Deal profile | Gadens advises WINconnect on sale to Pacific Equity Partners

Gadens has advised the shareholders of WINconnect Pty Ltd on the sale of the company to Australasian private equity investment firm, Pacific Equity Partners (PEP).

Headquartered in Melbourne, WINconnect is the largest independently owned private energy network provider in Australia and a market leader in providing a full range of energy and utility services to multi-tenanted premises across residential, commercial, retail, retirement living and industrial sectors.

PEP’s investment will strengthen the group’s balance sheet and provide access to further capital to improve and increase the group’s service offering. The existing management team will remain with the business and look forward to working with PEP to capitalise on these new and exciting opportunities.

Gadens was engaged by the shareholders of WINconnect to advise on all legal aspects of the sale process through to completion.  

Commenting on the transaction, Jol Rogers said: “We are delighted to have supported the WINconnect sellers and management team on what is a significant milestone in WINconnect’s 14 year journey, and look forward to seeing the business continue to grow with support from PEP.”

Practise group involved: Corporate Advisory

Key team members: The team was led by partner Jol Rogers who was supported by senior associate Steven Wambeek and lawyers Yoni Baker and Elizabeth Gregory.

Matter significance: Pacific Equity Partners investment will allow WINconnect to grow its organisation, expanding the range of services it is able to provide customers and further strengthen its position as a market leader in the development and management of community energy networks in Australia. Gadens has recently worked with a number of founders and private businesses to explore partnering and exit opportunities with private equity firms.