The deal

Rose Street Partners, a newly launched investor in UK private companies, has successfully completed its first investment with the acquisition of Fuelsoft, a leading provider of software for the fuel distribution industry. Supported by our Debt advisory team, the deal marks Rose Street Partners’ first investment since its inception last year.

Founded in 2007 by David Kingsman and John Allen, Fuelsoft has been dedicated to delivering market-leading software to the fuel distribution industry for decades. Accountancy firm Buzzacott (due diligence) also advised on the deal, as well as Freeth’s LLP (Rose Street Partners) and Shoosmith’s (Thin Cats) providing legal support.

Rose Street Partners was supported by our Debt Advisory team on the investment. Our London-based team, including Partner Simon Sherliker, Director Stuart Sweeney, Senior Manager Amit Bagga and Manager Brad Gayler secured interest and managed a competitive process between multiple lenders to secure an optimal financing solution for Rose Street via ThinCats. The funding will support the immediate transaction as well as Fuelsoft’s future growth strategy, which includes investments in core SaaS applications and potential mergers and acquisitions.

Simon Sherliker, Debt Advisory Partner at FRP Corporate Finance, said: “This deal exemplifies the strength of Fuelsoft’s market position, and the confidence lenders have in stable, specialist businesses. We have facilitated a financing solution that positions Fuelsoft for continued success under Rose Street Partners’ ownership and look forward to seeing the business go from strength to strength with their support.”

Dan Skyte, Founder & CEO at Rose Street Partners, added: “We couldn’t be happier with Fuelsoft as our first investment. Our goal is to invest in niche, market leading businesses run by exceptional people and Fuelsoft fits that description perfectly. We are committed to preserving David and John’s legacy, and look forward to working alongside them, and Fuelsoft’s outstanding management team, to deliver the next phase of growth for the company and its loyal customer base.”