Established in 1998 as an automotive and motorsport engineering consultancy, Helix has evolved to become a market leader in the electric mobility market as one of the most trusted sources for high-performance electric propulsion solutions in the motorsport, high-performance automotive and other e-mobility markets, with best-in-class design and engineering capabilities.

MiddleGround is an operationally-focused private equity firm that makes control investments in North American and European middle market B2B industrial and specialty distribution companies. Since the opening of their Amsterdam office in 2023, MiddleGround have completed three other transactions including the majority investment in Xtrac, a British automotive engineering company. Today, Helix marks MiddleGround’s fourth European investment and completes their Mobility Thesis.

This transaction demonstrates Dial Partners’ experience and understanding of the specialist automotive sector and builds upon the success of previous transactions involving Williams Advanced Engineering.

Speaking about the deal, Josh Knox, Director, said:

“This is a sector we love to work in and it has been a pleasure to advise Helix over the last two years. We are delighted with the outcome; MiddleGround Capital have a strong reputation when it comes to manufacturing and engineering and I’m confident their expertise will enable Helix to continue operating from strength to strength. We look forward to seeing the business grow and develop.”

Dial Partners LLP served as financial advisor to Helix and its shareholders. The transaction was led by Angus Russell, Partner, Josh Knox, Director and Charlie Croxford, Analyst.