Tritax Big Box is a leader in UK Big Box real estate investment and is the first listed investment company to give pure exposure to the Big Box asset class in the UK – advised by Akur since 2012
About the transaction:
Akur led the development of the REIT and spent nearly 10 months working on the development and structuring of the project including finding the key cornerstone investors.
The first REIT for the Tritax Group and one of the largest real estate IPOs in 2013.
Mark Shaw, Chairman of Tritax commented: “…Akur has shown tremendous commitment to the project from the initial development and structuring through to the fundraising… It was particularly valuable to us to have an independent and highly experienced IPO adviser leading the process…”
The Lending Factory was founded in 2012 by Alex Daly and David Poulton, former operations and tech leads for Virgin Money. The company has created a proprietary consumer lending platform for launch into the UK sub-prime lending market.
About the transaction:
Akur led the company’s Series A funding round to secure the lead investor into The Lending Factory to finance market launch.
Hayward Tyler Group plc is a leader in the design, manufacture and servicing of performance-critical motors and pumps for the harshest of environments. Core markets for the group include: oil & gas exploration; power generation – both conventional and nuclear; and the chemical/industrials sector. With facilities in the UK, US, China and India, the Group has a proven reputation for providing innovative, reliable technological solutions built on a proud heritage stretching back over 200 years.
Hayward Tyler has been advised by Akur since its London IPO (by reverse takeover) in January 2010.
About the transaction:
Akur acted as rule 3 financial adviser (under the Takeover Code) and debt adviser in relation to a substantial strategic investment from MBE Engineering Pte
Sale of asset management contract to Guggenheim Group (£Undisclosed)
About the client:
Akur Capital
About the transaction:
The sale of Akur’s asset management contract to the Guggenheim Group was the culmination of a significant turnaround in the operation and scale of Infrastructure India plc, from a sub scale infrastructure fund, to one which almost quadrupled in size under Akur’s management to approximately £170m market capitalisation and over £250m enterprise value. Akur spent over three years working on the project and was proud to conclude the sale of the asset management contract to such a well-known and respected group.
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