Brilliant Birketts goes from strength to strength
The last 12 months have brought continued success for Birketts. Its Corporate Team regularly advises on complex and high-value transactions and projects, with both domestic and international dimensions.
Birketts advised EO Charging, a leading provider of electric vehicle charging solutions for fleets, on its $80 million equity investment from Vortex Energy and Zouk Capital.
Founded in 2014 by entrepreneur Charlie Jardine, EO’s unique end-to-end solutions offer customers everything they need to transition to electric at scale and pace, no matter the size of their fleet.
Legal Director, Rachel Astill, led on the transaction and was supported by Grace Shek (Associate).
John Jardine, Managing Director, EO Charging said: “Our thanks goes to the Birketts team, whose expert support and client care were vital to the success of this transaction. Their specialist advice was invaluable whilst navigating this investment round, and we’re excited to have the funding and service offering to develop our leadership on a global scale as the market continues to accelerate.”
Birketts’ Real Estate Investment Team advised leading European property investment firm, M7 Real Estate Ltd, on the sale of a £62 million UK multi-let industrial portfolio to Pictet Alternative Advisors and Marchmont Investment Management.
The sale concluded a long-term asset management strategy, which saw M7 acquire a portfolio of 17 assets over the course of 2016 and 2017 and establish an increase in profit and an overall uplift in rent on behalf of a high-net-worth investor family.
The Birketts team advising on the sale was led by Cameron Barlow (Partner, Head of Real Estate Investment) and Nikki Link (Legal Director, Real Estate Investment), with key support from Elliot Wotton (Solicitor, Real Estate Investment).
David Ebbrell, Chief Executive Officer of M7 Real Estate Ltd commented: “It has been a pleasure to work with the Birketts Real Estate Investment Team on another important project. We look forward to working together on further asset management and transaction strategies in the future”.
Following on from the last round of angel investments in 2020, Birketts advised Cambridge-based Zedify, the electric cargo bike delivery network, in its latest investment of £5 million.
Led by Barclays Sustainable Impact Capital and MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund, with participation from existing investor Green Angel Syndicate, the funding will power the brands UK growth.
Zedify was founded in 2018 to offer a sustainable, greener delivery solution. It currently operates its zero emissions service in 10 UK cities.
The Birketts team was led by Partner Ed Savory (Corporate) and was supported by Macauley Alsford (Corporate), Sam Varney (Corporate), Emily Seago (Corporate), Kye Strowbridge (Corporate) and Lorraine Porter (Corporate).
Rob King, Founder and CEO of Zedify commented: “It was, as always, an absolute pleasure to work with the Birketts team on this deal, with easy communications and first class advice. Many thanks Ed and Macauley!”
Birketts’ Corporate Team advised Cambrionix and its owners on its multi-million-pound equity investment from Foresight Group.
Founded in 2007, Cambrionix is an industry leading Cambridge-based designer of hardware and software solutions for the global mobile device management market. An estimated five million devices worldwide are connected to Cambrionix hardware at any one time.
Foresight Group’s investment comes from the £100 million Foresight East of England Fund, a fund developed to support SMEs in the East of England and beyond.
Adam Jones (Corporate) and Greg Allan (Corporate) led the team from Birketts and were supported by Alice Wooler (Corporate), Karl Pocock and Robbie Watson (Corporate Tax), and assisted by Samuel Varney and Leanna Romano (Corporate).
Victoria Tyson, Director, Cambrionix Holdings Limited, said: “We were thoroughly impressed with the level of service provided by Greg Allan, Adam Jones and Alice Wooler. The team was incredibly knowledgeable and professional throughout the entire process. Communication was clear and timely, which helped to alleviate any concerns or questions we had along the way.
“What stood out to us was the personalised and commercial approach the team took in handling our matter. They took the time to understand our unique situation and needs, and worked diligently to provide a solution that best met our goals. Overall, we were extremely satisfied with the service we received from Birketts and would highly recommend them to anyone in need of legal assistance.”
For legal advice on your upcoming deal, contact the team at birketts.co.uk.