£23m sale of a 70% equity stake in UK online casino assets and management relating to the brands Pocket Fruity, Spin Genie, Britain’s Got Talent Games and X Factor Games
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 transaction that resulted in the sale of 70% of the Company’s UK online casino B2C business to River iGaming plc
In addition to the consideration, River UK Casino (subsidiary of River iGaming plc) entered into a five year B2B platform and content agreement
Patrick Solution, CEO of Gaming Realms, said:
“We are delighted to announce this agreement with River iGaming, which aligns perfectly with our strategy
We are hugely grateful to the Akur team for their central role in bringing this transaction together
From identifying and introducing the most appropriate partners through to structuring, negotiating and finalising the deal with River iGaming, we have been impressed with Akur’s network, knowledge and advice throughout the process”
£156m equity fundraising on the London Stock Exchange, via Accelerated Book Build
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
About the transaction:
Significantly over-subscribed, this non-pre-emptive fundraise was undertaken to provide capital for a pipeline of near-term potential investments.
£48m equity fundraising on the London Stock Exchange, and migration to the Premium List
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:
This fundraise was the second following the company’s IPO in 2017, it comprised a raise into a new C share issue. This transaction will allow the Company to maintain the considered deployment of investment into this lower risk, yielding asset class in the UK.
Siobhan joined Akur in May 2014, as head of execution. Previously a partner within the Capital Markets team at Smith & Williamson in London, Siobhan is experienced in working with all aspects of listed companies, both on the Official List and AIM.
In over a decade with Smith & Williamson, her work was primarily focused on quoted closed-ended funds, particularly in the real estate and infrastructure sectors, as well as acting for a number of clients in gaming, leisure, media, financial services and oil & gas services. Her client list is global in nature, she has advised companies with operations in the Far East, India, sub-Saharan Africa, Eastern Europe and the United States as well as the United Kingdom. Siobhan started her career in the Corporate Finance management consulting division of Coopers & Lybrand, Zimbabwe.
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