Hogan Lovells Advises on Acquisition of German Elster Group by Melrose

GERMANY, 9 July 2012 - On 29 June 2012, Elster Group SE, based in Essen/Germany, announced that it had entered into a definitive agreement with the British affiliated company Melrose PLC, pursuant to which a wholly-owned subsidiary of Melrose PLC would offer to acquire all outstanding American Depositary Shares amounting to $2.3 billion of the electricity, gas and water measurement and control provider Elster. Melrose PLC proposes to partially fund the acquisition by way of a fully underwritten rights issue. The transaction is expected to close in the third quarter of 2012, subject to regulatory approval by the relevant authorities.

Hogan Lovells acted as counsel for the independent board members of Elster Group led by Dusseldorf corporate partner Christoph Louven, Frankfurt corporate partner Rainer Suessmann and Washington based corporate partner Joseph G. Connolly, Jr., and their international team.

The ADS of Elster Group are solely listed on the NYSE. Elster Group is one of the world's largest electricity, gas and water measurement and control providers. Its services include the distribution,  monitoring and control of electricity, water, and gas in industrial distribution systems and also for home supply.

Hogan Lovells team for the independent board members of Elster Group:

Christoph Louven (partner, corporate/M&A, Dusseldorf) acted together with Rainer Suessmann (partner, corporate, Frankfurt) and Joseph G. Connolly (partner, corporate/M&A, Washington, D.C.) as lead partners. They were supported by Michael Schlitt (partner, capital markets, Frankfurt), Marcus Schreibauer (partner, IPMT, Dusseldorf), Christian Ries (counsel, capital markets, Frankfurt), Thorsten Schumacher (senior associate, corporate/M&A, Dusseldorf), Joseph E. Gilligan (partner) and J. Warren Gorrell, Jr. (partner, both corporate/M&A, Washington, D.C.), Maegen Morrison (partner), Olivia Stuckey (senior associate, both capital markets/M&A, London).

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