|About the transaction:
||Akur worked closely with the management team of Empiric for approximately 8 months prior to the IPO, during this period, the investment strategy was developed, the full structuring of the new plc company developed and put in place, the agreements to acquire the initial £40m of seed assets, and the sourcing of key cornerstone investors. This 8 month process was a true “idea to IPO” process, requiring a full development of a functioning plc with an investment rationale attractive to institutional investors.
Following the IPO, Paul Hadaway, CEO commented:
“…the key to the success of this project was the highly differentiated structure and focus of the offering. We spent over six months working closely with Akur to get this right, Akur showed real commitment and belief in the project from day one, and we look forward to moving forward as a listed company with them…”