We have advised Inspired Energy Plc on the sale of the group’s non-core SME division for a total consideration of up to £10.5 million. The transaction included the sale of Inspired’s non-core subsidiaries, Energisave Online Limited, KWH Consulting Limited and Simply Business Energy Limited.
The disposal has been executed to allow Inspired Energy to focus exclusively on providing expert solutions and cost-effective services to its corporate energy consumers on its core, corporate markets.
The Gateley deal team was led by Corporate partner, and head of the Gateley Legal Manchester office, Paul Jefferson and included corporate Senior Associate Leigh Whittaker and banking Senior Associate Christopher Lister.
Paul Jefferson commented: “The sale of Inspired’s SME division allows the group to maintain its focus on its core aim, to provide full market coverage to its corporate client base and continue to implement its successful buy and build strategy. Gateley have been delighted to play our part in the delivery of that strategy over many years working in partnership with the executive management team at Inspired.”
Gateley Plc is authorised and regulated by the SRA (Solicitors' Regulation Authority). Please visit the SRA website for details of the professional conduct rules which Gateley Legal must comply with.
Related Articles
-
Deal alert
Helping Byron save 365 jobs and 12 restaurant locations
We have helped secure the future of the well-known restaurant chain, Byron, by aiding client Famously Proper Ltd through a restructuring process. In doing so, we we…
Read article -
Deal alert
Advising The Timpson Group on acquisition of In-Time
We advised Timpson on the acquisition of watch and jewellery repair specialist, In-Time, in a pre-packed deal that saved 110 jobs across 35 UK locations.
Read article -
Guide
Employment due diligence during the share sale of a company: the seller’s perspective
This guide sets out the main HR topics and practical considerations from a seller’s perspective as part of employment due diligence during the share sale of a compa…
Read article