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Pinsent Masons advises Flogas Ireland on latest acquisition

Multinational law firm Pinsent Masons has advised Flogas Ireland, a subsidiary of DCC plc, on its entry into Northern Ireland with the acquisition of Budget Energy.

It marks the largest investment that Flogas has made in Ireland into the growth of its energy business and will enable its expansion into the residential and commercial electricity market in Northern Ireland where it has been operating for over 30 years in the liquefied petroleum gas (LPG) and more recently, the commercial natural gas market.

Budget Energy is one of Northern Ireland’s leading electricity suppliers. In recent years it has contracted with a strong portfolio of local renewable energy generation across solar, wind and anaerobic digestion sources. This renewable generation will be a key contributor to Flogas’s sustainability strategy. Budget Energy, which trades as BE Energy in the Republic of Ireland (ROI) has over 90,000 customers.

Commenting on the deal, Andrew Kerr said, “A deep rooted understanding of Ireland’s highly competitive energy retail sector and increasing regulatory demands enabled us to successfully bring this transaction into fruition. This is an extremely significant acquisition for Flogas and is closely aligned with its long term strategy to become one of Ireland’s leading all-island energy suppliers.”

Pinsent Masons advised Flogas on all aspects of the acquisition and was led by Andrew Kerr and Lisa Early with support from Danielle McKeefry, Dorian Rees, Laura McCrea and Craig Patterson.

The deal marks another important milestone in Pinsent Masons’ long standing relationship with DCC plc. Last year, the firm advised DCC Vital in its sale of Kent Pharmaceuticals.

Retail Company Appoints Legal Advisory Team

Sherwin O’Riordan has announced a new partnership with Retail Excellence Ireland. Sherwin O’Riordan will provide a legal advisory service to Retail Excellence Ireland’s 2000 members.

Retail Excellence is a not for profit company which supports Irish retailers to be the best they can be. The service will take the form of a full employment, commercial and property consultation service to members and offer advice on legal queries by phone or email.

Retail Excellence involves 2000 leading retail companies who operate in the Irish market. Our members are the most progressive and innovative in the market.

We make every effort to deliver activity which is wholeheartedly based on member needs. Retail Excellence is by far the largest retail industry body in Ireland.

Established in 1995, Retail Excellence is owned by the Members, for the Members and is the largest retail industry trade body in Ireland. Our aim is to enhance the consumer’s retail experience by developing top class retail standards and skills and promote a vibrant and competitive world class retail industry in Ireland.

Established in 2002, Sherwin O’Riordan is a firm of highly-experienced solicitors specialising in advising growing SMEs in Ireland on commercial and business law, employment, commercial litigation, dispute resolution and commercial property.

Retail Excellence is a not for profit company which supports Irish retailers to be the best they can be.

Retail Excellence involves 2,000 leading retail companies who operate in the Irish market. Our members are the most progressive and innovative in the market.

We make every effort to deliver activity which is wholeheartedly based on member needs. Retail Excellence is by far the largest retail industry body in Ireland.

Established in 1995, Retail Excellence is owned by the Members, for the Members and is the largest retail industry trade body in Ireland.

Our aim is to enhance the consumer’s retail experience by developing top class retail standards and skills and promote a vibrant and competitive world class retail industry in Ireland.

Baker McKenzie Creates 150 Jobs in Belfast

Baker McKenzie is to create 150 new jobs in Belfast as part of major expansion plans. The legal company has entered into an agreement with Belfast Harbour Commissioners to take additional office space in the City Quays development.

The expansion also allows the legal firm to develop and grow the services it currently provides in Belfast.

Baker McKenzie was the first tenant to move to grade A office space within City Quays 1 in June 2015, but is now nearing capacity in its existing premises.

Since setting up in late 2014 the Belfast office, one of 77 around the world, has grown rapidly and now provides over 30 legal and business services, including finance, corporate support, marketing and IT.

Executive director at Baker McKenzie, James Richards said the expansion underlines the firm’s commitment to Belfast and Northern Ireland.

Belfast Harbour Chief Executive Officer, Joe O’Neill believes Baker McKenzie’s expansion in the city is testament to the offering provided in the City Quays development.

“Cementing our relationship even further with Baker McKenzie and facilitating their ability to grow is something which makes us very proud,” he said.

“City Quays 2 is Belfast Harbour’s response to ongoing demand by inward investors and indigenous firms for new Grade A office space in Belfast.

The development has already established itself as the preferred destination for local and international business leaders and Baker McKenzie’s decision to expand into City Quays 2 is a clear testament to the quality of the space provided, its location for business and the infrastructure around it.”