Goodbodys and Dundas lead on SSE energy deals

A&L Goodbody and Dundas & Wilson have scooped key roles in two back-to-back renewable energy acquisitions by FTSE 100 client Scottish and Southern Energy (SSE).

SSE bought Irish wind farm operator Airtricity for e1.83bn (£1.37bn) on 4 January, just two days after buying renewable energy company Slough Heat & Power for £49.25m from real estate investment trust (Reit) Segro.

Corporate partner Sheena Doggett led the Goodbodys team, while Airtricity turned to regular adviser Skadden Arps Slate Meagher & Flom and Irish firms Arthur Cox and Lavery Kirby Gilmartin. Dual-qualified energy and infrastructure partner Douglas Nordlinger led at Skadden.

Skadden and Lavery advised Airtricity in October 2007 on the sale of its North American wind farm operations to Jones Day client E.ON. London-based Nordlinger led on that deal too.

Nordlinger told The Lawyer: “Integrating this deal with the North American sale with a tight timetable over the holiday period was extremely challenging. The only way it could be achieved was if the principals and their advisers were highly motivated, which they were.”

The $847m (£429.79m) proceeds from that sale were included in the price SSE paid for Airtricity in this most recent transaction. SSE also assumed e375m (£280.15m) of debt.

SSE was advised by Dundas on the acquisition of Slough Heat & Power, led by corporate partner Ewan Robertson. Nabarro corporate partner Andrew Wigfall advised Segro.

As well as Goodbodys and Dundas, SSE has historically instructed Herbert Smith and Burges Salmon.