Corporate team advises Hermes Infrastructure on the sale of its 25.6% investment in Energy Assets Group

Global law firm Norton Rose Fulbright has advised Hermes Infrastructure on the sale of its 25.6% managed interest in Energy Assets Group Limited (‘Energy Assets’) to a consortium comprising European institutional investors and an infrastructure fund.

The realisation was completed as part of a 100% sale, alongside funds managed by Alinda Capital Partners. Hermes Infrastructure and Alinda Capital Partners (Alinda) acquired Energy Assets by way of a public-to-private transaction in 2016 and have since invested further capital to support the sustainable growth of the business.

Headquartered in Livingston, Scotland, Energy Assets is the largest independent provider of industrial and commercial gas metering services in the United Kingdom by number of meters owned and managed, an owner of last-mile utility connections, and a provider of multi-utility network metering and data services.

The team was led by partner Stephen Rigby and included counsels Nicolas Sirtoli and Sarah Tonks, associate Tom Maturi and tax partner Matthew Hodkin.

Norton Rose Fulbright advised Hermes Infrastructure in respect of its original investment in Energy Assets and joint venture arrangements with Alinda in 2016.