Paul Weiss and Squire Patton Boggs (SPB) advised on Pollen Street Capital’s acquisition of majority stake in Hometree and Hometree’s simultaneous acquisition of OVO Energy’s Home Services business.
Pollen Street Capital has agreed to acquire a majority stake in Hometree Marketplace Limited, alongside Hometree’s simultaneous acquisition of OVO Energy’s Home Services division, including the CORGI HomePlan and CORGI HomeHeat businesses.
The combined business is expected to become the UK’s third-largest provider of home emergency insurance and strengthen Hometree’s position in technology-enabled home services and residential electrification.
Paul Weiss is advising Pollen Street Capital on the transaction.
The team is led by Corporate Partners Oliver Marcuse and Stefan Arnold-Soulby, and includes Partners Reva Raghavan and Christopher Sullivan; Tax Partners Rohit Pisal and Cian O’Connor; and Intellectual Property Partner John Patten and Counsel Alex Zapalowski.
Squire Patton Boggs is advising Inven Capital in connection with the transaction.
The team is led by Corporate Of Counsel Marek Hrubeš in Prague and includes Corporate Partner Vicky Jew, and Associate Olivia Baccarella.
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