Hayward Tyler Group plc

Hayward Tyler Group plc
Date: September 2017
Deal Size: £50.6 million public takeover and debt refinance.
About the client: 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.”

Lead: David Shapton
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Chris Young…

Chris is focused on listed closed-ended funds, specialising in both equity and debt capital fundraising. He has over 16 years’ experience in both sales and research. With relationships across many of the large institutional investors in the sector, he has worked across IPOs, secondary fundraisings, placings and sales. He began his career in the City as an investment funds analyst at Credit Lyonnais in 1999, and has subsequently held positions at Lazard Panmure Gordon, Arbuthnot Securities, and most recently as a specialist salesman within the investment funds team at Westhouse Securities. He is focused on private and public real estate and REITs, infrastructure and utilities, emerging markets, private equity and alternatives. Tel: +44 (0) 20 3780 8746 Mob: +44 (0) 7471 141 303 Email: cyoung@akur.co.uk