The corporate team at Penningtons Manches Cooper has advised the shareholders of UK-based OXLiD on its acquisition by AIM listed Anglo-Australian battery innovator, Gelion.
OXLiD is an Oxford based lithium-sulfur (Li-S) battery technology developer. Its work concerns the development and commercialisation of Li-S batteries for electrified transportation and sustainable energy storage in the electric aviation and electric vehicle markets. Li-S technology ultimately has the potential to make global transport, energy consumption and storage more sustainable.
The Penningtons Manches Cooper team was led by corporate partner Will Axtell, with support from partner Adam Carling, senior associate Dominique Sabatini, and associate Leo Shrimpton. Corporate tax partner Kathy Potter and senior associate Leonie Langley also advised on the deal. Further support was provided by IP, IT and commercial managing associate Edmund Forey, data protection senior associate Nora Pook, employment associate Luke Shaw, and pensions partner Alison Hills.
Dr Adrien Amigues, founder and CEO of OXLiD, said: “By joining Gelion, we will be capable of developing and commercialising Li-S battery technology for the mass markets at a faster rate than previously possible. We are very excited about joining Gelion and I’d like to thank Will Axtell and the wider team at Penningtons Manches Cooper for their expertise and for their unwavering support in helping bring this transaction to a successful conclusion.”
Will Axtell, corporate partner at Penningtons Manches Cooper, said: “We are delighted to have advised OXLiD on its strategic acquisition by Gelion. This marks a significant transaction in the realm of advanced battery technologies, bringing together two dynamic and promising companies.”