International legal practice Osborne Clarke has advised the shareholders of Limejump on the acquisition of the company by Shell Petroleum Company Limited. The deal will enable both companies to take steps to support the UK energy system’s transition to a lower carbon future.
The acquisition allows Limejump to make a much greater impact on the market while enhancing the experience of its customers. Additionally, Limejump will be able to strengthen its products with new innovative features.
Limejump will operate as a wholly owned subsidiary of Shell, retaining its unique identity and direct relationships with its customers.
David Ferris, Corporate Partner, said: “Limejump is a leader and innovator in the energy sector and its partnership with Shell will have a significant impact on the UK’s clean energy transition.”
James Watson, Energy & Utilities Sector Leader at Osborne Clarke and Limejump client Partner, said: “This has been a great deal to support with a client who is at the front end of energy innovation in the UK market. We look forward to supporting the team on the next stage of their journey.”
The Osborne Clarke team advising Limejump was led by Partner David Ferris and Senior Associate Alex Underwood. David and Alex were supported by Associate Sarah Mitchell and Paralegal Kristy Hart; Partner Michael Carter and Senior Associate Rhiannon Jones advised on incentives; Partner Tracey Wright and Senior Associate Homyar Pahlan advised on tax.
Osborne Clarke has an established and well-respected position as one of the leading law firms advising on energy innovation projects and transactions. For over 20 years it has helped clients to seize new opportunities and meet the challenges of making energy generation and supply clean, affordable and secure. The combination of the team’s experience and understanding of the energy sector and the application of technology means they are regularly called upon to support businesses on all legal aspects of the digital transformation of the industry.