DLA Piper and AVAdvisory have advised ASP Isotopes Inc (ASPI) on its proposed acquisition of all the issued shares in Renergen Limited (Renergen), a JSE-listed natural gas operation, as well as its intended secondary listing on the Johannesburg Stock Exchange (JSE).

ASPI is a Nasdaq-listed advanced materials company that develops technology and processes to produce isotopes for use across multiple industries. Its proposed combination with Renergen, a South African energy company focused on alternative and renewable energy, will strengthen its access to critical resources, particularly helium. The acquisition strengthens ASPIs’ growth strategy and positions it as a future leader in the global supply chain.

A multi-practice team from DLA Piper's Johannesburg office worked on the transaction, led by Corporate director Peter Bradshaw. He was supported by directors Brian Malcomess and Jonathan Singh (Corporate), as well as Werner Rysbergen (Competition) and Tumisang Mongae (Litigation and Regulatory). The team also included senior associates Sibusile Khusi (Corporate) and Dhahini Naidu (Litigation and Regulatory), associates Leratorato Madiba (Corporate) and Dharshini Naidoo (Competition), and candidate attorney Zanele Mkhatshwa (Corporate). 

The AVAdvisory team consisted of André Visser (Managing Director) and Louis Pretorius (Associate).

Peter Bradshaw commented: "This deal opens up exciting growth prospects for ASP Isotopes in a sector that’s becoming increasingly important. It’s been rewarding to help bring together two companies with complementary strengths and to support a transaction that’s grounded in long-term vision and shared opportunity."

With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex transactions while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 15 consecutive years, is number 1 across Africa and the Middle East by M&A deal volume for two years, according to Mergermarket, and number one in M&A in combined global deal volume according to PitchBook.