by Nick Lloyd
30 July 2024
EMW has advised the shareholders of Integral Powertrain Limited (t/a Helix) on the sale of a majority stake in Helix to private equity firm, Middleground Capital with a subsequent rollover investment to retain a minority shareholding in the business going forwards.
Based in Milton Keynes, Helix is a company specialising in powertrain engineering, focusing on advanced high performance electric powertrain solutions. EMW has provided legal advice to Helix for two decades and we are pleased to have been part of Helix’s evolution to the point of sale.
Nick Lloyd, EMW Chair, said
“We are completely delighted to have been able support the transition to this next stage of Helix’s life. It is a truly brilliant business, showcasing the ability of a business based in Milton Keynes to lead globally – here in its development and production of powerful, compact, efficient electric drive systems enabling its clients to achieve outstanding, often record-breaking products. We very much felt the pressure to achieve the same outstanding, record-breaking service for the Helix shareholders.
The four Founders (as we already knew) combine excellence and clarity of thought with a wonderful human touch. This was invaluable to us as we negotiated a path with a huge range of challenges. And it quickly became clear that the Founders’ abilities and values were a common thread running through everyone else we dealt with in Helix.
We wish them and the MiddleGround team (who will undoubtedly add to the potential Helix has) all the best for their exciting future.”
Founder and director, John McLean said
“Please accept my sincere thanks for a job well done to you and your teams who worked hard on bringing this demanding project to a successful conclusion. EMW were very practical, professional and thorough throughout the whole process, with a wide range of relevant expertise. We appreciated your considered advice when working out a position to take with the drafting, when we should dig in, and when it was more appropriate to compromise. There were a lot of people to satisfy and MiddleGround required us and you to all be on our toes through a full due diligence and commercial process.”
Darren, CEO of Helix, said
“Having been through a similar process with EMW 7 years ago, we were once again delighted with the professional service they provided. The team allocated to the project represented all aspects of legal knowledge, not limited to just legal expertise but often general advice, suggestions, and guidance. I would not have wanted to have enter this journey with anyone else representing us.”
The EMW team was led by Nick Lloyd. He was assisted by Ross Hayward (Corporate), Sarah Simon (Corporate), Amanda de Bruyn (Company Secretarial), Belinda Williams (Corporate), Beth Spence (Corporate), Priya Magar (Employment), Claudia Pert (Employment), Rhiannon Penney (Real Estate), Nick Ripper (Real Estate) and Emma Hamilton (Commerical). Also advising the shareholders were Dial Partners LLP (Corporate Finance) and MacIntyre Hudson (Tax and Finance).
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