Knight Corporate Finance is delighted to announce that it advised the shareholders of Fidelity Energy on its Management Buy Out with investment from private equity firm Blixt Group.
The investment boost from Blixt has accelerated Fidelity Energy’s expansion ambitions into a new trajectory as the firm seeks to drive organic growth supported by acquisitions across the UK and Europe. Blixt’s investment will also enable Fidelity Energy to augment its service offering to a wider range of energy, net zero and sustainability advisory services.
John Haw, CEO of Fidelity Energy said, “Since being founded nearly 10 years ago Fidelity Energy has grown rapidly to the point where we had to consider the best strategic option for our shareholders, staff, partners and customers. This deal, enabled some of the shareholders to exit, whilst Sean and I can continue running the business but with super-charged ambitions. The investment in the business from Blixt will be channelled into growth for the benefit of all of our stakeholders”.
Adam Zoldan, Director at Knight CF, said, “Fidelity Energy has delivered consistent growth to reach a size where it was being courted by a number of Trade Buyers and Private Equity investors. Before starting a process, we took time to understand all of the shareholders aspirations, and with a proven management team that were keen to remain with the company with big plans the future, a Private Equity transaction was selected as the preferred way forward”.
During the process the transaction created plenty of interest and strong competition. Blixt is an experienced investor in professional and advisory services, with growing platforms in insurance broking, legal, accounting, and wealth management. It was selected as the preferred party given their track record of business scale-up and value creation strategy that aligned with the management team’s vision, and the proposed deal structure which met all of the shareholders objectives.
John Haw said of the transaction process, “Fidelity engaged Knight to run the process and were thrilled with the level of interest that Fidelity Energy received from some of the UK’s leading private equity institutions. However, Knight really came into their own in the second part of the transaction. The amount of information required, the number of people involved in separate due diligence streams, and the level of complexity in terms of pulling a deal like this together is impressive. Knight were supportive throughout the whole process and importantly were a guiding force for both Sean and I during the transaction. We can’t speak highly enough of the entire Knight team.”
Adam Zoldan concluded, “Knight is looking forward to watching Fidelity Energy continue to flourish. This was our first engagement in this sector and it certainly demonstrated that for those looking to take a step into the Energy sector, they can genuinely create and realise significant shareholder value.”