Hayward Tyler Group
Hayward Tyler Group plc | |
---|---|
Date: | January 2014 |
Deal Size: | £12m equity block trade and £15m debt refinance |
About the client: |
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 proposed and originated the sale of strategic investor MBE Technology’s 43% stake in Hayward Tyler to a broad range of UK and international institutional AIM investors. Concurrently Akur acted as financial adviser on HT’s debt refinancing package. |
Lead: | David Shapton |