. Thank you for the incredible effort…”

Lead: Tom Frost
Online retail

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