TRANSACTION INTERVIEW 103 Please give us some background into this transaction and the role that your team played. We have been pleased to look after, and see, this business grow from strength to strength. An important part of our business model is to get to know our clients (and those supporting them) really well. Seeing our client receive the King’s Award for Enterprise and our own recent B Corp Certification meant that we had shared values to support technology businesses in the offshore wind sector. The long relationship meant that our team played a key role in drafting, negotiating and delivering the key legal documents to complete the sale within the required timetable. What are the unique considerations that must be taken into account when advising on transactions in the energy sector? The energy sector is continuing to evolve at a fast pace. In the midst of a climate emergency, businesses are having to adapt to meet the new normal of everyday energy requirements. Professional teams need to continually be proactive, flexible and responsive, particularly in the energy sector. In times of uncertainty, timetables for delivery become critical to meet. Did you encounter any challenges as part of your work on this transaction? If so, how did you overcome them? Thanks to the strong history with the client, the challenges were relatively few. However it would be naïve not to expect obstacles on any deal. Challenges can often be resolved through good working relationships with the other legal teams, a pragmatic approach, finding workarounds and good communications – as well as some hard work and knowing what to prioritise. It is a great feeling for the team to experience ’woohoo’ moments as any challenges get knocked over and completion takes place. Gavin Poole Stephens Scown LLP The energy sector is continuing to evolve at a fast pace. In the midst of a climate emergency, businesses are having to adapt to meet the new normal of everyday energy requirements. Contact Stephens Scown: Email: enquiries@stephens-scown.co.uk Tel: 0345 450 5558 www.stephens-scown.co.uk
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