DLA Piper advises E.ON Connecting Energies on acquisition of Matrix

DLA Piper has advised E.ON Connecting Energies (ECT) on its acquisition of Matrix, which provides energy management and energy efficiency services for commercial buildings.

The transaction, which was exchanged on 6 September 2013 and was subject to Austrian merger clearance, completed on 4 October 2013.

The agreement covers the purchase of 100 per cent of the issued share capital of Green Sky Energy, the parent company of Matrix, from LDC, a UK mid-market private equity investment fund, and also Matrix employee and management shareholders.

DLA Piper’s Birmingham-based corporate team was led by partner Noel Haywood, who was supported by partner Jim Lavery, senior associate Nigel Cooke and associate Daniel Shilvock. Senior associate Matthew Davies gave tax advice.