Gateley Legal has advised Inspired Energy plc on the deal.
Inspired Energy sold 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.
Inspired Energy 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 Energy to focus exclusively on providing expert solutions and cost-effective services to its corporate energy consumers in its core, corporate markets.
The deal was led by corporate partner and head of the Gateley Legal Manchester office, Paul Jefferson (Picture) and included corporate senior associate, Leigh Whittaker and banking senior associate, Christopher Lister.
Law Firms: Gateley LLP;
Clients: Inspired Energy Plc;