Tees recently advised the founders of Fidum Property Management Limited on the sale of their shares to a newly incorporated holding company which has the backing of a private equity investor.
Founded by Simon Marshall and Richard Wynn-Davies in 2019 and based in Epsom, Fidum has grown to currently manage an extensive portfolio of commercial properties. Managing offices, industrial premises and retail parks from Plymouth to Newcastle, Fidum pride themselves on providing effective management solutions to their clients.
The sale is part of a strategic plan to grow the business, but otherwise it is business as usual with Simon and Richard continuing as directors and responsible for day-to-day operations. Their extensive expertise in the property management arena will be vital as the holding company plans to continue acquiring property management companies.
Corporate Partner Tracey Dickens was assisted by solicitor Alex Haines in advising Simon and Richard at all stages of the transaction and helping to progress the transaction to completion at pace, negotiating a balanced agreement that also protected Simon and Richard’s interests. Mills & Reeve acted for the investor.
Following the sale, Simon thanked Tracey and Alex “for all [their] help, support and mentoring.”. Tracey added that, “we really enjoyed working with Simon and Richard, they were model clients, listening to our advice, responding quickly and proactively assisting us to progress matters. It is also great to see investment into businesses with strong growth plans and I wish them every success with those plans”.
