Slaughter and May is advising Ovo Energy on its purchase of SSE plc’s GB household energy and services business16 Sep 2019
Slaughter and May is advising Ovo Energy, the UK’s leading independent energy supplier, in connection with its purchase of SSE plc’s GB household energy and services business, for consideration of £500m, comprising £400m in cash and £100m in loan notes. Together, the businesses serve almost 5m customers across the UK.
Completion of the transaction is expected in late 2019 or early 2020 and is subject to certain regulatory approvals.
Slaughter and May worked closely with Ovo’s internal deal team comprising Vincent Casey, Daphne Yao, Sanjay Verma, Matt Johnson and Steve Ackroyd.
Corporate: Richard Smith (partner), Christian Boney (partner), Alex Dustan (associate), David Hughes (associate), Simon Tysoe (associate), Chris Koay (associate), Oliver Koo (associate), Lewis Rowley (trainee solicitor), Stephen Elhabbal (trainee solicitor), Gabrielle Ohlsen (trainee solicitor), Riva Bhalla (trainee solicitor); Financing: Caroline Phillips (partner), Matthew Tobin (partner), Chris Armstrong (associate), Robert Withycombe-Taperell (associate), Bie Cookey (associate); Competition: Isabel Taylor (partner), Jonathan Slade (associate), Andrew Gilbert (associate); Separation: Rob Sumroy (partner), Richard Todd (partner), Oliver Moir (associate), Oliver Howley (associate), Bronwen Hutchison (associate), Harry Vanner (associate), Charles MacRae (associate); Tax: Gareth Miles (partner), Ed Milliner (senior counsel), Victoria Hine (associate); Pensions & Employment: Daniel Schaffer (partner), Charles Cameron (partner), Padraig Cronin (partner), Chris Sharpe (associate), David Rintoul (associate); Financial Regulation: Nick Bonsall (partner), Chris Hurn (associate); Real Estate: Samantha Brady (senior counsel), Paul Roberton (associate)
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