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Walkers advise Equitix on sale of UK power network operator Electricity North West to Iberdrola

Sep 23, 2024

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Walkers advise Equitix on sale of UK power network operator Electricity North West to Iberdrola

Walkers' Jersey team has advised Equitix on its sale and exit (as part of a consortium) of 88% of the share capital of North West Electricity Networks (Jersey) Limited ("NWEN") to Iberdrola S.A. Walkers acted as Jersey counsel to Equitix, working alongside Ashurst LLP as lead counsel. The sale values NWEN (inclusive of all equity and debt) at approximately €5 billion, with the consortium sale equity having a value of approximately €2.5 billion. 

The Walkers team advised on the Jersey corporate and transactional elements of the sale. The Walkers team was led by partner Dilmun Leach and assisted by partner Tatiana Collins. Also advising were senior associate Luke Steele and associate Charlotte Beal.

Walkers is a leading international law firm. We provide legal, corporate, fiduciary and compliance services to global financial institutions, investment banks, capital markets participants, Fortune 500 corporations, arrangers, promoters and managers, Magic Circle and AmLaw 100 law firms, accounting firms, partnerships, trust companies and other fiduciaries. We are consistently ranked in the top tier of law firms by all leading global legal directories. 

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Jenny Kokolas

Jenny Kokolas

Communications Manager - Global

T/+44 20 7220 4999
M/+44 (0)7301 272 247
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Dilmun Leach
Dilmun Leach

Dilmun Leach

Partner, Walkers (CI) LP

Jersey

T

+44 (0) 1534 700 783

M

+44 (0) 7797 912 371

E

Email Dilmun Leach
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Tatiana Collins
Tatiana Collins

Tatiana Collins

Partner

Jersey

T

+44 (0) 1534 700 757

M

+44 (0) 7797 863 898

E

Email Tatiana Collins
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Luke Steele
Luke Steele

Luke Steele

Senior Associate

Jersey

T

+44 (0) 1534 700 720

M

07797 863881

E

Email Luke Steele
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Charlotte Beal

Charlotte Beal

Associate

Jersey

T

+44 (0) 1534 700 772

E

Email Charlotte Beal
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