Travers Smith LLP has advised BUUK Infrastructure (“BUUK”) on its acquisition of Levelise Limited ("Levelise"), a home energy management system that links high numbers of domestic battery systems to a suite of advanced algorithmic controls. The transaction also involved the transfer of assets from Social Energy Limited to Levelise prior to completion.
BUUK's acquisition of Levelise will play a crucial role in the UK's journey to net-zero, supporting compliance with the Future Homes Standard as well as opening opportunities to scale Levelise's innovative technology.
As part of its offering, Levelise provides savings and direct payments to residential customers through the provision of demand response services, helping homeowners to reduce their energy costs.
The Travers Smith team was led by Corporate M&A Director Neal Watson and Technology & Commercial Transactions Partner Richard Brown, supported by Senior Associate Morgan Grindlay and Associates Vivian van de Haterd and Francisco Vasconcelos Pimentel.
Commercial advice was also provided by Senior Associate Richard Offord and Associate Glen Evans, Tax advice by Senior Associate Silvana Van der Velde, Finance advice by Senior Associate Timothy Short, NSI advice by Partner Nigel Seay and Associate Thomas Davies, Employment advice by Senior Associate Matthew Davis and Operational Risk & Environment advice by Senior Counsel John Buttanshaw.
