Pollen Street Capital to Acquire Hometree Marketplace, Fund Hometree’s Acquisition of OVO Energy Home Services

Paul, Weiss is advising alternative asset management firm Pollen Street Capital on its acquisition of Hometree Marketplace Limited, a UK-based energy services company, and Hometree’s simultaneous acquisition of OVO Energy’s Home Services division, including the CORGI HomePlan and CORGI HomeHeat businesses. The combination will create the UK’s third-largest provider of home emergency insurance and position Hometree as a market leader in technology-enabled home services and residential electrification. Pollen Street will own a majority stake in the combined group.

The Paul, Weiss 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.