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Article: Porzio Corporate Team Advises Germany1 on Acquisition of AEG Power.
- Article from:
- Investment Weekly News
- Article date:
- August 15, 2009
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Porzio, Bromberg & Newman acted as U.S. counsel for Germany1 Acquisition Limited (Euronext: GAL1S), a special purpose acquisition company ("SPAC"), which announced that it has entered into an agreement to acquire all the shares of AEG Power Solutions B.V. from Ripplewood Holdings, a New York-based private equity firm, for €200 million in cash and 19,208,955 Germany1 shares. The transaction also includes potential earn-out payments of up to €50 million based on the achievement of certain performance targets during fiscal years 2009-2011. The purchase price is based on a total enterprise value for the target company of €532 million.
Germany1 is ...