Legal
Waste not, want not: Paul Hill
Sector Focus
New appointments boost Snowhill firm
Excello Law, which has an office at Snowhill, Birmingham, has recruited two new lawyers. They are Nuneaton-based family
lawyer Lorraine Phimister, and commercial contracts and franchising specialist Gurmeet Jakhu, who is from Sutton Coldfield. Lorraine Phimister specialises in
high-net worth divorce cases, and financial matters arising from divorce, including family businesses, trusts and assets held abroad.
Acquisition in energy sector
Law firm Browne Jacobson has advised First Sentier Investors (FSI) on a brace of acquisitions in the energy-from-waste space sector.
Among these was the
acquisition of Wheelabrator UK from American-owned waste management company Wheelabrator Technologies Inc. Wheelabrator UK is a waste-
to-energy business and operates seven facilities in the UK. It uses waste which would otherwise go to landfill as fuel – among its sites is Ferrybridge Multifuel in Yorkshire, a £300m facility which produces energy from a number of sources, including waste and biomass. This facility is a joint venture
with Scottish energy company SSE plc, called Multifuel Energy Ltd (MEL). New Wheelabrator UK owner First Sentier is an Australian company, founded in 1988, and is also looking to acquire SSE’s 50 per cent stake in MEL, in a deal due to complete imminently. First Sentier managing partner
Niall Mills said: "We are delighted to make this investment in Wheelabrator UK. Following our recent agreement to acquire SSE's stake in the Multifuel Energy Joint Venture, we are
looking forward to combining the businesses to create the UK’s pre-eminent waste-to-energy platform. “We are proud to support
Wheelabrator UK’s role in facilitating the energy transition while diverting residual waste from landfill. We look forward to working with the team to grow the business and capitalize on the opportunities we see in the sector.” Browne Jacobson’s team was
led by banking and finance expert partner Paul Hill, whosaid: “These are significant transactions involving the sale of critical environmental infrastructure assets in the energy-from-waste space.” “Both acquisitions are highly
complementary, and the combination of the businesses will create the UK’s pre-eminent energy-from-waste platform and provide strong foundations for further growth.” “These deals showcase our
strong energy sector credentials and the depth and expertise of our transactional offering and we are delighted to have advised First Sentier Investors on what will be significant additions to their high-quality portfolio of European infrastructure assets.”
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‘As one of the longest-established, national agile law firms, we have seen unprecedented interest in our business model’
She also deals with children and
domestic violence cases and works primarily across Warwickshire and Leicestershire.
Gurmeet Jaku is a franchise and
commercial specialist acting for both franchisors and franchisees on contractual documentation. Excello director Joanne Losty
said: “As one of the longest- established, national agile law firms, we have seen unprecedented interest in our business model from senior, experienced lawyers like Lorraine and Gurmeet over the past six months. “We are delighted that our
continued investment in the Midlands, and the full flexibility we offer lawyers to develop their practice, is proving attractive. We shall continue our recruitment programme across the region.”
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