Birketts’ top-tier Corporate Team has advised East Anglian energy project manager Stowen Group (Stowen) on their sale to on-shore wind turbine leader, Star Windco, for an undisclosed sum.
The Birketts team was led by Corporate Partner Ed Savory, with support from Stephen Sumpton, Lucy Churchill, Macauley Alsford, Sofia Jabar.
Founded in Norfolk in 2014, Stowen support oil, gas and renewable energy companies with complete project management solutions, from initial planning through to final commissioned work. The renewable business is a fast growing inspection, servicing and maintenance supplier for offshore wind turbines. Stowen’s three directors have almost 50 years’ combined experience working in the energy sector and have extensive portfolios of work, delivering major construction upgrades and technical expertise to global energy sector providers.
Speaking after the deal was complete, Ed Savory said: “Stowen will only go from strength to strength in this new chapter with Star Windco – many thanks to directors Mathew Owen, Colin Stewart and Kieron Ford for their work on this deal, myself and Birketts wish them the best of luck moving forwards. Our lawyers regularly handle extremely technical and legally complex issues for clients in the energy sector, and our multi-disciplinary practice approach means they can always be assured their matters will be understood. Working again with FRP was also a pleasure – thanks to Jon and Alex for the relentless energy.”
Stowen Managing Director Mathew Owen added: “We are delighted to have chosen Star WindCo as an investment partner and look forward to working with WindCo in continuing our exciting growth trajectory, The support provided by Ed and Birketts meant this transaction ran as smoothly as possible, with all our queries answered quickly and pragmatically.”
Corporate finance advice was provided by Jon Dodge and Alex Hunton of FRP.
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The content of this article is for general information only. It is not, and should not be taken as, legal advice. If you require any further information in relation to this article please contact the author in the first instance. Law covered as at October 2021.