DWF, the global legal business, has advised eEnergy Group plc (formally known as Alexander Mining PLC) on the reverse takeover of Irish incorporated eLight Group Holdings Ltd, the raising of £2 million of new equity, the disposal of the legacy mining technology business and the re-admission to AIM.
The UK and Ireland DWF team, led by Ross Little, head of corporate in Ireland, and Newcastle based corporate partner, Jeremy Swift, together provided legal advice to Energy Efficiency as a Service business, eEnergy Group plc on the acquisition of e-Light Group Holdings Limited and associated fund raising, re-admission to AIM and the disposal of MetaLeach Limited.
Ross and Jeremy were supported by DWF colleagues based in UK and Ireland. They included: Jemil Visram, Edon Byrnes, Ruairi MacCumhaill, Andrea McGurn, Alison Martin, Eilidh Durkin, Siobhan Cameron, Katy Thomson, Ruairidh Morrison and Stephen Cairns.
Commenting on the deal, Ross Little said: "We are delighted to have advised eEnergy Group on the acquisition of eLight and an associated fund raising and re-admission to AIM and the disposal of MetaLeach Limited. We look forward to supporting eEnergy deliver its ambitious growth strategy
Jeremy Swift further commented: "This deal further demonstrates DWF's strength in advising clients with international operations in the energy tech sector. Tech deals have already accounted for over a third of our deals this financial year and we continue to see strong activity in the sector into the New Year."
Nigel Burton, non-executive director of Alexander Mining and eEnergy Group said: "DWF have been very professional and provided great counsel to us through this complex transaction. We now look forward to the next chapter of our business as eEnergy Group plc."
Ric Williams, CFO of eLight and eEnergy going forwards: "This was a complex transaction and I am grateful for the support of the DWF team, led by Ross and Jeremy. The dedication and professionalism of the whole DWF team was critical to seeing this deal through to completion so effectively and I felt the whole team understood that although eLight was the “target” it was the eLight team that would be running the business after the RTO. As a result we all benefited from their advice and experience."