£175m equity fundraising on the London Stock Exchange
About the client:
Tritax Big Box is a leader in UK Big Box real estate investment and is the first listed entity to give pure exposure to the Big Box asset class in the UK – advised by Akur since 2012
About the transaction:
This fundraise coincided with the inclusion of the Company into the EPRA index – a critical index for REIT investors. EPRA index inclusion is only tested annually – in order to gain entry and to leverage this to assist in this major fundraising the Company had to undertake a significant acceleration of the preparation of its first annual report and accounts.
£85m equity fundraising on the London Stock Exchange
About the client:
Empiric Student Property plc is an internally managed real estate investment trust (“REIT”) investing in modern, direct-let, premium student accommodation, both standing and development assets, with a focus on quality and with assets in prime central locations in top university cities and towns in the UK.
About the transaction:
This fundraise represented the third undertaken by Akur, and comprised part of its share issuance programme, it was oversubscribed at the top end of the range, immediately following the fundraise Empiric began an accelerated programme of asset acquisitions in Leeds, Bristol, Exeter and Manchester.
BLN (trading as ThinCats) is the UK’s leading secured business lending platform, having lent a total of £140 million to UK businesses on a secured basis, as at November 2015
About the transaction:
Akur acted as ThinCats’ exclusive financial adviser to secure a major underwriting facility to enable higher frequency and larger loans across ThinCats platform. Following an extensive process, ESO Capital was chosen as lead underwriter on the ThinCats platform, driving significant ramp-up in the scale of the business.
Tom is focused on real estate, infrastructure and renewable energy.
Tom is primarily focused on the listed market, across both corporates and closed-ended funds. Specialising in yielding asset backed offerings, his sector focus is on real estate, infrastructure, and renewable energy. He previously ran a principal investment team within Kaupthing Singer and Friedlander, and an equities and funds group focused on infrastructure and renewable energy at Numis Securities. Previously, he was within a project finance team at KPMG, and holds a PhD in atmospheric chemistry.
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