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.
Key Contacts
Latest press releases
Show me all press releasesPinsent Masons advises on Shackleton exit
Multinational law firm Pinsent Masons has advised the shareholders of independent financial advisory and wealth management firm Shackleton, including the private equity buy-and-build specialist Sovereign Capital Partners, on the exit to Lee Equity Partners.
Pinsent Masons named by The Times as a Top 50 Employer for Gender Equality
Multinational law firm Pinsent Masons has been announced by Business in the Community as one of The Times Top 50 Employers for Gender Equality in 2025. This year’s list marks the sixth time that the firm has been recognised for its commitment to embedding gender equality into all levels of the organisation.
Pinsent Masons act as key adviser to Dalmore Capital in relation to acquisition by Royal London
Multinational Law firm Pinsent Masons played a key role in advising the UK-based infrastructure asset manager Dalmore Capital through its acquisition by UK pensions and investment giant Royal London.
People who viewed this press release also viewed
Show me all press releasesPinsent Masons advises on Shackleton exit
Multinational law firm Pinsent Masons has advised the shareholders of independent financial advisory and wealth management firm Shackleton, including the private equity buy-and-build specialist Sovereign Capital Partners, on the exit to Lee Equity Partners.
Pinsent Masons advises Gulf Nav on its AED 3.2 billion reverse takeover of Brooge Petroleum Gas Investment from Brooge Energy Limited
Multinational law firm Pinsent Masons has advised Gulf Navigation Holding PJSC (Gulf Nav), the only maritime and shipping company listed on the Dubai Financial Market, on its landmark reverse takeover of Brooge Petroleum and Gas Investment Company from NASDAQ-listed Brooge Energy Limited.
Pinsent Masons bolsters global energy offering with new corporate partner in Aberdeen
Multinational law firm Pinsent Masons has hired energy specialist Chris Sawyer to join the corporate team as a partner in the firm’s Aberdeen office from 27 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]