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Company: Dalata Hotel Group plc

Transaction: €265m Fundraising and Admission to the ESM Market of the Irish Stock Exchange and the AIM Market of the London Stock Exchange (March 2014) and €455m Acquisition of the Moran Bewley’s Hotel Group and €50m Placing (December 2014)

Davy Role: NOMAD, ESM Adviser and Broker and Financial Adviser for the Acquisition of the Moran Bewley’s Hotel Group

SUMMARY

Established in 2007, Dalata had created a market leading hotel operation platform under an experienced management team comprised of Chief Executive Pat McCann and a number of former senior executives from the former Jurys Doyle Hotel Group.

In early 2014, Davy guided Dalata through a significant fundraising and market admission exercise, with the strategy of leveraging Dalata’s core asset management, hotel operation and development competencies to grow the business substantially through a mix of owned, leased and managed hotel assets.

By structuring and executing the €265 million fundraising that provided Dalata with the financial resources to acquire an initial portfolio of hotel assets, as well as managing the admission process to AIM and ESM which would allow Dalata to avail of access to the capital markets, Davy created the platform from which Dalata could become the leading player in a reshaped Irish hotel sector.

In December 2014, Davy then served as financial adviser to Dalata on its transformational deal, the €455m acquisition of the Moran Bewley’s Hotel Group. The Moran Bewley’s Hotels comprised a portfolio of nine hotels and over 2,500 rooms located across Ireland and the UK. Davy provided the full spectrum of corporate finance advisory services to Dalata; from negotiating and agreeing deal terms with the seller to structuring and executing an associated €50m placing to provide Dalata with the financial resources to execute the deal.

 

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