Skadden is representing Doughty Hanson & Co. in its sale of The Moeller Group of Germany to the Ohio-based industrial manufacturer Eaton Corporation. The deal, valued at $2.23 billion and due to close in the first quarter of 2008, is part of Eaton’s bid to build its electrical power business in Europe. The Moeller Group is a supplier of components for commercial and residential building applications. Skadden also advised Doughty Hanson in its initial acquisition of The Moeller Group from Advent International in 2005. Other recent deals on which Skadden has advised Doughty Hanson include its $2.8 billion joint acquisition with Providence Equity Partners, Inc. of The Caudwell Group, its acquisition of Norit International NV in the Netherlands and its acquisition of KP1 in France.
Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates