PE Firm Fights For Fees On £347M Bid For Engine-Maker

By Silvia Martelli (November 25, 2021, 1:37 PM GMT) -- A U.S. private equity firm has fought back against a defense filed by Melrose PLC in a dispute over a failed multimillion-pound deal, saying that it is entitled to recover fees because its final purchase offer for the German subsidiary of the British manufacturing company was complete.

OpenGate Capital Management told the High Court in its reply on Monday that it qualified for the reimbursement scheme in the bidding contract to buy Melrose's German engine maker, contradicting what the British parent company claimed in its Oct. 4 defense.

The reimbursement scheme did not outline any additional condition with which the firm...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!