12 Aug 2020 | 12:00 am | 1 min. read
Multinational law firm Pinsent Masons has advised Sanjeev Gupta’s GFG Alliance on the de-merger of SIMEC ZEN Energy Group, GFG’s renewable energy development and retail businesses in Australia.
The de-merger of SIMEC ZEN Energy Group will see the creation of two separate renewable energy businesses comprising SIMEC Energy Australia and ZEN Energy. GFG Alliance will continue to own and operate the Energy Development Business, SIMEC Energy Australia, whilst the Energy Retail Business, ZEN Energy, has been split off and sold to the minority shareholders led by Ross Garnaut and Raymond Spencer, the owners of Sunshot Energy.
Commenting on the deal, corporate partner Ewan Robertson said: “We are delighted to have advised GFG Alliance on this strategically important deal, which will allow GFG to focus on the strength of its significant energy development business.”
“Given the intertwined nature of the businesses and the financial support provided from various sources, the de-merger was ultimately a complex process. Working closely with the GFG team, we were able to quickly draw on the specialist finance and energy markets experience required to reach a successful and beneficial outcome for all parties involved.”
GFG Alliance is a collection of global businesses and investments owned by Mr Sanjeev Gupta and his family. GFG Alliance employees 35,000 people across 30 countries and has revenues of US$ 20 billion. GFG Alliance is a leader in sustainable industry with a mission to become Carbon Neutral by 2030.
Headed by Ewan Robertson, the Pinsent Masons team acting on the transaction was led by senior associate Lucy Carter with assistance from lawyer Katie Murray and graduate lawyer Abigail Gedge on M&A matters; partner Jim Hunwick and lawyer Jesse McNaughton on financing matters; and partner Katie Williams and associate Patrick Williams on employment aspects. The deal also benefited from the firm’s Vario service offering with legal consultant Dariel de Sousa assisting on energy regulatory matters.
Key Contacts
Multinational law firm Pinsent Masons has hired Gillian Harrington to join the firm’s Aberdeen office as employment partner from 6 May.
Multinational law firm Pinsent Masons has hired corporate partner, Rachel Soundy, to join the firm’s Birmingham office.
Multinational law firm, Pinsent Masons LLP, has advised IGCF VI Euro, L.P. a sub-fund of Balbec Capital LP, a global alternative investment manager headquartered in the United States on its first European public securitisation in relation to the issuance of notes totalling EUR 392 million backed by a portfolio of reperforming Spanish mortgage loans, arranged by Goldman Sachs.
Multinational law firm Pinsent Masons has hired Gillian Harrington to join the firm’s Aberdeen office as employment partner from 6 May.
Multinational law firm Pinsent Masons has hired corporate partner, Rachel Soundy, to join the firm’s Birmingham office.
Multinational law firm Pinsent Masons has today announced its latest round of partner promotions, with 24 set to join its global partnership on 1 May.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]