BDB Pitmans advises Harwood Capital LLP in relation to its shareholding in Fulcrum Utility Services Limited

BDB Pitmans LLP advised Harwood Capital LLP (Harwood) in connection with its proposed unsolicited tender offer for AIM listed, Cayman incorporated, Fulcrum Utility Services Limited (Fulcrum). The successful outcome was the entering into of a relationship agreement entitling Harwood to appoint a non-executive director to the Fulcrum board.

Harwood’s principal activity is the provision of discretionary investment management and advisory services. It is authorised and regulated by the Financial Conduct Authority and is part of the Harwood Capital Management Group that, at 31 December 2019, had £1.5 billion of funds under management. Fulcrum is the UK’s leading provider of independent energy and multi-utility services, and the only independent utilities infrastructure provider covering the whole of Britain.

The team acting on this transaction was led by corporate partners Nick McCarthy and Tessa Trevelyan Thomas, assisted by associate Rebecca Arnheim.