We have advised Inspired PLC on the sale of the group’s non-core SME division for a total consideration of up to £10.5m. The transaction included the sale of Inspired’s non-core subsidiaries, Energisave Online Limited, KWH Consulting Limited and Simply Business Energy Limited.
Inspired PLC is the leading consultant for energy procurement, utility cost optimisation and legislative compliance in the UK and Ireland. The firm was established in 2000 and has since grown to become one of the country’s largest commercial energy advisors.
The disposal has been executed to allow Inspired PLC 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.
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