The Shell Petroleum Company Limited has completed the acquisition of Impello Limited and its subsidiaries (known as “First Utility”), a leading UK household energy and broadband provider, following receipt of all necessary regulatory and other approvals.
The Shell group’s energy supply, trading and marketing expertise, combined with First Utility’s experience in serving around 825,000 homes in the UK, will enable First Utility to grow and develop more innovative services for customers. Expanding our energy supply business from commercial and industrial customers into the residential sector through First Utility allows us to bring our products and services to more customers every day.
Shell Energy Europe Limited (SEEL), the Shell group’s European gas and power marketing and trading business, will continue to supply wholesale gas and electricity to energy retailers in the UK and Europe, including First Utility. In 2015, a licensing agreement between Shell Brands International and First Utility enabled them to operate in the German household energy sector under the Shell brand.
Slaughter and May advised Impello Limited, the parent entity of the First Utility group, on the deal with a Corporate team led by Richard de Carle (partner, in picture), assisted by David Plant (associate), Alexander Berry (trainee), Ellen Friend (trainee), Serena Hopkins (trainee) and Philip Lucas (trainee); on Competition law advised Isabel Taylor (partner), Alex Fisher (trainee) and James Dow (trainee); on Tax matters provided assistance Michael Lane (partner) and Jamshed Bilimoria (associate); on Pensions and Employment law advised Jonathan Fenn (partner), Katie Lewis (associate); and on Real Estate matters provided assistance Jane Edwarde (partner), Todd Wu (associate).
Involved fees earner: Richard de Carle – Slaughter and May; David Plant – Slaughter and May; Alexander Berry – Slaughter and May; Ellen Friend – Slaughter and May; Serena Hopkins – Slaughter and May; Philip Lucas – Slaughter and May; Isabel Taylor – Slaughter and May; Alex Fisher – Slaughter and May; James Dow – Slaughter and May; Michael Lane – Slaughter and May; Jamshed Bilimoria – Slaughter and May; Jonathan Fenn – Slaughter and May; Katie Lewis – Slaughter and May; Jane Edwarde – Slaughter and May; Todd Wu – Slaughter and May;
Law Firms: Slaughter and May;
Clients: Impello Limited;