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ERICO Global sold to Pentair for $1.8 billion

September 2015

Client(s) ERICO International Corporation

Jones Day represented ERICO Global Company, a leading global manufacturer and marketer of superior engineered electrical and fastening products for electrical, mechanical, and civil applications, in connection with its $1.8 billion cash sale to Pentair plc. The transaction included the repayment of ERICO debt, and values ERICO at approximately twelve times 2015 forecasted EBITDA. ERICO has 1,200 employees in 30 countries with recognized brands including CADDY® fixing, fastening, and support products; ERICO® electrical grounding, bonding, and connectivity products; and LENTON® engineered systems.

In addition to M&A representation, Jones Day provided antitrust, employee benefits, banking, real estate, environmental, tax, and intellectual property advice regarding this transaction.

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