The three founders of an energy provider which set out to challenge the major firms are set for a stocking filler of more than £110 million this Christmas after a takeover by oil giant Shell.
First Utility was set up by entrepreneurs Darren Braham, 51, along with Mark Daeche and Marcus Citron, both 54, in 2008. The firm is now supplying gas, electricity and broadband to more than 825,000 homes.
The price paid by Anglo-Dutch Shell was not disclosed, but sources close to the deal told The Mail on Sunday it was about £240 million.
Daeche, who separated from his model wife Amanda Cronin earlier this year, is understood to own about 20 per cent of the company. Citron has a similar stake and the pair are set to receive about £48 million each.