c.£25m equity structuring and exit of a series of housing portfolios to a listed UK REIT
About the client:
A specialist developer which provides suitable, high-quality properties for people in society who need them most, suitable to be leased to institutional providers.
About the transaction:
Akur ran an extensive process to identify and deliver the most appropriate capital partner to fund and provide an exit for a series of social housing portfolios.
£200m equity fundraising on the London Stock Exchange
About the client:
Tritax EuroBox is a listed UK Investment Trust, investing into European logistics assets, benefiting from the rise in online retail
About the transaction:
A follow-on equity capital raise to support the acquisitions of a new pipeline of assets – an oversubscribed transaction. The transaction also included the establishment of 12 month placing programme for up to a further 300m shares to be issued.
£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.”
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