Gowling WLG's Energy team has advised Nabuh Energy, a UK based energy supplier headquartered in Sheffield, on the sale of its business and assets to British Gas, which forms part of the Centrica group.
The assets include around 36,000 customers and approximately 70 employees of Nabuh, each of which are expected to be transferred to British Gas towards the end of April.
Gareth Baker, co-head of Gowling WLG's Energy Sector Group, led the deal working with principal associates Dhruv Chhatralia (corporate) and James Stanier (regulatory and commercial), associate Eleanor Craven (corporate), and other Energy team members including Jasvir Jootla (debt restructuring), Maya Thompson (corporate), Samuel Beighton and James Stunt (competition), Rebecca Jones (employment), Rocio de la Cruz (data protection), Tom Rank (tax) and Charlie Bond (intellectual property).
Klaus Bach, CEO of Nabuh Energy, said: "It was great to work with Gareth and the broader Gowling WLG Energy team. The team was pro-active in driving the transaction forward and were able to bring their broader knowledge of the sector and come up with pragmatic solutions to help us get the transaction to a successful closing."
Gowling WLG's multi-disciplinary and highly integrated Energy team has a first-class reputation and has advised on a significant number of customer book acquisitions and disposals, share sales and SoLR processes. Examples of recent mandates include advising The Midcounties Co-operative on the sale of its customer book to Octopus, Avid Energy on the sale of its customer book to Nabuh Energy and advising Tonik Energy on the SoLR process to which it became subject.
Gowling WLG's Energy team also advises governments, regulators, project developers, network companies, financial institutions and investors, energy suppliers and traders, technology companies and the sector supply chain among others - spanning a wide range of projects, regulatory matters and commercial transactions in the sector, having an in-depth specialism on the power purchase agreement market and the subsidies available.