London — Mayer Brown has advised London-based investment firm Inspirit Capital on its agreement to acquire the energy business of Lloyd’s Register Group (LR).

The deal will create a new engineering and technical consultancy offering specialist asset performance, risk management and project management expertise across complex industrial assets, the energy transition and rail infrastructure.

Will Stamp, founding partner at Inspirit Capital said: “This was an important transaction for Inspirit and the support from Mayer Brown was instrumental in helping us secure the deal. Their dedication to getting the transaction signed in a very tight timeframe was exceptional, and we benefited hugely from their experience. We were also impressed with the commercial approach that the Mayer Brown team adopted in resolving a number of complex matters on the transaction. It was a pleasure to work with them.”

James West, London Private Equity partner at Mayer Brown, said: “It has been great to work with Will, Albert and the team at Inspirit on a deal that both serves their strategic objectives, and supports the long-term growth potential of LR’s Energy business. We hope everyone involved in the transaction sees transformational growth in the years ahead.”

Perry Yam, partner and co-leader of Mayer Brown's global Corporate & Securities practice, added: “We will continue to use our sector expertise to support our leading private equity clients’ activities in the mid-market. It was hugely rewarding to be instructed by Will and the team and we look forward to many more opportunities to work together."

James West and Perry Yam led the London-based Mayer Brown team, which included: Corporate & Securities senior associate Joshua Reynolds; associate Zayn Khan and trainee Kahroba Kojouri; Banking & Finance senior associate Danister de Silva and associate Ignacio Mirasol; IP partner Mark Prinsley and associate Reece Randall; Real Estate senior associate Danielle Gerber; Employment & Benefits partner Miriam Bruce and senior associate Sarah Reeve-Young; and Tax Transactions and Consulting partner Simon Rose and associate Emma Noehrbass. Corporate & Securities partner Bob Palmer provided Energy expertise.