IPS, EDM and Rocket 9 include a 100-strong team and prominent UK casino brands including Pink Casino, SlotBoss and 21.co.uk. The business was founded by the team behind Bede Gaming, a leading supplier of software to the online gambling industry
About the transaction:
Akur ran a competitive process, leveraging our extensive international network of gaming investors and acquirers, bringing to the table a broad range of interested parties.
Joe Saumarez Smith, Co-founder and lead investor said: “Akur have led the transaction from start to finish in a highly professional way. From identifying and introducing potential acquirers to deal structure and transactional agreements, Akur have been fantastic advisors who have listened to our needs and identified the best deal partners. The transaction is an ideal outcome for the shareholders, the management of the business who have a fantastic cultural fit with the acquirers and Bede Gaming, who have signed a new software supply deal with the acquirers.”
Revelan Group (UK Industrials and Logistics) – Equity Investment
Date:
October 2017
Deal Size:
Majority investment into an existing £200m Revelan Group industrial focused portfolio by Ares Management.
About the client:
Revelan Group is a UK multi-let industrials and logistics owner, with a c. £200m portfolio of industrial assets in the UK.
About the transaction:
Akur Capital ran an extensive process to identify and deliver an appropriate equity partner for the Revelan Group management team during 2017.
This was a unique opportunity for a sector specialist like Ares Management to take advantage of the value add nature of taking an existing UK industrial focused portfolio into a pure play industrial logistics platform; unlocking the income and capital value inherent within the assets.
Ares (a leading alternative asset manager) has invested and partnered with Revelan to deliver a pure play industrial logistics portfolio of scale, capitalising on the growing demand for space from e-commerce companies.
Hayward Tyler Group Plc designs, manufactures, and services fluid-filled electric motors and pumps for high-pressure, high-temperature applications and environments across the global energy sector.
About the transaction:
Akur acted as Rule 3 adviser and joint financial adviser to Hayward Tyler on the all-share sale to Avingtrans plc. This transaction, between two AIM companies under the Takeover Code, was the culmination of Akur’s advisory work for Hayward Tyler over a period of almost ten years. During this period Akur has led a wide variety of transactions for HTG including:
• Reverse takeover and admission to AIM
• £12m equity block placing
• £15m refinancing package
• $15m strategic acquisition
Ewan Lloyd-Baker, Chief Executive of Hayward Tyler Group plc said: “I am pleased that in Avingtrans we have found a company that understands the long-term nature of our business and the significant opportunities for growth within Hayward Tyler and Peter Brotherhood on the back of our record order book and the improving market fundamentals. On behalf of the Board, I would like to put on record my thanks to the Akur team for the sound advice and assured execution that Akur have provided to the company through a wide variety of transactions over almost a decade of service to HTG.”
New REIT and IPO raising £200m on the London Stock Exchange
About the client:
Triple Point Social housing REIT plc invests in UK social housing assets, and is focused on supported housing.
About the transaction:
Akur led the project from initial concept through development and to the successful, oversubscribed IPO.
This work included, the full structuring of the new REIT, development of the investment rationale and policies, the agreements to acquire the initial portfolio of seed assets, and the sourcing of key cornerstone investors. This process was a true “idea to IPO” process, requiring a full development of a functioning REIT with an investment rationale attractive to institutional investors.
Following the IPO, Ben Beaton, Joint Managing Partner of Triple Point, commented: “…simply put, without Akur, this project would not have happened. Thank you for the incredible effort…”
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