Cerberus – Mechanical Engineering Business of Goodwin

WA-90043

Cerberus Capital Management, L.P. (**Cerberus**), through funds advised and managed by its affiliates, proposes to acquire the high integrity products, radar systems and submersible pumps businesses (**Mechanical Engineering Business**) of Goodwin PLC (**Goodwin**) as part of a global transaction (the **Acquisition**). Cerberus is a global alternative investment firm headquartered in New York. It has approximately USD 72 billion of assets under management globally across various sectors. Prior to completion, Goodwin is undertaking an internal reorganisation to transfer the assets and operations of the Mechanical Engineering Business to Lord Holdco Limited, a new legal entity established for the Acquisition. Goodwin is a group of mechanical and refractory engineering companies listed on the London Stock Exchange. In Australia, Goodwin supplies a range of pumps, radar parts, steel components and specialist valve products, including through the following Australian entities: * Goodwin Submersible Pumps Australia Pty Ltd (**GSPA**): a wholly owned Australian subsidiary of Goodwin. GSPA supplies submersible slurry pumps manufactured by Goodwin to Australian customers. * Easat Radar Systems Ltd: supplies radar spare parts. * Goodwin International Limited: supplies dual plate and axial check valves. * Noreva GmbH: supplies check and control valves. * Goodwin Steel Castings Limited: supplies high-integrity case and machined steel components. Cerberus and its portfolio companies are not active in the supply of these products or related markets.