Clifford Chance Advised MiddleGround Capital On Acquisition Of Integral Powertrain
Clifford Chance Advised MiddleGround Capital On Acquisition Of Integral Powertrain
Global law firm Clifford Chance has successfully advised US-based private equity firm MiddleGround Capital on its acquisition of UK-based Integral Powertrain Ltd. ("Helix"). Helix is a prominent designer and manufacturer of high-performance electric motors, high-voltage inverters, and integrated electric drive units for various rapidly growing mobility applications. Following the acquisition, Helix’s founding shareholders will retain a minority stake in the business.
MiddleGround Capital, known for its expertise in the high-performance motorsport sector, has previously invested in Xtrac, a leading supplier of professional motorsport and high-performance automotive transmission systems, and Race Winning Brands, a manufacturer and marketer of racing and high-performance engine components.
The acquisition of Helix aligns with MiddleGround Capital's strategy of partnering with leading companies in the mobility sector. Notably, Clifford Chance also advised on MiddleGround Capital’s acquisition of Xtrac in 2023, marking the firm’s first investment in Europe.
The Clifford Chance team leading the transaction was spearheaded by private equity M&A Partner Neil Barlow, supported by Senior Associate Mark Inkester, Associates Louise Murray and Megan Hodges, and Trainee Isabella Savage.
Specialist advice included:
Employment Matters: Partner Alistair Woodland, Senior Associate Kristen Hammond, and Associate Amber Mullins.
Tax Matters: Partner Nicola Hemsley and Associate Archie Zverev.
Antitrust and Regulatory Matters: Partner Sue Hinchliffe and Associate Maria Sowinska.
IP Matters: Partner Don McCombie and Senior Associate Sean Wood.
Real Estate: Partner Alis Pay and Senior Associates Katie Kempthorne and Alice Raine.
