£55m equity fundraising on the London Stock Exchange
About the client:
Triple Point Social Housing REIT plc, is a listed UK REIT, investing in UK social housing assets, focused on supported housing
About the transaction:
A follow-on equity capital raise to support the acquisition of a key pipeline of assets. The transaction also included the establishment of 12 month placing programme to enable up to a further c.£150m of equity to be issued.
Triple Point Energy Efficiency Infrastructure Company plc (“TEEC”)
Date:
October 2020
Deal:
IPO, raising £100m on the London Stock Exchange
About the client:
TEEC is a new listed closed-ended fund investing in energy efficiency infrastructure projects in the UK. Energy efficiency as a sector has been underinvested relative to renewable energy funds and this successful IPO seeks to address this imbalance.
TEEC is investing in a range of critical energy efficiency projects across the UK including low carbon heat networks, the retrofit of social housing assets, and distributed generation.
About the transaction:
Akur acted as exclusive independent financial adviser to TEEC on its successful IPO
Jonathan Parr, Partner at Triple Point said:
“From origination through structuring, and to completion, Akur has worked very closely with the team in delivering this milestone IPO, Akur was a key part of the process to unlock this transformational project.”
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.”
£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!”
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