Moore Kingston Smith advises Mark and Dawn Lipman on buy-out of minority shareholder in Full Power Utilities

Moore Kingston Smith Corporate Finance has advised the original shareholders of Full Power Utilities, one of the first utility brokers in the UK (established in 1997 after the energy market liberalisation) in a buy-out and reorganisation.

As a result of the buy-out, Mark and Dawn Lipman are now the sole owners of the business, Full Power Utilities.

They have stepped back from the day-to-day running of the business and now hold their interest via a new holding company – Full Power Holdings Limited. Operationally, the business is under the control of its CEO, Paul Smith, and the executive board.

Debt to facilitate the buy-out was provided by David Muse at Santander.

The Moore Kingston Smith Corporate Finance team was Stephen Orriss and Nathalie Strauss.

Buyside legal representation was Ian Morris at Marriott Harrison.

Paul Smith, CEO at Full Power Utilities, commented: “The recent change in ownership and management of Full Power is an exciting time for the business. I am delighted to be joined by Jason, Joey and Marc whom I have worked closely with since I joined the company in 2018. I look forward to working with them on the continued growth of the business. We have an amazing team at Full Power and that extends beyond our fantastic employees to the thousands of introducers we work with around the country on a daily basis.

“I would like to thank Mark and Dawn for their ongoing backing and would also like to thank Stephen Orriss and Ian Morris and their teams at Moore Kingston Smith and Marriott Harrison and for the support and expert advice received during the recent restructuring of the business.”

Stephen Orriss, Corporate Finance Partner at Moore Kingston Smith, said: “Mark and Dawn Lipman brought innovation into the energy sector. It’s exciting to see that Paul carries on this legacy with their support. The business has a great future ahead.”