​​RSM’s M&A and private equity team has successfully advised New Era Energy (‘New Era’) on its equity investment from Hanover Investors Management (‘Hanover’).

​Founded in 1919, New Era is a specialist distributor of liquid fuels and related products to primarily commercial customers across the construction, distribution and public sectors. Focusing on industries with a critical fuel need, the company prides itself on the reliability, flexibility, and speed of its service. Today, New Era is one of the UK’s fastest growing independent distributers of fuel, selling in excess of 200 million litres per year. As one of the first distributors of HVO, a green alternative to diesel, the company is also at the forefront of the UK’s energy transition, helping businesses to adopt lower carbon solutions.

​After more than 40 years in the business, the shareholders decided succession to the management team was the best route to support the company’s continued growth. The deal enabled the shareholders to realise value, with the managing director and management team taking a larger stake in the business. Following a competitive bidding process, Hanover was selected as management’s preferred partner to take the business to the next stage.

​RSM advised the shareholders on all aspects of the deal, preparing the business for market, introducing Hanover to the process and negotiating terms. As part of our role, we also provided transaction tax, debt advisory, financial modelling, and data analytics support to provide a wider deal services solution.

​​RSM's M&A team has advised the management team at Abellio UK on its acquisition of the company from Nederlandse Spoorwegen, the Dutch state-owned rail operator.

​The deal marks a significant milestone in the UK transport sector and transfers the company to domestic ownership after approximately 20 years.​

​A multi-disciplinary team from RSM advised managing director Dominic Booth who has been at Abellio UK since 2007. He, along with the management team, will continue to run Abellio UK’s existing operations and franchises through a newly created company called Transport UK Group Ltd.

​Transport UK Group Ltd will serve millions of passengers a year, operating more than 60 London bus routes and four UK rail passenger services (East Midlands Railway and West Midlands Railway, Greater Anglia and a 50:50 joint venture with Serco on Merseyrail).

​​RSM’s M&A team has advised on the sale of Tendeka B.V. (‘Tendeka’), a leading provider of innovative technology, products and services to the oil and gas industry, to TAQA (industrialisation and energy services company).​​​

Established in 2009, Tendeka has grown to become one of the leading providers of technology for reservoir optimisation, completion systems and related services to the upstream oil and gas industry.

​With $1.2bn revenue, TAQA provides products and services to the energy industry focused on achieving performance and sustainability, through an integrated suite of capabilities across drilling, completions and production services.

​RSM’s role was to support on key negotiations around the completion mechanism, including providing strategic commercial advice in relation to net debt and working capital.