Moorcrofts LLP advises on sale of a controlling interest in Levelise Limited
Moorcrofts advises the founder shareholders of Levelise Limited on a sale of a controlling interest in the company to Social Energy Limited.
Levelise is an Oxford-based technology start-up founded in March 2017 by a team of experienced, ex-Sharp hardware and software engineers, data scientists, algorithm developers and renewable energy specialists. Levelise has created a home energy management system that links high numbers of domestic battery systems to a suite of advanced algorithmic controls: The Levelise cloud.
Social Energy has recently entered into a partnership with Duracell to launch a home energy storage system in the UK, and the Levelise technology will play a key part in this AI powered platform and energy storage system.
As part of the deal, Social Energy provided a secured loan to Levelise. The deal also involved the founder shareholders entering into a shareholders agreement with Social Energy in relation to Levelise Limited.
Peter Woolley (corporate partner) led the transaction, with support from Nicola Whelan (employment associate) and Moorcrofts’ Commercial / IT team (led by Andrew Katz).
Matthias Kauer, a director of Levelise, said:
“Moorcrofts (and in particular, Peter Woolley) has recently advised Levelise on a series of transactions with Social Energy Limited, the groundbreaking AI powered platform and energy storage provider. Peter is highly professional, and has a very good commercial and pragmatic understanding of matters. He works efficiently and to deadlines and I have total confidence recommending Moorcrofts and Peter to others, particularly on complex, technical or difficult corporate deals.”
Peter Woolley commented as follows:
“We enjoyed advising Levelise’s founder shareholders on this sale. The UK home energy storage sector is enjoying a period of stellar growth, and (with the help of Levelise and its technology) Social Energy can play a key role in this as an energy disruptor. We hope that we will have the opportunity to work with Levelise and Social Energy on other projects in the future.”
If you are considering a sale of your company or business, please feel free to contact Peter Woolley (DDL: 01628 470016; Email: email@example.com).