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Burges Salmon advises Erova Energy on acquisition of EnDCo

Posted: 18th July 2023

The firm’s Corporate Group has advised Erova Energy on its acquisition of bespoke GB supplier EnDCo

The Corporate Group from independent UK law firm Burges Salmon has advised energy trading company Erova Energy on its acquisition of EnDCo, which is the brand name of EPG Energy Limited, a UK based energy supplier specialising in Route to Market and trading solutions for large industrial customers.

This transaction enables Erova and EPG Energy to expand into new areas such as fully backed green supply.  EPG’s focus on meter level logistics and Erova’s imbalance management expertise gives asset owners and suppliers access to fully outsourced energy operations.

Erova was established in 2015 and has grown rapidly into a leading provider of energy management services, focusing on supporting the transition to a Net Zero world.   With 2022 turnover exceeding €500 million, Erova now manages over 1GW of renewable and flexible generation across a range of Route to Market structures including Power Purchase Agreements and Revenue Optimisation Services in Ireland and the UK.

The Burges Salmon team that advised Erova Energy on this deal comprised partner Jonathan Eves and associates Mark Devlin and Elena Visser-Adams from the firm’s Corporate Group, senior associate Rishi Naidoo from the firm’s Tax team and Energy partner Nick Churchward.

Nick Williams, Director of Origination at Erova Energy, says: “This strategic acquisition supports our growth strategy and will enable us to expand into the UK supplier market.  We are grateful to the Burges Salmon team for their expert advice and helping us welcome the EPG Energy team to the Erova family.”

Jonathan Eves adds: “This acquisition, which promises huge growth potential in both existing and new markets, marks an exciting collaboration between Erova and EnDCo and it was a pleasure to work with Nick and the Erova team on this milestone deal.”

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