Deal Background
Saturn Energy Limited was a commercial energy broker, focused on the Small and Medium Enterprise (SME) sector.
Established in 1999, it acted as an agent for SMEs to procure gas and electricity from suppliers under medium and long term contracts.
Saturn Energy operated under the trading name ESP Online.
How Langtons Helped
Langtons acted as Lead Advisors to the shareholders of Saturn Energy Limited, working closely with them throughout the whole sales process providing assistance in identifying and approaching potential acquirers, presenting information and negotiating the terms and structure of the deal.
We also provided support during the financial due diligence and throughout the whole legal process.
Results
Spice plc successfully acquired the business of Saturn Energy.
One of the vendors was retained post-completion allowing Saturn to further develop business in the SME sector.
Saturn were also able to continue to provide customers with a high quality service by utilising the wider resources of Spice plc.
