Michelmores has advised the shareholders of renewable energy installer The Little Green Energy Company (LGEC) on its sale to Hometree, the fast-growing residential energy services provider that exists to accelerate the transition to net zero homes.
Since being founded by Simon Dudson in 2010, LGEC has pioneered the installation of solar panels and EV chargers across the South East of England. The sale of LGEC to Hometree will further support Hometree’s home decarbonisation revolution and allow LGEC to achieve larger scale for servicing its customers, meaning more homeowners are able to adopt low-carbon home energy solutions.
The cross-sector Michelmores team was led by Partner Harry Trick, alongside Senior Associate Chris Smedley and Solicitor Emma Cheshire, both from the Firm’s Corporate team, Anthony Reeves (Tax), Matt Jones (Real Estate), Rachael Lloyd (Employment) and Tegan Osborne-Brown (Employment).
Simon Dudson, Founder and CEO of LGEC comments:
“Our mission has always been to help homes and businesses to transition to solar panels and battery storage, reducing the impact on the planet. Working with Hometree will help us achieve that on a much larger scale, enabling more homes to join the green renewable energy revolution.
I would like to thank Harry and the Michelmores team for their support throughout the process – they worked tirelessly alongside the team at PKF Francis Clark to make the transaction process as smooth as possible and, at times, even enjoyable. Who knew it could be so fun working with lawyers and accountants!”
Harry Trick adds:
“It has been an absolute pleasure working alongside Simon and the team at LGEC on this transaction. They have built an excellent business and I have no doubt that LGEC will prove a great addition to Hometree, allowing them to together play an important role in helping the UK to achieve its net zero ambition.”
LGEC was further advised by the corporate finance team at PKF Francis Clark, comprising Robert Gear and Tom Hicks. Advisors to Hometree included CMS Cameron McKenna Nabarro Olswang LLP (legal) and BDO LLP (financial due diligence).
