Triple Point Energy Efficiency Infrastructure Company plc

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.

Lead: Tom Frost
Triple Point Energy Efficiency Infrastructure Company plc

Tritax Big Box REIT plc

Tritax Big Box REIT plc
Date: February 2019
Deal Size: £250m equity fundraising and associated £370m acquisition of db Symmetry
About the client: Tritax Big Box REIT is a leader in the UK and the first listed entity to give pure exposure to the Big Box asset class
About the transaction: The fundraise (which was significantly over-subscribed) was conducted to fund the acquisition of db Symmetry, a Big Box developer with a total land portfolio of over 2,500 acres which is estimated to be able to deliver over 38m sq. ft. of new Big Box and logistics assets in the UK.

The portfolio is expected to contribute materially to the Company’s ability to continue to deliver strong earnings growth, the assets are targeting an average yield on cost of 7-8%, whereas at the time of acquisition the Company’s valuation yield was 4.4%.

Lead: Anthony Richardson
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Triple Point Social Housing REIT plc

Triple Point Social Housing REIT plc
Date: October 2018
Deal Size: £108m 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 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 c.£150m of further equity to be issued.
Lead: Tom Frost
Gaming Realms PLC

Tritax Big Box REIT plc

Tritax Big Box REIT plc
Date: April 2018
Deal Size: £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.
Lead: Anthony Richardson
ace2three

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