Pinsent Masons advises GFG Alliance on the de-merger of SIMEC ZEN Energy

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. 

Latest press releases

Show me all press releases

Pinsent Masons advises Bestinver Infra, FCR on acquisition of remaining shares in Irish toll road concession & operation companies

Pinsent Masons has advised Bestinver Infra, FCR on the acquisition of the remaining shares in N6 (Concession) Holdings Limited and N6 (Operations) Ltd, with Japanese co-investor Daiwa Energy & Infrastructure Co. Ltd.

Pinsent Masons advises Sandoz on acquisition of remaining shares in Rowex Joint Venture

Multinational law firm Pinsent Masons has advised Sandoz on the acquisition of the remaining shares in Rowex Limited, a joint venture in Ireland between Sandoz and Rowa Pharmaceuticals.

Pinsent Masons advises Lloyds Bank on £62 million fund to invest in sustainable business and regional development

Multinational law firm Pinsent Masons has advised Lloyds Bank on the launch of a £62 million investment fund to help small businesses across England and Wales access finance to support local jobs and economic activity.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advises Bestinver Infra, FCR on acquisition of remaining shares in Irish toll road concession & operation companies

Pinsent Masons has advised Bestinver Infra, FCR on the acquisition of the remaining shares in N6 (Concession) Holdings Limited and N6 (Operations) Ltd, with Japanese co-investor Daiwa Energy & Infrastructure Co. Ltd.

Pinsent Masons advises Sandoz on acquisition of remaining shares in Rowex Joint Venture

Multinational law firm Pinsent Masons has advised Sandoz on the acquisition of the remaining shares in Rowex Limited, a joint venture in Ireland between Sandoz and Rowa Pharmaceuticals.

PM implement emissions programme for supply chain

Multinational law firm Pinsent Masons is launching a free, comprehensive net-zero programme for its small and medium-sized enterprise SME suppliers to help them reduce greenhouse gas emissions through science-based targets.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts

We are processing your request. \n Thank you for your patience. An error occurred. This could be due to inactivity on the page - please try again.